HDI Global reports 91.6% H1 combined ratio, revenue rises to 5.1 billion euros

By Ashish Tiwari

Aug 18 - (The Insurer) - Germany-based insurer HDI Global SE reported a combined ratio of 91.6% for the first half of 2025 on Tuesday, with large losses of 142 million euros ($166 million) falling well below the budgeted 253 million euros.

The combined ratio was a deterioration of 0.5 percentage points from the 91.1% reported for the first half of 2024.

Insurance revenue for the half-year rose to 5.1 billion euros from 4.8 billion euros in H1 2024, an 8% increase on a currency-adjusted basis, while operating profit, also known as earnings before interest and taxes, rose 24% to 377 million euros, up from 305 million euros a year ago.

The corporate and specialty insurer’s return on equity rose by 1.7 points to 17.4% in H1.

The rise in profits was underpinned by growth across all lines and the reduction in large loss payments.

HDI Global’s UK & Ireland branch contributed to the group's growth with investments in key services, new senior appointments and a new branch structure.

Stephanie Ogden, CEO of HDI Global UK & Ireland, highlighted strong growth in property, accident and health, along with a rating upgrade to AA-minus.

Looking ahead, Ogden described the launch of HDI Global UK as “a pivotal step in our strategy”, saying it would enable continued growth in core business lines.

HDI Global SE generated gross insurance revenue of around 10.0 billion euros in 2024.