Talanx AG (XTER:TLX)

€ 82.65 -2.45 (-2.88%) Market Cap: 21.34 Bil Enterprise Value: 32.43 Bil PE Ratio: 11.54 PB Ratio: 1.93 GF Score: 61/100

Q3 2024 Talanx AG Earnings Call Transcript

Nov 14, 2024 / 08:00 AM GMT

Release Date Price: €78 (+6.78%)

Transcript

Key Points

Positve

Talanx AG (WBO:TLX) reported a strong revenue growth of 12% for the first nine months of 2024, with a significant contribution from the acquisition of Liberty's Latin American business.
The company's bottom line grew by 24%, demonstrating strong profitability and a return on equity of nearly 20%.
Primary insurance was a key driver of growth, with a 20% increase in revenues, and reinsurance contributed an additional 6% to overall growth.
The company increased its group net income guidance for 2024 from above 1.7 billion to above 1.9 billion, reflecting confidence in its financial performance.
Talanx AG (WBO:TLX) has a strong solvency ratio of 220%, indicating a robust financial position and ability to manage future uncertainties.

Negative

The company faced elevated large loss developments in 2024, with significant losses from flooding events totaling over 750 million EUR.
Retail Germany is experiencing headwinds, particularly in the P&C segment, with claims ratios needing improvement.
The German insurance market is currently soft, requiring significant price adjustments to return to profitability.
The company anticipates further large losses in the fourth quarter, including impacts from Hurricane Milton and floods in Spain.
Despite strong overall performance, the retail Germany segment's contribution to group net income is only 7%, indicating underperformance relative to other segments.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TLXGn.DE - Talanx AG
Q3 2024 Talanx AG Earnings Call
Nov 14, 2024 / 08:00AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good morning from Hanover and this is Ts Ideco for the first nine months in the third quarter of financial year 2024. I'm here together with my CFO Jan Wicker who will take you through our numbers and answer all the questions you may have based on the positive feedback we receive. We felt encouraged to continue doing this in a video format, but please appreciate that this is still sort of trial and error thing. So any feedback, you have to make it more efficient and more convenient for you after the call is highly vacant for the Q&A session, you can activate the hand free phrase feature so that we are aware that you have a question and I will somehow moderate then through your questions. As usual, all the documents you will find in the investor

Already have an account? Log in

Get the full story

Start 7-Day Free Trial

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

You are not charged until the trial ends. Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.