26/05/2025
Corporate & Specialty insurer HDI Global SE has reported positive financial results for the first quarter of 2025 with growth in both revenue and earnings. Main drivers were growth in new business and partly inflation-related price adjustments. The combined ratio after three months stands at 91.1 (3M 2024: 91.8) percent. Insurance revenue rose to EUR 2.6 (2.3) billion. Operating profit (EBIT) increased to EUR 195 (140) million and net income rose to EUR 141 (104) million.
“Despite a significant number of large losses, we have made a promising start into 2025 and are confident for the remainder of the year”, says Dr Edgar Puls, CEO HDI Global SE.
Insurance revenue at HDI Global rose by 10 percent in the first quarter (9 percent adjusted for currency effects) to EUR 2.6 (2.3) billion. Growth was due in the first instance to new business but also in part to inflation-related price adjustments to the existing portfolio. The insurance service result jumped 19 percent to EUR 229 (192) million, largely as the result of an improved frequency loss ratio. Large loss payments climbed year-on-year to EUR 105 (17) million but undershot the pro rata budget for the period, which was recognised in full, by EUR 21 million. The combined ratio improved to 91.1 (91.8) percent.
“If you look at the wildfires in California, the first quarter clearly underpinned the increased severity of natural catastrophes and once again highlighted the importance of prevention to mitigate the consequences of these events for companies and societies alike”, Puls comments. “As a Partner in Transformation, we offer tailor-made insurance solutions and innovative services to show companies how to deal with climate change and the increasing risk of natural catastrophes, like extreme weather events, rising temperatures, and more frequent heavy rainfall. In 2024, we launched Climate Consulting, an innovative service that not only analyses a company’s risk exposure but also offers actionable recommendations that enhance climate resilience.”
“We as HDI Global can play a pivotal role in making companies more resilient. To be able to fulfil our role as the Partner in Transformation for industries worldwide, we need to be financially strong and resilient. The recent upgrade to AA- (very strong) by S&P ratings underlines this”, Puls says. The net insurance financial and investment result of HDI Global before currency effects stood at EUR 49 (47) million after three months and remained thus on par with the prior-year period. The strong insurance service result was enhanced by an improvement in the investment result, lifting the operating profit to EUR 195 (140) million and the contribution to the Talanx Group net income to EUR 141 (104) million.
“With our stable performance in 2025 to date, we laid the foundation to be a reliable partner for our clients and broker partners. I want to thank our more than 5,000 employees for that. Thank you as well to our broker partners and clients for your continued trust”, Puls says.