Industrial insurer HDI Global delivered a solid financial performance during the first half of 2026, recording a seven per cent rise in net profit underpinned by resilient technical underwriting and higher returns across its investment portfolio. The corporate and specialty insurance entity generated a net income of $249.6 million (€292 million) for the six-month period, up from the $234.2 million (€274 million) booked in the corresponding half of the previous year.
Core underwriting metrics across the insurer’s international commercial and specialty operations demonstrated healthy gains. The combined ratio—a standard industry benchmark where figures below 100 per cent indicate technical underwriting profitability—improved to 90.7 per cent, compared with 91.6 per cent recorded in the prior-year period. Supported by this improvement, the insurance service result climbed eight per cent to $397.4 million (€465 million), advancing from $367.5 million (€430 million) achieved twelve months earlier.
Operating profit, measured as earnings before interest and taxes (EBIT), remained broadly stable despite prevailing macroeconomic headwinds. Operating earnings stood at $325.6 million (€381 million), slightly ahead of the $322.2 million (€377 million) reported in the opening half of 2025.
Gross turnover experienced a modest contraction as the firm favoured risk selectivity over aggressive expansion. Insurance revenue softened to $4.3 billion (€5.0 billion) from $4.4 billion (€5.1 billion) a year earlier. Company executives attributed this movement primarily to foreign exchange fluctuations and a deliberate policy of maintaining disciplined terms across complex corporate coverage.
Capital market activities delivered a notable boost to overall profitability. The net insurance financial and investment result before currency adjustments reached $144.4 million (€169 million), up from $84.6 million (€99 million) in the first half of 2025. This surge was propelled by higher investment volumes and stronger recurring interest income amid a favourable yield environment.
Evaluating the mid-year trajectory, HDI Global Chief Executive Dr Edgar Puls noted that the figures demonstrate the strength of the group’s disciplined underwriting and the overall quality of its portfolio. While maintaining an optimistic view for the remainder of the financial year, Puls highlighted that potential volatility from the Atlantic hurricane season and major natural catastrophe claims could influence performance in the second half. The carrier plans to sustain strict pricing oversight across commercial property, marine, liability, and specialty risks.
