HDI Global has reported insurance revenue of €10.3 billion for 2025, up 5% year-on-year on a currency-adjusted basis, supported by new business growth and inflation-related pricing increases across its portfolio.
The corporate and specialty insurer, part of Talanx Group, said the result reflects continued strong demand in specialty lines alongside disciplined underwriting and stable market conditions.
CEO Edgar Puls credited the performance to the efforts of more than 5,500 employees and strong collaboration with clients and broker partners. He highlighted that technical expertise, speed, and tailored solutions remain central to the company’s value proposition.
Large loss payments increased slightly to €426 million but remained €125 million below budget expectations, helped by comparatively moderate natural catastrophe activity during the year. As a result, the insurance service result remained stable at €997 million.
HDI Global’s combined ratio improved to 90.3%, supported by low-frequency large losses and continued underwriting discipline. Operating profit (EBIT) rose 4% to €732 million, while the insurer’s contribution to Talanx Group net income increased 10% to €551 million.
Net insurance financial and investment results before currency effects also rose to €102 million, driven by higher investment volumes.
Alongside its financial performance, HDI Global continues to push forward with its “Xcelerate29” strategy, focused on international expansion, operational excellence, and digital transformation.
A key pillar of the strategy is the growing use of artificial intelligence across underwriting and claims, with the insurer positioning itself as a “human-driven and AI-powered” organisation aimed at improving efficiency, consistency, and decision quality.
As insurers face increasing pressure from climate volatility, inflation, and evolving specialty risks, HDI Global’s results underline how disciplined underwriting combined with AI-enabled transformation is becoming central to maintaining profitability and long-term competitiveness.
