HDI Global’s Q1 2025 earnings jump 35.6% YoY

Performance was also driven by business growth and inflation-related adjustments. 

HDI Global SE’s first quarter (Q1 2025) net income climbed 35.6% year-on-year (YoY) to $159.3m (€141m).

The insurer’s Q1 2025 performance was also driven by business growth and inflation-related price adjustments. 

HDI Global CEO Dr. Edgar Puls noted that the quarter was marked by continued large-loss activity but said the company remained confident for the rest of the year.

Insurance revenue rose 10% YoY to $2.9b (€2.6b), or 9% after adjusting for currency effects. Operating profit increased to $220.35m (€195m) from $158.2m (€140m) in the same period last year.

The combined ratio improved slightly to 91.1% from 91.8%, despite a rise in large-loss claims to $118.65m (€105m) from $19.21m (€17m). 

However, the figure remained $23.73m (€21m) below the pro rata budget for the quarter.

The insurer’s insurance service result rose by 19% YoY to $258.77m (€229m), attributed to a better frequency loss ratio.

The company’s investment and insurance financial result before currency effects reached $55.37m (€49m), largely unchanged from $53.11m (€47m) a year ago.

($1.00 = €0.88)