Corporate & Specialty insurer HDI Global has disclosed its Q1 2026 results, reporting that net income rose by 8% to €152 million, while its combined ratio improved to 91%, in line with the expectation of a full-year figure below 92%.
According to HDI Global, the main drivers behind these results were disciplined underwriting, favourable large loss experience, and a strong contribution from investment income.
Notably, HDI Global’s Q1 2026 insurance revenue remained broadly stable year on year at €2.5 billion, while the insurance service result also held steady at €224 million.
Meanwhile, at €58 million, large loss payments in Q1 2026 were significantly below the pro rata budget for the period, which, HDI Global said, had been fully recognised, undershooting it by €92 million.
The firm’s net insurance, financial, and investment result before currency effects in the opening quarter of the year was €99 million, up from €49 million, reportedly supported by positive one-off measurement effects, higher recurring interest income, and an expanded investment base.
Dr Edgar Puls, CEO of HDI Global, commented, “Overall, our first-quarter performance reflects a profitable start to the year in a demanding market environment.
“Top-line development reflects our disciplined and selective underwriting approach and was also affected by currency movements, particularly from the US dollar.
“Alongside this, our profitability remains robust, supported by a strong insurance service result, solid investment income and a favourable large loss experience. The underutilisation of our large loss budget provides an additional buffer as we move into the upcoming natural catastrophe season.
“We are fully on track to meet our full-year result guidance and enter the remainder of the year with confidence. At the same time, HDI Global will maintain a disciplined and prudent approach in an environment marked by ongoing uncertainties.
“With the recent evolution of our Board responsibilities and the clear focus on excellence under our Xcelerate29 strategy, we are well positioned to deliver tangible added value to clients worldwide.
“We constantly achieve this by combining our global reach, a forward-thinking mindset, and strong technical excellence at the core of our business.
“My sincere thanks go to our employees for their great dedication, and to our clients and broker partners for their continued trust in us as their reliable and preferred Partner in Transformation.”
