FRANKFURT Aug 14 German insurer Talanx's
net profit fell by more than expected in the second
quarter, hit by a drop in income earned from investments, while
gross premiums rose slightly.
Quarterly net profit fell 19 percent to 165 million euros
($220 million), compared with a 174 million euro average of
forecasts in a Reuters poll of banks and brokerages.
Net profit was 204 million euros in the same quarter last
year, helped by investment income gains from the sale of shares
in insurer Swiss Life.
(1 US dollar = 0.7487 euro)
(Reporting by Jonathan Gould; Editing by Maria Sheahan)