Talanx with €225 mln Q2 net profit

WSE-listed insurance group Talanx posted a €225 million net profit in Q2 (vs €181 million the year before) according to the company's financial results, raising the H1 profit to €463 million. “All departments contributed to a satisfactory increase in the result, particularly the retail segment in Germany and industrial lines. Contributions from premiums improved by 6.9 percent and amounted to €16.4 billion in the first half of the year. This increase can be attributed mainly to property and casualty reinsurance, to industrial lines and to the international retail segment,” Talanx said in a market filing. German insurance group owns several Polish insurers, including TUnŻ Warta and TU Europa.