HDI Global sees 42% rise in profit

profits

The group saw operating profit rise from €208m in 2015 to €296m in 2016. Combined operating ratio improved two points from 99.2% to 96.8%. "Last year, we achieved a very gratifying result in underwriting and non-underwriting business in spite of ongoing very intense price competition on international industrial insurance markets and the sustained low-interest environment," said Dr Christian Hinsch, CEO of HDI Global SE. Gross written premiums fell by 1% from €4.29bn to €4.26bn.