Talanx with nearly PLN 1 bln net profit
13:15
German Insurer Talanx reported a consolidated net profit of €769 million, compared with €732 million in the previous year.
The company's operating profit stood at €1.89 million, versus €1.76 million in 2013.
Gross premiums written amounted to €28.99 million in 2014, compared with €28.15 a year earlier.
Talanx acquired TU Europa from Leszek Czarnecki's financial group at the end of 2011 and purchased the Warta insurer from Belgian group KBC in 2012. The company currently owns four insurers in Poland: TUiR Warta, TUnŻ Warta, TU Europa and TU na Życie Europa, it also indirectly controls Open Life. It has been listed on the WSE since 2014.
