Talanx industrial lines unit sees over 40% rise in profit to EUR86mn
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Talanx industrial lines unit sees over 40% rise in profit to EUR86mn

Abbie Day
15 May 2023
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Talanx reported a 43% rise in profit to EUR86mn ($94mn) in its industrial lines operations for the first quarter of 2023, as the unit benefited from lower total large losses and an improved frequency loss ratio.

The group reported its Q1 results using the IFRS 17/9 accounting standards for the first time. Talanx said that, across the group, it saw lower large losses, and generally benefited from unwinding and discounting effects of the new accounting...

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