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Talanx AG (TLXGn.DE)

TLXGn.DE on Xetra

39.38EUR
5:46pm IST
Change (% chg)

€-0.20 (-0.51%)
Prev Close
€39.58
Open
€39.40
Day's High
€39.50
Day's Low
€39.14
Volume
40,616
Avg. Vol
96,325
52-wk High
€39.88
52-wk Low
€28.64

Latest Key Developments (Source: Significant Developments)

Talanx H1 Net Income Up 9.4% TO EUR 477 Million
Monday, 12 Aug 2019 

Aug 12 (Reuters) - Talanx AG ::H1 EBIT UP 2.7 PERCENT TO EUR 1,244 (1,212) MILLION.H1 GROUP NET INCOME RISES 9.4 PERCENT TO EUR 477 (437) MILLION.OUTLOOK FOR FULL-YEAR GROUP NET INCOME RAISED TO MORE THAN EUR 900 MILLION.OUTLOOK FOR FULL-YEAR GROUP NET INCOME RAISED TO MORE THAN EUR 900 MILLION.H1 GROSS WRITTEN PREMIUMS SAW DOUBLE-DIGIT GROWTH YEAR-ON-YEAR OF 11.2 PERCENT TO EUR 20.9 (18.8) BILLION.H1 COMBINED RATIO AT 97.5%.OUTLOOK 2019: IS CONFIRMING THE OTHER FORECASTS FOR 2019 THAT WERE PUBLISHED IN AUTUMN LAST YEAR.GOAL REMAINS TO DISTRIBUTE BETWEEN 35% AND 45% OF GROUP NET INCOME, AND AT LEAST SAME AMOUNT AS PREVIOUS YEAR, AS DIVIDEND.  Full Article

Talanx Acquires Property/Casualty Insurer Ergo Sigorta
Thursday, 2 May 2019 

May 2 (Reuters) - Talanx AG ::SIGNIFICANTLY EXPANDS ACTIVITIES IN TURKEY THROUGH ACQUISITION.ACQUIRING PROPERTY/CASUALTY INSURER ERGO SIGORTA A.Ş..PARTIES HAVE AGREED NOT TO DISCLOSE PURCHASE PRICE..  Full Article

Talanx Withdraws From Insuring Coal-Based Risks Over Long Term
Thursday, 18 Apr 2019 

April 18 (Reuters) - Talanx AG ::TALANX WITHDRAWING FROM PROVISION OF INSURANCE PROTECTION FOR COAL-BASED RISKS OVER LONG TERM.COMMITTING TO PROCESS OF TRANSFORMATION TOWARDS A LOWER-CARBON ECONOMY.GROUP WILL RETAIN ITS EXISTING POLICY OF NOT MAKING ANY NEW INVESTMENTS IN COMPANIES THAT GENERATE AT LEAST 25 PERCENT OF THEIR REVENUES FROM FOSSIL FUEL SOURCES.  Full Article

Talanx: Clemens Jungsthoefel And Jens Warkentin Appointed To HDI Service Management Board
Tuesday, 5 Mar 2019 

March 5 (Reuters) - Talanx AG ::CLEMENS JUNGSTHÖFEL AND JENS WARKENTIN APPOINTED TO THE MANAGEMENT BOARD OF HDI SERVICE AG WITH EFFECT FROM 1 MAY 2019.PROVIDES GREATER INTEGRATION FOR HDI SERVICE AG WITH THE DIVISIONS.  Full Article

Talanx Says Lost 120 Mln Euros On Price Increases In Industrial Fire Insurance
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Talanx AG ::CFO SAYS LOST 120 MILLION EUROS DUE TO PRICE INCREASES IN INDUSTRIAL FIRE INSURANCE, BUT THAT IS NEARLY OFFSET BY HIGHER PREMIUMS.  Full Article

Talanx - Sees Net Income Of Around 900 Mln Euros In 2019
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Talanx AG ::Q3 GROSS WRITTEN PREMIUMS 8,331 MILLION EUR.Q3 EBIT 259 MILLION EUR.Q3 NET INCOME 171 MILLION EUR.Q3 COMBINED RATIO 102.1 PERCENT.REUTERS POLL AVERAGE FOR TALANX Q3 PREMIUM WAS 8 BILLION EUROS, NET INCOME WAS SEEN FLAT AT 31.8 MILLION EUROS.TALANX AG TLXGn.DE - 2019 OUTLOOK: GROUP NET INCOME OF AROUND EUR 900 MLN.AFTER THE FIRST NINE MONTHS OF FINANCIAL YEAR 2018, WE CONTINUE TO EXPECT A RISE IN GROSS PREMIUMS IN EXCESS OF 5% FOR THE YEAR AS A WHOLE, WHICH CAN ESSENTIALLY BE ATTRIBUTED TO THE POSITIVE DEVELOPMENT IN THE PROPERTY/CASUALTY REINSURANCE SEGMENT.IN LIGHT OF THE HIGH LARGE-LOSS BURDEN IN INDUSTRIAL LINES IN THE FIRST NINE MONTHS OF MORE THAN EUR 260 MILLION – WHICH SURPASSED THE TOTAL BUDGET FOR THE YEAR – AND UNUSUALLY HIGH ACCUMULATION OF FREQUENCY LOSSES, WE ARE NOW EXPECTING GROUP NET INCOME FOR 2018 AS A WHOLE OF AROUND EUR 700 MILLION.EXPECTED GROUP NET INCOME FOR 2018 AS A WHOLE OF AROUND EUR 700 MILLION , FALLING SHORT OF THE PROJECTION OF AROUND EUR 850 MILLION AFTER THE FIRST HALF OF THE YEAR.FORECAST FOR THE FOURTH QUARTER IS BASED ON THE ASSUMPTION THAT LARGE LOSSES IN PRIMARY INSURANCE WILL REMAIN WITHIN THE QUARTERLY BUDGET.  Full Article

Talanx Increases Earnings Per Share By At Least 5 pct Per Year By 2022
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Talanx AG ::RETURN ON EQUITY (ROE) TARGET RAISED FROM AT LEAST 750 BASIS POINTS TO AT LEAST 800 BASIS POINTS ABOVE RISK-FREE INTEREST RATE.EARNINGS PER SHARE TO BE INCREASED BY AN AVERAGE OF AT LEAST 5% PER YEAR BY 2022.35% TO 45% OF IFRS EARNINGS SHALL BE DISTRIBUTED TO SHAREHOLDERS, WITH ABSOLUTE AMOUNT OF DIVIDEND COMING TO AT LEAST PREVIOUS YEAR'S LEVEL.ACQUISITIONS WILL REMAIN AN IMPORTANT ELEMENT OF TALANX'S GROWTH STRATEGY.WILL CONTINUE TO EXAMINE POTENTIAL ACQUISITION TARGETS WITH GREAT DISCIPLINE.PREREQUISITE FOR A TRANSACTION IS THAT POTENTIAL ACQUISITIONS MUST IMPROVE GROUP'S RETURN ON EQUITY AND RESULT IN AN INCREASE IN EARNINGS PER SHARE IN NEAR FUTURE.FOCUS IS PRIMARILY ON POTENTIAL TARGET COMPANIES IN NON-LIFE BUSINESS IN DEFINED MARKETS.PLANS TO BUNDLE NON-LIFE TREATY REINSURANCE REQUIREMENTS FOR PRIMARY INSURANCE AT HOLDING COMPANY.EXPECTS THIS TO HAVE A COMBINED POSITIVE EFFECT ON ANNUAL PROFIT OF AROUND EUR 50 MILLION.  Full Article

Talanx Buys Turkish Non-Life Business of Liberty Mutual Group
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Talanx AG ::SAYS TO ACQUIRE NON-LIFE INSURER IN TURKEY.SAYS HAS AGREED TO ACQUIRE 99.4 PERCENT OF THE SHARES IN LIBERTY SIGORTA A.S., THE TURKISH NON-LIFE SUBSIDIARY OF US-BASED LIBERTY MUTUAL GROUP‍​.SAYS IN 2016, LIBERTY SIGORTA GENERATED GROSS WRITTEN PREMIUMS OF EUR 56 MILLION AND HAD A PORTFOLIO OF MORE THAN 700,000 POLICYHOLDERS.  Full Article

Talanx reports nine-month net of 444 mln eur
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Talanx Ag :‍​:Achieves nine-month net income of eur 444 million despite severe impact of natural catastrophes‍​.Gross written premiums up by 6.3 percent to eur 25.2 (23.7) billion.Industrial lines and property/casualty reinsurance hit by very large losses relating to natural catastrophes in the third quarter.Positive developments in domestic and foreign retail business help compensate for effects.Talanx has revised its outlook for group net income for 2017 to around eur 650 million.Outlook for 2018: group net income of around eur 850 million expected.  Full Article

Amprion looking at funding options as grid investments rise - sources

FRANKFURT, Sept 10 German high-voltage power transmission network Amprion, whose owners include RWE and Munich Re, is evaluating options to bring in fresh funds, two people familiar with the matter said.