Roman Sigaev/shutterstock.com_112302332/HDI Global SE

20 August 2024Insurance

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”.

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