Friday 29 May 2015

Talanx report Q1 2015

Talanx, Q1, 2015, front page

Talanx which is one of my latest investments have also arrived with their Q1 report for 2015. The report is thicker (almost 90 pages) than what I like to see in quarter report. Short and dense those are the magic words for quarter reports.

The report in full you can find here (open the interim reports to find it) and to read my latest summary then click on Talanx annual report 2014 and to find out more regarding Talanx then go to analysis of Talanx 2015.

This time I only extracted the key figures and those can be seen below. There was an increase in premiums by 12% so that is very good news! The net left for us shareholders were up by 16% to 251 million €, which is also good news. The bad news does not show below but it is that the combined ratio went from 94.3% in Q1 2014 to 96.5% now in Q1 2015. I hope that they will manage to get their costs under better control at the same time as they need to pay out accordingly so that they will not start to lose policy holders due to them feeling unfairly treated. The balance needs to be well cared for!

Talanx, Q1, 2015, key figures

Conclusion: Talanx is off to a good start in this first quarter of 2015 and as a shareholder in Talanx I am looking forward to the book value increase coming from not only retained earnings but also from them having a successful investment portfolio. I will of course remain as a shareholder in Talanx.

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