The MDax Group confirmed the forecast for the full year. However, the profit target is now somewhat more difficult to achieve because of the burdens on the primary insurance subsidiary Hannover Re in the USA. Talanx is expecting a net profit of around 850 million euros this year. In the first half of the year, the group has already achieved more than half of that, with 437 million euros. However, the profit fell by 5.6 percent.
In the second quarter, Talanx earned EUR 219 million, 2.7 percent less than in the same period of the previous year. The reasons for the decline include financing interest on bonds and burdens from the US tax reform. In addition, Talanx benefited from a one-off tax effect in the retail business in its home market of Germany in the previous year. (rts) Source: ntv.de “Talanx is increasing its dividend despite the significant decline in profits last year.
The insurance group announced a distribution of 1.40 euros per share after 1.35 euros in the previous year. By consensus, analysts had only expected 1.38 euros per share. The company had already announced preliminary figures at the beginning of February and also reported on the decline in profits last year. The hurricanes in the Caribbean and the USA as well as the severe earthquakes in Mexico thwarted Talanx’s plan to generate a profit of around 850 million euros in 2017.
The group result collapsed to 672 million from 903 million euros. At the time, Talanx also reported an increase in gross written premiums of around 6 percent to 33.1 billion euros, with the reinsurance divisions of the subsidiary Hannover Re and Private and Corporate Insurance International showing significant increases. Source: ntv.de “News and information at a glance. Collection of articles by n-tv.de on the subject of Talanx The German insurance giant Talanx is surprisingly putting its long-planned stock exchange plans on hold. Talanx boss Haas pulls the emergency brake a few weeks before the start date .
He speaks of different price expectations between shareholders and investors. Germany’s third largest insurance group Talanx wants to take the plunge on the stock exchange in the next few weeks. The group, which includes HDI and the reinsurer Hannover Re, had postponed the announced course several times.
The insurer Talanx does not even want to collect one billion euros. The Lower Saxony could possibly strive to enter the trading floor almost in step with the chemical company Evonik. As Prime Minister Christian Wulff has addressed sponsors for the controversial “North-South Dialogue” himself – at least one, the insurer Talanx. The SPD is angry and wants to complain, Green parliamentary group spokesman Stefan Wenzel renews his massive allegations, but does not want to call Wulff a “liar” anymore.https://123helpme.me/biology-essay-writing-service/ Talanx is catching another big fish in the neighboring country with the Polish insurer TUiR Warta SA.
This makes the company from Hanover the second largest insurer in Poland. Eastern Europe is one of the strategic growth markets for Talanx. The insurance group Talanx wants to open a current account with the Bundesbank.
The Bundesbank has refused to do this so far. Talanx has a deep distrust of commercial banks. The German insurer Talanx is investing in Swiss Life and at the same time buying an MLP package of 8.4 percent from the Zurich-based group. The AWD founder and major shareholder Maschmeyer and the former Baloise boss Schnewlin are to be elected to the board of directors. The Swiss insurer Swiss Life talks to the German insurance group Talanx about its participation in the German financial sales organization MLP.
The Zurich-based company currently holds 24.30 percent of MLP. The third largest German insurance group, Talanx, after Allianz and Munich Re, intends to grow above all abroad in the future. “In Germany, acquisitions only make sense for us in a few cases,” said Talanx boss Haas. The group closed the 2007 financial year with a record result.
The takeover of competitor Gerling is more expensive for the insurer Talanx than previously assumed. In a legal dispute over alleged formal errors in the course of the purchase, most of the plaintiffs reached a partial settlement with the company. This awards the minority shareholders of the Gerling Group General (GKA) 2.53 euros more per share than originally planned. “News and information at a glance. Collection of articles from n-tv.de on the subject of Talanx Despite high catastrophe losses in Germany, the Talanx insurance group has and Canada stayed on course for profit targets in the second quarter.
Two days up, two down. In addition, a trading range of 450 points since Thursday: There can be no talk of calm on the German stock market in the week before Pentecost. N-tv stock exchange expert Meyer calls it “rough”. The US stock market also closed weakly. Germany’s third largest insurance group Talanx recorded a smaller decline in earnings than expected in the first quarter. Aviation is becoming safer and safer.
