Talanx AG

TLX: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Talanx Earnings: We Remain Skeptical Despite Another Good Delivery

Henry Heathfield

Nov 17, 2025

While Talanx's results look really good for the third quarter, and the business has raised guidance on the back of this, we think the main strong performance has come from its majority stake in Hannover Re.

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Talanx AG

Talanx Earnings: We Remain Skeptical Despite Another Good Delivery

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