HDI Global lifts Q1 2026 net income 8% to $240m

Underwriting and investment income supported the result.

HDI Global’s net income for the first quarter of the year (Q1 2026) rose by 8% year-on-year (YoY) to $240.1m (EUR207m), driven by underwriting, favourable large loss experience, and a strong contribution from investment income.

“Overall, our first-quarter performance reflects a profitable start to the year in a demanding market environment,” said Dr Edgar Puls, CEO of HDI Global.

Its operating profit (EBIT) increased to $23.2m (EUR20m). Insurance revenue remained “broadly level” with the prior-year period at $2.9b (EUR2.5b).

The combined ratio improved slightly to 91.0% and remains in line with the expectation of a full-year figure below 92%.

HDI Global reported higher revenue and earnings for 2025, supported by new business growth, disciplined underwriting and pricing adjustments linked to inflation.

In a statement last March, the insurer said its Australian business played a key role in performance across Asia-Pacific (APAC), driven by profitable growth and expansion in international programmes.

($1.00 = EUR0.86)