Corporate and Specialty insurer HDI Global has reported ongoing growth in both revenue and net income for its nine-month results.
The key factors contributing to these positive outcomes were an increase in new business and price adjustments related to inflation. HDI Global played a significant role in the 9m results of the Talanx Group.
Adjusted for currency effects, insurance revenue increased by 6% to EUR 7.6bn (up from EUR 7.3bn in 9m 2024), reflecting a 4% rise in nominal terms.
The insurance service results totalled EUR 638m, while large loss payments were EUR 314m, slightly below the pro-rata budget of EUR 424m.
The combined ratio improved to 91.6% (from 90.5%), benefiting from a reduction in frequency losses and remaining within the full-year expectation of less than 92%. The net insurance financial and investment result, before currency effects, rose to EUR 147m (up from EUR 65m), driven by higher investment volumes and increased current interest income. EBIT increased by 15% to EUR 551 million (up from EUR 479m) and return on equity rose to 16.9% (from 16.4%). HDI Global’s contribution to Talanx Group net income grew by 13% to EUR 409m (up from EUR 362m).
“HDI Global delivered positive 9-month results, with momentum driven above all by new business. hat is particularly satisfying because it shows that clients and brokers value how we work: close to their needs, with technical depth, fast service and solutions that stand the test of time. We successfully combine our financial strength with expertise across risk management, international programmes, captive solutions and claims services – delivering bespoke solutions rather than standardised responses,” said HDI Global SE CEO Dr Edgar Puls.