HDI Global, a commercial and specialty lines insurer, reported insurance revenue of €5.1 billion for the first half of 2025, an 8% increase from €4.8 billion in the same period last year.
The company said its revenue and net income growth in H1’25 was driven by growth in new business across all lines.
The insurance service result remained stable at €430 million, compared to €429 million a year earlier.
Large loss payments rose to €142 million from €128 million, but remained well below the pro rata budget of €253 million.
HDI Global’s combined ratio was 91.6%, up from 91.1% in H1’24, but remained within the full-year expectation of less than 92%.
The net insurance financial and investment result before currency effects increased to €99 million from €68 million, reflecting higher investment volumes and an increase in current interest income.
Return on equity rose by 1.7 percentage points to 17.4% from 15.7%, while HDI Global’s contribution to Talanx Group net income rose 23% to €274 million from €223 million.
Operating profit totalled €377 million, up from €305 million.
Dr Edgar Puls, CEO of HDI Global SE, commented, “These positive results are a testament to our long-term strength and our role as a reliable partner across all sectors. Whether in Risk Management, Prevention, International Programmes, Captive Services, or Claims Services, we work closely alongside our partners. This support empowers them to make sustainable decisions and enhance their technical resilience in times of transformation. I would like to thank our broker partners and clients for their ongoing trust. I also extend my thanks to our more than 5,000 employees worldwide, whose commitment and dedication have been instrumental in achieving this strong outcome and in bringing our performance-driven culture to life every day.”
Key leaders in HDI Global also discussed the half-year results in specific regions, including Singapore, the US, Canada, and the UK & Ireland.
Alex Tarantino, Managing Director and Principal Officer at HDI Global Singapore, said, “In the first half of 2025, HDI Global Singapore has demonstrated robust resilience and adaptability, strengthening our Renewable Energy and Construction portfolios, and aligning perfectly with the region’s accelerating infrastructure and energy transition.
“Our Property book remains strong, amidst external pressures like the Thai earthquake. This resilience underlines the faith our clients have in our technical strength and strategic foresight. Additionally, our expanding International Programmes, where HDI is a global leader, showcase our global presence and capability. This resilience combined with financial strength make us the preferred Partner in Transformation for our clients.”
“In the first half of 2025, HDI Global made remarkable strides in the U.S. market”, says Jim Clark, CEO HGIC. “One of the major highlights was the introduction of our environmental liability product, catering to the evolving needs of our broker partners and clients. We also intensified our commitment to leveraging AI in our own processes to offer our partners even more efficient and individual service. These initiatives underscore our resilience and adaptability in a fast-changing landscape. Despite challenges, like unexpected losses within the sector of power and energy, our robust portfolio remains unaffected, enabling HDI Global to continue being the financially strong, long-term Partner in Transformation for our clients and brokers.”
“So far in 2025, HDI Global Canada has demonstrated its prowess as a robust and reliable partner”, says Klaus Navarrete, Managing Director at HDI Global Canada. “We have focused on fostering growth and solidifying relationships with our brokers and partners. The addition of key talents, like Mamoon Ali in Cyber, has broadened our liability offerings considerably as we emphasize our dedication to individual risk management solutions. Confronting challenges such as supply chain disruptions and the impact of wildfires, our unwavering commitment to our clients remains strong, while our robust financial results ensure we remain their steadfast long-term partner.”
“As broader market conditions continue to test the industry, HDI is leaning into the challenge, focused on delivering propositions that meet the evolving needs of our clients and brokers for the long-term”, says Stephanie Ogden, CEO of HDI Global UK & Ireland. “We’re investing in our people and bringing in top-tier talent to further strengthen our capabilities. Recent senior appointments across core functions and product lines, including Cyber, Captives, and International Programmes, are already making a difference, injecting fresh energy and new perspectives in three of our fastest-growing areas.”
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