HDI Global’s contribution to the net income of owner Talanx Group grew by 10% last year to €551 million ($909 million).

Asia-Pacific head and Australia MD Stefan Feldmann says the international programs division “once again proved to be a powerful growth engine”.

“I am very confident about 2026,” he said. “We have a clear focus and a strong platform for our next phase of sustainable growth across Australia, New Zealand and the wider Asia-Pacific region.”

Worldwide, HDI insurance revenue was up 5% to €10.3 billion ($17 billion) and large loss payments totalled €426 million ($703 million) – €125 million ($206 million) below budget.

The combined operating ratio was 90.3%, within HDI’s expectation of below 92%.

The insurer says growth in revenue and earnings was mainly driven by new business, disciplined underwriting and inflation-related price rises.

Mr Feldman says HDI won new multinational partnerships and expanded with captives and alternative risk transfer solutions.

HDI is “firmly established as the go-to market for international programs”, he says, and is investing in energy, climate and complex industrial risk expertise.

“We aim to be recognised for our technical excellence, reliability and true long-term approach,” he said.