But disasters like the Germanwings crash last year have recently been particularly expensive for insurers. A provider that insured both Germanwings and Malaysia Airlines is now withdrawing. After a brilliant week before, investors are holding back on the start of the week.
The Greek crisis is again in the focus of the stock exchange traders. In the US, according to stock exchange correspondent Markus Koch, investors are currently getting wrong. Storm Niklas, Germanwings crash and several major fires: the insurer Talanx did not have it easy in the past quarter.
Nevertheless, the group comes up with a good result – without becoming cocky. Germany’s third largest insurance group Talanx made a little more profit last year despite a series of major losses. The insurance group Talanx made less profit in the second quarter and in the first half of the year than in the same period of the previous year. If the Talanx share listed in the MDAX remains above its upward trend at EUR 24 in the next few months, investors can achieve disproportionately high returns with discount certificates. At first, it looks as if the second trading day of the week for investors in the German stock market will begin with a narrow minus sign.
But shortly before the start of trading, the trend arrows turn upwards. Will the confidence last until the opening? “Bouna Sarr, Eric Maxim Choupo-Moting, Marc Roca – it is hard to believe that these transfers can trigger such criticism. (Photo: imago images / Philippe Ruiz) Late but huge, FC Bayern fulfilled his trainer Hansi Flick’s transfer requests, but some ex-professionals and experts don’t like that either.
Sports director Hasan Salihamidzic can not understand this – and still gives a reason for his transfer policy. After the final offensive by FC Bayern Munich on the transfer market, sports director Hasan Salihamidzic drew a positive conclusion and rejected criticism of the purchasing policy. Because of the “special circumstances” and the “difficult schedule” in the Corona period, one is “satisfied” at Säbener Strasse, summed up the manager of the soccer record champions in “Kicker”. Bayern had signed offensive players Douglas Costa and Eric Maxim Choupo-Moting, midfielder Marc Roca and defender Bouna Sarr in the last hours before the end of the transfer window. Salihamidzic justified the fact that the deals took place so late and that Munich was short of time by taking part in the premier class final tournament in Lisbon in August – where the title was celebrated. “We subordinated everything to the success of the Champions League tournament. We didn’t want to burden the team with rumors about players coming or going,” said the 43-year-old.
Before the four late new purchases, Munich had already made the additions of Leroy Sané, Alexander Nübel and Tanguy Nianzou Kouassi perfect, “which some have already forgotten,” as Salihamidzic said. Football experts like the former Bayern professionals Stefan Effenberg and Dietmar Hamann had criticized the purchasing policy. Hamann rated Sarr – the backup for right-back Benjamin Pavard – as “probably the last resort”.
Effenberg worked in a column mainly on the Costa return from Juventus Turin and recalled that the former Bayern President Hoeneß described the Brazilian after his departure in 2017 as a “quite a mercenary”, who had “not liked the Munich character” .Salihamidzic, however, found the newcomers suitable. “All parts have to fit. Role understanding, requirement profile and character of the candidates round off the sport,” he said. “We have given careful thought to each of these transfers.” The sports director contradicted rumors that the team had pushed for a commitment from Costa. “It’s a fairy tale,” he said and made it clear: “Squad planning is not a matter for the team.” The four new players are coming to the series championship without any claim to regular places, the Bavarians were looking for additional professionals and backups for the stars before an extremely intense season. For the club’s internal climate, it was always important that the reservists did not complain too much about the lack of playing times. In addition, Salihamidzic said that financial aspects were also important during the Corona period. “FC Bayern does not go into every madness.” For Bayern dream player Callum Hudson-Odoi, Chelsea FC reportedly made a deal worth at least 77 million euros as a condition.
