Talanx set to beat consensus in Q1
By Scott Vincent
April 29 - (The Insurer) - Talanx expects to report consolidated net income of 604 million euros ($687 million) when it publishes first-quarter results on May 15, the German holding company said on Tuesday.
The result is ahead of the company-compiled analyst consensus of 467 million euros, Talanx said, with the beat driven by the group's primary operations.
Talanx has maintained its full-year guidance for consolidated net income of more than 2.1 billion euros in 2025.
This is based on large losses remaining within budget, no turbulence in capital markets and no significant currency fluctuations.
Talanx is the majority shareholder in Hannover Re, with 50.2% of the voting rights in the reinsurer. Alongside its reinsurance business, Talanx also operates through its corporate and specialty, retail international, retail Germany and financial services divisions.
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