HDI Global revenue hits $11b milestone as EBIT rises 10% YoY

Earnings before interest and taxes (EBIT) climbed to $758m.

HDI Global SE’s insurance revenue expanded 10% year-on-year (YoY) to $10.8b (€10b), marking the first time the company reached this milestone.

Earnings before interest and taxes (EBIT) climbed to $758.16m (€702m), whilst return on equity (RoE) increased to 17.6% from 14.3%.

HDI Global’s contribution to Talanx Group’s net income rose to $541.08m (€501m) from $379.08m (€351m).
Adjusted for currency effects, revenue growth stood at 11%. The insurance service result rose to $1.08432b (€1.004b), supported by an improved loss ratio for frequency losses.

Large loss payments increased to $434.16m (€402m) but remained below the budgeted $505.44m (€468m) due to fewer man-made losses. However, natural catastrophe losses exceeded budget, reflecting the ongoing trend of rising claims in this area.

The insurer’s Singapore branch contributed to the positive performance, focusing on service expansion and offering a comprehensive product range to local clients.

Managing director and principal officer of HDI Global Singapore, Alex Tarantino, highlighted the company’s strategic expansion in the Asia-Pacific region.

He noted the establishment of the Energy Hub to support clients in the transition to renewable energy, the launch of new products such as Political Risk insurance, and the opening of a Dubai office in the DIFC to enhance client proximity.

HDI Global also expanded its International Programme capabilities in APAC, now managing 30 international programmes to help clients navigate regional regulatory requirements.

Looking ahead to 2025, Tarantino expects continued growth in Singapore and the broader APAC market, with rising demand for risk coverage creating new business opportunities.

He emphasised the expansion of HDI Global’s Energy Hub, the exploration of new product lines, and the company’s strong position in the Property and Engineering portfolio.

The insurer also aims to strengthen its presence in Malaysia, Thailand, and Indonesia whilst further developing its International Programme and Alternative Risk Transfer services.

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