The insurance group Talanx (HDI) is becoming more optimistic despite the damage caused by the flood disaster in Europe. The surplus is likely to reach the upper end of the previous target range of 900 million to 950 million euros this year, announced the MDax-listed company on Monday. In 2022, CEO Torsten Leue wants to go higher: He is then aiming for a net profit of 1.05 billion to 1.15 billion euros.
Hanover - In the third quarter, Talanx suffered a decline in profits due to damage from natural disasters.
The surplus fell compared to the same period last year by nine percent to 177 million euros.
Together with its subsidiary Hannover Re, the group recorded losses of more than one billion euros as a result of the flood disaster in Germany and several neighboring countries.
However, since the group had insured a large part of the risks with other companies itself, it only had to bear 321 million euros of this.
dpa