HDI Global, the Corporate & Specialty unit of Talanx Group, posted net income of €141m for the first quarter of 2025 (Q1 2025), 35.6% up from €104m in the same quarter the previous year.  

The company attributed the growth to new business as well as “inflation-related price adjustments”. 

The insurance service result reflected a 19% year-on-year increase to €229m, primarily due to an improved frequency loss ratio. 

The company stated that an uptick in the investment result has strengthened the insurance service result, leading to higher operating profit (EBIT).  

Consequently, EBIT climbed to €195m in Q1 2025 from €140m a year earlier.  

For the three months ending 31 March 2025, the combined ratio has improved slightly to 91.1% from 91.8% in Q1 2024. 

Insurance revenue at HDI Global increased by 10% in Q1 to €2.6bn, compared with €2.3bn in Q1 2024.  

HDI Global SE CEO Edgar Puls said: “With our stable performance in 2025 to date, we laid the foundation to be a reliable partner for our clients and broker partners. I want to thank our more than 5,000 employees for that. Thank you as well to our broker partners and clients for your continued trust.”  

Although there was an increase in large loss payments to €105m in Q1 2025 from €17m the previous year, these payments fell short of the pro rata budget for the period by €21m. 

Puls added: “If you look at the wildfires in California, the first quarter clearly underpinned the increased severity of natural catastrophes and once again highlighted the importance of prevention to mitigate the consequences of these events for companies and societies alike. 

“Despite a significant number of large losses, we have made a promising start into 2025 and are confident for the remainder of the year.” 

Meanwhile, parent company Talanx Group registered net income attributable to shareholders of €604m in Q1 2025, up 5% from €576m in Q1 2024.