FRANKFURT, Oct 15 (Reuters) - German insurer Talanx suffered an unusual spike in industrial property insurance losses in the third quarter, weighing on earnings this year, it said on Monday.
The third-quarter loss before taxes in the Industrial Lines Division will be more than 100 million euros ($116 million), it said.
Talanx added it now expected 2018 group net income of around 700 million euros, down from a previous target of around 850 million euros, but that 2019 net income would again rise to about 900 million.
The company is due to release detailed nine-month results on Nov. 12.
$1 = 0.8639 euros Reporting by Ludwig Burger; Editing by Mark Potter