Talanx AG

TLX: TBSX (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 13, 2025

While Talanx's results look really good for quarter three, 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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