HDI Global SE reported a strong start to 2025, with net income for the first quarter rising 35.6% year-on-year (YoY) to $159.3 million (€141 million). The insurer’s robust performance was driven by both business growth and inflation-related price adjustments.
Insurance revenue climbed 10% YoY to $2.9 billion (€2.6 billion), or 9% when adjusted for currency fluctuations. Operating profit saw a significant boost, increasing to $220.35 million (€195 million) from $158.2 million (€140 million) during the same period last year. Meanwhile, the combined ratio—a key measure of underwriting profitability—improved slightly to 91.1% from 91.8%, despite a notable rise in large-loss claims to $118.65 million (€105 million), up from $19.21 million (€17 million) in Q1 2024. Still, the large-loss figure remained $23.73 million (€21 million) below the company’s pro rata budget for the quarter.
HDI Global’s insurance service result increased 19% YoY to $258.77 million (€229 million), reflecting an improved frequency loss ratio. The insurer’s investment and insurance financial result, excluding currency effects, was $55.37 million (€49 million), largely steady compared to $53.11 million (€47 million) in the prior year.
CEO Dr. Edgar Puls acknowledged that the quarter experienced continued large-loss activity but expressed confidence in the company’s outlook for the remainder of 2025.
This performance underscores HDI Global’s resilience and effective business insurance coverage strategies amidst inflationary pressures and evolving market dynamics.
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