Talanx's GWP rise by 6.9%; combined ratio stable at 97%

Written by Adam Cadle

14/08/2017

Talanx's gross written premiums increased by 6.9 per cent to €17.6bn in the first half of the year and the group's combined ratio remained largely stable at a level of 97 per cent.

Due to performance being "better than expected", Talanx is raising its outlook for group net income in 2017 from around €800m to €850m.

Investment income increased by 6.2 per cent to €2.1bn with 3.7 per cent, the group achieved a slightly higher net return on investment.

"Overall, the performance in the reinsurance division in the first half of 2017 was satisfactory," the group said.

"The reinsurance division's contribution to group net income rose to €266m."

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