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)