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TLX - Talanx AG News Story

€47.24 -0.5  -1.1%

Last Trade - 4:35pm

Sector
Financials
Size
Large Cap
Market Cap £10.11bn
Enterprise Value £16.38bn
Revenue £30.15bn
Position in Universe 103rd / 1050

BRIEF-Talanx H1 Net Income Up 9.4% TO EUR 477 Million

Mon 12th August, 2019 6:32am
Aug 12 (Reuters) - Talanx AG  TLXGn.DE :
    * 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

Source text: https://bit.ly/2yS2Ejp
Further company coverage:  TLXGn.DE 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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