Talanx fourth-quarter profit falls by third due to Covid
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Talanx fourth-quarter profit falls by third due to Covid

Anna Sagar
15 March 2021
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Talanx fourth-quarter operating profit fell by around a third to EUR380mn ($528mn) as Covid-19 impacted industrial lines, P&C reinsurance and life and health reinsurance businesses.

Industrial lines profit: The division’s operating profit fell to EUR20mn from EUR26mn in 2019. Its performance was impacted by Covid-19 losses, which was partially offset by private equity distributions that buoyed net investment income.

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