Corporate & Specialty insurer HDI Global, part of the Talanx Group, has reported positive financial results for 2025, with insurance revenue increasing 5%, to €10.3 billion, after adjustment for currency effects.
According to the insurer, the growth was primarily driven by new business and inflation-related price adjustments within existing business.
Dr Edgar Puls, CEO of HDI Global, said: “With the collective effort of more than 5,500 employees, HDI Global delivered positive full-year results for 2025, with momentum driven by growth in new business and inflation-related price adjustments in the existing portfolio. My sincere thanks go to our clients and broker partners for their trust.
“Our performance reflects the value they place on our technical depth, speed, and long-term solutions. By combining financial strength with specialist services, we deliver bespoke outcomes and help reduce protection gaps. With comparatively moderate natural catastrophe activity during the year, large losses were below budgeted expectations. At the same time, we maintained a strong focus on sharpening performance, especially in the Specialty segment.”
While large loss payments increased slightly to €426 million, this figure was substantially lower than the budgeted amount, falling short by €125 million. Despite this, the insurance service result held steady at €997 million.
HDI’s 2025 combined ratio benefited from low frequency losses, and at 90.3% it was within the expectation of less than 92% for the full year.
The net insurance financial and investment result before currency effects rose due to a higher investment volume to €102 million.
Operating profit, or EBIT (Earnings Before Interest and Taxes), was lifted by 4% to €732 million, with HDI Global’s contribution to Talanx Group net income increasing by 10% to €551 million.
Dr Puls added: “Strong profitability and capital strength enable us to be a reliable Partner in Transformation for our clients and brokers – especially as systemic risks continue to evolve. The upgrade of HDI Global’s financial strength rating to AA- further underscores the robustness of our Group.
“With our Xcelerate29 strategy, we are accelerating international expansion, raising excellence in our core business, and building a forward-thinking organisation. We are strengthening process excellence and driving AI augmentation to boost efficiency and quality in underwriting and claims, creating an organisation that is human driven and AI-powered. I am truly proud of and grateful to our more than 5,500 colleagues worldwide whose curiosity, dedication, and client-centric mindset make a real difference every day.”
