MLP SE Q2 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Philipp HS¯ler - Pareto Securities AS, Research Division - Analyst : Philipp HS¯ler from Pareto. I have 3 questions, please. Firstly, on your old-age provision business, which was very strong in Q2, you mentioned that the occupational pension business has recovered again in Q2. Could you maybe give us some more details, particularly the growth rate versus Q2 2020? And then secondly, performance fees in Q2, could you please quantify those? And last but not least, on the health insurance business, we saw an increase of 12% in the first half. Still, your outlook is relatively cautious. You expect a neutral development for the full year. Have there been any one-offs in the first half? Or why are you so cautious? Or is it may be linked to the general election we will have in September? Maybe you could shed some light on this.

Question: Philipp HS¯ler - Pareto Securities AS, Research Division - Analyst : Yes, it does. Only just a small follow-up on the occupational pension business. So would you say you're already back to normal there? Or is there still some catch-up potential in the next quarters? So are your corporate clients still relatively reluctant? Or is this not the case anymore?

Question: Philipp HS¯ler - Pareto Securities AS, Research Division - Analyst : Another follow-up question. You were mentioning the contribution from the project business in the first half, maybe you could quantify this also, how big was the contribution from the project business in H1 and if possible, split into Q1 and Q2?