HDI Global reports 2023 growth with UK and Ireland boost
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.
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