HDI Global reports 2023 growth with UK and Ireland boost

euros-2

Talanx Group-owned HDI Global has reported growing insurance revenue by 10% to €9.1bn (£7.8bn) in 2023 as it highlighted expansion in the UK and Ireland.

The Germany based multi-national industrial insurer flagged that stripping out the effect of currency fluctuations the growth was actually 12%.

It detailed the revenue increase was mainly driven by property and liability business as the combined operating ratio improved year-on-year from 93% to 91.5%.

The insurance service result ticked up by €196m to €770m on the back of higher interest rates, a low level of frequency losses, and low large losses, HDI continued.

Service to brokers

The insurer

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: