Janux stock plunges after hours following mCRPC trial data
Investing.com -- Talanx lifted its medium-term profit ambitions after a strong nine-month performance, saying it now expects to reach €2.7 billion in net income in 2026, a year ahead of its previous target.
The upgrade marks a sizeable step up from the insurer’s earlier goal of €2.5 billion by 2027 and sits about 5% above current consensus expectations, according to Morgan Stanley.
"This comment alone should be very well received by the shares today," the bank’s analyst Hadley Cohen said.
Talanx shares were up nearly 4% as of 10:22 GMT.
Nine-month net income rose to €1.96 billion, slightly ahead of consensus, supported by what Cohen described as stronger underlying quality than the headline result suggests.
Management also raised its 2025 net income guidance to above €2.4 billion, a figure the market already expected, though Cohen believes it still looks beatable depending on fourth-quarter conservatism.
Solvency of 233% came in ahead of estimates.
Primary insurance operations delivered broadly in-line results. Commercial & Specialty posted a combined ratio of 91.6%, matching expectations, with around 6% underlying growth despite some FX drag on the top line.
Retail International also tracked consensus, while German Retail showed a notably strong operating result, helped by an 87.4% combined ratio and unused large-loss reserves that analysts view as an additional buffer. A one-off tax effect diluted the bottom line in the German unit, but analysts said the outlook from here should improve.