"" HDI Global, a Germany-based corporate and specialty insurer, has reported a combined ratio of 90.7% for the first half of 2026, a 0.9 percentage point improvement from the same period last year.
The company's insurance service result grew 8% year over year to €465 million, while large loss payments declined to €92 million, €209 million below the pro rata budget for the period.
HDI Global attributed the stable insurance revenue of €5 billion to currency effects and disciplined underwriting practices. Operating profit rose to €381 million from €377 million in the first half of 2025.
The company's contribution to parent company Talanx Group's net income increased 7% to €292 million ($338.3 million) in the six-month period.
Key Statistics:
- Combined ratio: 90.7%
- Insurance service result: €465 million (up 8% year over year)
- Large loss payments: €92 million (down €50 million from prior year)
- Operating profit: €381 million (up €4 million from prior year)
- Insurance revenue: €5 billion (stable year over year)
Background: HDI Global's improved combined ratio reflects the company's efforts to manage large loss payments and maintain disciplined underwriting practices. The company's insurance service result growth is also a positive sign for the industry.
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