HDI boosts H1 profits; outlook ‘positive albeit cautious’

HDI Global SE, the industrial lines division of Talanx Group, boosted its net profit contribution to the group to €223 million in H1 2024, driven by an improved combined ratio. However, with nat cat-related losses accounting for the majority of large losses and a strong hurricane season anticipated, it said the outlook for the second half of the year remains “positive albeit cautious”.