Profit grows 24% for HDI Global in 2025’s half-year financial results

Insurer HDI Global saw its group operating profit reach €377m (£325m) for the first half of 2025, up 24% from €305m (£262m) for the same reporting period last year.

The insurer, which is the corporate and specialty arm of the Talanx Group, published its 2025 half-year financial results today (19 August 2025), revealing that its insurance service result has remained largely flat year-on-year, climbing just €1m (£0.86m) to €430m (£371m).

Its combined operating ratio (COR), meanwhile, worsened very slightly between 2024 and 2025 – from 91.1% to 91.6%.

Large loss payments rose 11% between 2024’s H1 and the first six months of this year, to reach €142m (£122m). HDI Global said this was “well below the pro rata budget of €253m (£218m)”, however.

The firm reported that all lines of business had contributed to its increased profit for 2025’s first half, suggesting that its results were largely due to growth in new business.

Long-term focus

Stephanie Ogden, chief executive at HDI Global UK and Ireland, said: “As broader market conditions continue to test the industry, HDI is leaning into the challenge, focused on delivering propositions that meet the evolving needs of our clients and brokers for the long term.

“Recent senior appointments across core functions and product lines, including cyber, captives and international programmes, are already making a difference, injecting fresh energy and new perspectives in three of our fastest growing areas.”

These new hires include May 2025’s appointment of Phil McDowell as global sales and distribution lead for international programmes and captives, the addition of Marcus Breese in March 2025 as head of cyber underwriting and Geoff Godwin’s February 2025 appointment as chief operating officer for UK and Ireland.

Ogden continued: “We’re seeing strong growth across key segments, notably property and accident and health. Our recent upgrade to an AA- financial rating has further enhanced our already impressive credit and political risk proposition.

“Looking ahead, the launch of our new UK subsidiary, HDI Global UK Limited, marks a pivotal step in our strategy. It enables us to continue growing core business lines that fall within the scope of the Financial Services Compensation Scheme (FSCS) and reinforces our commitment to long-term, profitable growth in the UK market.”