HDI Global Australia surpassed 230 international programmes written out of the branch in the first half of 2026, while expanding its specialty lines and opening a representative office in Seoul. The branch also earned Top Insurance Employer of 2026 recognition from Insurance Business Australia, rated at least 75 per cent by its own employees.
At the group level, HDI Global's combined ratio improved to 90.7 per cent from 91.6 per cent a year earlier. Large loss payments fell to €92 million from €142 million over the same period. These are group-level results reported under IFRS 17/9.
"In the first half of 2026, HDI Global Australia has expanded its portfolio, regional footprint, and shown resilience amid a dynamic market environment," said Stefan Feldmann (pictured), head of HDI Global Asia-Pacific and managing director of HDI Global Australia. "Reaching more than 230 international programmes written out of Australia was a significant milestone, reflecting the trust placed in our team and our expertise in managing complex multinational risks. We also expanded our specialty offering through innovative solutions such as environmental impairment liability and film and production liability insurance, while continuing to strengthen our presence in Asia-Pacific, including New Zealand and the opening of our representative office in Seoul."
Insurance revenue held broadly stable at €5 billion, against €5.1 billion a year earlier. Currency effects and disciplined underwriting were cited as the primary factors. The insurance service result rose 8 per cent to €465 million from €430 million. Large loss payments came in €209 million below the pro rata budget, which the company said was recognised in full. Natural catastrophe losses remained below budget in the first half of the year, though man-made losses stayed elevated across all industries.
At the Talanx group level, total large loss payments of €942 million came in below the group's pro rata budget of €1.416 billion. That figure includes €200 million in reinsurance reserves recognised for potential losses linked to the Iran war, according to Talanx's H1 2026 results.
The net insurance financial and investment result before currency effects climbed to €169 million from €99 million. Higher investment volumes and increased current interest income drove the gain. Earnings before interest and tax held steady at €381 million.
HDI Global's contribution to Talanx Group net income rose 7 per cent to €292 million from €274 million.
"The first half of 2026 demonstrated the strength and resilience of HDI Global's business model," said Edgar Puls, chief executive officer of HDI Global SE. "Strong operational performance and disciplined execution enabled us to further improve our results, underscoring our strategic focus on underwriting excellence. The improvement in our insurance service result, combined ratio, and net income reflects the quality of our portfolio, prudent underwriting, and the commitment of our teams worldwide."
The parent group, Talanx, reported record first-half 2026 net income of €1.50 billion, up 9 per cent from €1.37 billion a year earlier. The Solvency II ratio strengthened to 246 per cent from 224 per cent. Talanx now anticipates full-year net income significantly above its original guidance of approximately €2.7 billion.
Feldmann said the outlook for the second half of the year is positive. He said the branch plans to accelerate growth in international programmes, specialty lines, captive solutions and renewable energy, in line with the Xcelerate29 strategy.
