May 15, 2017 / 5:44 AM / 2 months ago

Talanx sticks with outlook as Q1 net profit beats consensus

1 Min Read

FRANKFURT, May 15 (Reuters) - German insurer Talanx posted first-quarter net profit that was above expectations and confirmed it was on track to meet its earnings target for the full year.

Group net profit rose 7.2 percent to 238 million euros ($260 million), up from 222 million euros a year earlier.

Analysts had on average expected a fairly flat profit of 220 million euros, according to a Reuters poll.

$1 = 0.9147 euros Reporting by Tom Sims; Editing by Maria Sheahan

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