Corporate and professional insurance company HDI Global disclosed its first quarter 2026 results. Net profit increased by 8% to 152 million euros, and the combined ratio increased to 91%, in line with expectations for the full year to be below 92%.
HDI Global said the key drivers behind these results were disciplined underwriting, good large loss experience and strong contribution from investment income.
It is worth noting that HDI Global’s insurance revenue in the first quarter of 2026 remained basically stable year-on-year at 2.5 billion euros, while insurance service performance was also stable at 224 million euros.
Meanwhile, huge loss payments for the first quarter of 2026 amounted to €58 million, well below the pro-rata budget for the period, which HDI Global said was fully recognized and came in €92 million short of budget.
The company’s net insurance, finance and investments results before currency effects rose to €99 million in the first quarter from €49 million, reported to be supported by positive one-off measurement effects, higher recurring interest income and a broadened investment base.
Dr. Edgar Puls, CEO of HDI Global, commented: “Overall, our first quarter results reflect our profitable start to the year amid challenging market conditions.
“Earnings developments reflect our disciplined and selective underwriting approach and are also affected by currency fluctuations, particularly those of the U.S. dollar.
“Beyond this, our profitability remains strong, driven by strong insurance services performance, stable investment income and favorable large loss experience. The underutilization of our large loss budget provides an additional cushion as we enter the upcoming natural disaster season.
“We are fully on track to achieve our full-year guidance and enter the remainder of the year with confidence. At the same time, HDI Global will remain disciplined and prudent in an environment of continued uncertainty.
“With the latest evolution of our Board’s responsibilities, and the Xcelerate29 strategy’s clear focus on excellence, we are well positioned to deliver tangible added value to our clients around the world.
“We continue to achieve this by combining our global reach, forward-thinking and strong technical excellence at the core of our business.
“I sincerely thank our employees for their tremendous dedication and our clients and brokerage partners for their continued trust in us as their reliable and preferred transformation partner.”
