trending Market Intelligence /marketintelligence/en/news-insights/trending/_v6VxOdTeX4H3-i265iZGw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Talanx raises FY'19 outlook as income rises 10.8% YOY in Q2

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report


Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did

Talanx raises FY'19 outlook as income rises 10.8% YOY in Q2

Talanx AG's second-quarter group net income after noncontrolling interests grew 10.8% to €242 million from €219 million in the prior-year period.

Gross written premiums climbed year over year to €9.15 billion from €8.20 billion, while net premiums earned increased to €8.08 billion from €7.45 billion in the second quarter of 2018.

The underwriting result deteriorated to a €350 million loss from a €318 million loss a year ago. The main reason for this was the late claim notification for Typhoon Jebi in the property and casualty reinsurance segment amounting to €54 million.

Return on equity was unchanged year over year at 10.1%. Net investment income increased 5.6% to €998 million from €944 million.

The combined ratio weakened to 98.1% from 96.5%.

For the first half, group net income after noncontrolling interests came in at €477 million, up 9.4% from €437 million a year earlier.

The company said that at €308 million, losses from natural disasters and other large losses for the first half were higher than in the prior-year period's €241 million, although still well within the pro rata large loss budget of €527 million at the group level.

The groupwide combined ratio over the first six months weakened to 97.5% from 96.7%.

Talanx said the restructuring of the industrial fire insurance business is progressing "very successfully." It also raised its outlook for group net income in 2019 to more than €900 million.