"We are free from further extraordinary writedowns in the German life business for at least the next decade," Talanx Chief Executive Herbert Haas told a conference call with journalists on Wednesday.

Talanx shares were slightly positive at 0715 GMT, outpacing a 1.7 percent decline in the MDAX index <.MDAXI> of German mid-cap companies.

Quarterly net profit fell by more than expected to 60 million euros ($66 million) in the second quarter, as a rise in premiums and investment income failed to offset the impact of a 155 million euro goodwill writedown announced last month.

Analysts on average had expected quarterly net profit of 78.7 million euros, down from 165 million in the year-earlier quarter, a Reuters poll of banks and brokerages showed.

The goodwill impairment on its life insurance business prompted Talanx to cut its group net profit target for 2015 on July 28, saying it expected to earn between 600 million and 650 million euros compared with a previous goal of at least 700 million.

(Reporting by Jonathan Gould; Editing by Andreas Cremer and Maria Sheahan)