HDI Global's Dubai office surpassed expectations in several segments and hired key talents to support its unabated growth ambitions in the MENA region, according to the corporate and specialty insurer in a statement on its interim financial results.
The statement said that the Dubai office contributed to the positive overall result of the Germany-based multi-national insurer belonging to the Talanx Group.
“In the first half of 2025, HDI Global's DIFC operation successfully completed its inaugural year, surpassing expectations in the Property and Engineering segments due to solid support from all stakeholders and a strong performing team”, said Mr Willem van Wyk, MD of HDI Global Dubai. However, no details were provided in the statement of the contributions made by the Dubai office to group results.
“As a financially robust and reliable ‘Partner in Transformation’ for our clients and broker partners, HDI Global leverages a strategic expansion in the UAE, guided by the addition of key talents within Risk Engineering and Liability. Our diversified strategy, supported by favourable market conditions, positions us to continue building a resilient global enterprise while emphasising individualised risk management. The Middle East, crucial to our international growth, reflects our commitment to serving an evolving clientele with bespoke solutions.”
Group results
On a worldwide scale, HDI Global generated clear growth in revenue and net income in the first half of 2025. Adjusted for currency effects, insurance revenue rose by 8% to EUR5.1bn [$5.95bn] (1H2024: 4.8bn; 7% in nominal terms).
The insurance service result remained stable at EUR430m (1H2024: EUR429m). Large loss payments came in at EUR142m (1H2024: EUR128m) and were well below the pro rata budget of EUR253m. The combined ratio at 91.6% (1H2024: 91.1%) remained within the expectation of less than 92% for the full year.
The net insurance financial and investment result before currency effects rose to EUR99m (1H2024: EUR68m) due to higher investment volumes and an increase in current interest income. EBIT was lifted by 24% to EUR377m (1H2024: EUR305m). RoE rose to 17.4% (1H2024: 15.7%), while HDI Global’s contribution to Talanx Group net income rose by 23% to EUR274m (1H2024: EUR223m).
Given HDI Global’s robust worldwide results, Mr van Wyk remains optimistic for the latter half of 2025. He said, “As we look forward, the dynamic landscape of the Middle East offers exciting prospects for HDI Global and our clients. Our continued engagement with sustainable projects aids the region's energy transition, showcasing our ability to adapt and innovate alongside our clients. Dubai, with its strategic location and young, diverse population, is poised to attract top-tier talent, fostering new developments and ambitious economic plans.”
In addition to HDI Global's prominent position in the German and broader European market, the company has access to its own worldwide HDI Global Network covering more than 175 countries. HDI Global is the Corporate & Specialty Division of the Talanx Group and has been a leading insurer for several decades.