Reuters logo
5 months ago
BRIEF-Talanx hikes outlook sees net income of around 800 mln EUR
March 20, 2017 / 6:48 AM / 5 months ago

BRIEF-Talanx hikes outlook sees net income of around 800 mln EUR

March 20 (Reuters) - Talanx

* Sees 2016 net return on investment unchanged at 3.6 (3.6) percent

* Gross written premiums at eur 31.1 (31.8) billion, generally stable when adjusted for currency effects

* EBIT rises 5.4 percent to eur 2.3 (2.2) billion

* Proposed dividend of eur 1.35 (1.30): continuous increase since IPO

* Outlook for 2017 revised upwards in February: group net income of around eur 800 million expected

* Talanx group expects gross premium growth of more than 1.0 percent for 2017, based on steady exchange rates

* Net return on investment should reach at least 3.0 percent and the return on equity over 8.0 percent. Group net income should be around eur 800 million in 2017

* It is intended for the financial year 2017 to pay out 35 to 45 percent of group net income as dividends. Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below