The deal did not materialize. Source: ntv.de, ara / dpa “Among other things, the crash of flood 4U9525 prompted HDI Global to” reassess “business with airlines. (Photo: REUTERS) Aviation is becoming increasingly safer. Yes Disasters such as the Germanwings crash last year were particularly expensive for insurers recently. A provider that insured both Germanwings and Malaysia Airlines is now withdrawing. According to a newspaper report, the insurer HDI Global is saying goodbye to the primary insurance business for airlines. ” We have decided not to offer insurance coverage for commercial airlines, “said HDI Global boss Christian Hinsch to the” Handelsblatt “. Due to the events of the past few years, the business had been” re-evaluated ” Insurance offer for airlines.
In the other areas of aviation such as private and business aircraft, hobby aviation, airports and aircraft manufacturers, HDI Global is still active as an industrial insurer. The decision against the special segment of airline insurance follows a general trend: they have been falling for a good ten years Prices for insurance cover for airlines, as the paper writes. One reason is the large number of providers on the market. In addition, the bill of many insurers has not worked out in recent years, the level of the industry’s payouts have been higher than what had been taken before, although the safety of the airlines has improved significantly and the number of crashes has decreased significantly.
But if there was a crash, it was particularly bad. In the crashes of the Malaysia aircraft MH370 in spring 2014, the Malaysia flight MH17 in July 2014 and the Germanwings aircraft 9525 last March, a total of almost 700 people were killed. HDI Global (formerly HDI-Gerling), which belongs to the Talanx Group, was also part of the consortium of companies that had insured Germanwings and Malaysia Air. The announced withdrawal from the insurance of airlines would only apply to primary insurance with Talanx, it said. and not for the reinsurance business, which is handled by the subsidiary Hannover Re. Source: ntv.de, mbo / rts “Collecting game practice, that is Arne Maier’s plan. At Hertha BSC he does not get to the train as desired, so changes the midfielder to Arminia Bielefeld. The Berlin home grown is loaned, reports the “kicker”.
The 21-year-old had expressed his wish to change himself, but is currently injured in his knee. Source: ntv.de “He’s been sold several times and shouldn’t have a future at Bayern. Now, juggler Javi Martínez will probably stay with the record champions.
That reports “Sport1”. Hansi Flick had already commented on this on Sunday. “I assume that he will still be with us on Monday after 6 pm,” said the Bayern coach after the 4: 3 win against Hertha BSC. Previously, a return campaign by Martinez’s previous employer, Athletic Bilbao, came to an end because the Basques did not want to pay a transfer fee. Offers from the Arabian Peninsula also came to nothing. Source: ntv.de “This time you had a lot more time, but also a lot less money.
That is why the Bundesliga teams waited patiently on the transfer market and mostly shied away from taking the risk. There were therefore very few spectacular transfers overall. But one more might follow: a pack of four for FC Bayern, a few interesting new faces and some hopes that have been broken: even on the last day of the longest transfer period, most of it happened at the last minute. On the so-called “Deadline Day” there was a lot of activity and excitement.
And that although the transfer window in the Corona season was open for a total of 82 days instead of 63 days as in the previous year. After the transfer of Thiago substitute Marc Roca (23 / for nine million from Espanyol Barcelona), FC Bayern also made that of returnees Douglas Costa (30 / on loan from Juventus Turin), Eric Maxim Choupo-Moting (31 / most recently Paris Saint-Germain) and Bouna Sarr (28 / for ten million from Olympique Marseille) perfect. Coach Hansi Flick’s request for a broader squad was met, but some things seemed like a panic action or at least a stopgap solution after transfers like Callum Hudson-Odoi’s (Chelsea FC) had failed. “These weren’t all sustainable top-quality solutions,” said the long-time Bundesliga coach and manager Ralf Rangnick on Sky TV. The new frugality in Corona times was remarkable: After the record sum of 705 million euros in the previous summer, the first division clubs only spent 264 million this time until shortly before the goal was closed, according to calculations by the German Press Agency.
And since they took in at least 286 million – instead of 624 million in 2019 – they also made a surplus in contrast to the previous year. However, it does not include costs for the loan transactions. And there were extremely many of them this summer. This led to strange excesses.
If, for example, prominent players received a severance payment and were finally allowed to switch free of charge so that they no longer go on the payroll.