Suche
Mein Konto
HDI Insurance: Premium growth and award successes
Positive financial year for HDI Versicherung AG with premium growth and awards. Increasing sales despite geopolitical challenges. Sustainable through electric vehicles and photovoltaics. Learn more!
HDI Insurance: Premium growth and award successes
In the 2023 financial year, HDI Versicherung AG was able to achieve a positive result, despite challenges such as the geopolitical situation, natural disasters and persistent inflation. The company recorded an increase in premiums written in Austria by around 7% to MEUR 272. The gross combined ratio was 72.8%, which represents a significant improvement compared to the previous year (81.7%). The company's stable situation was also recognized by the rating agency S&P, which reaffirmed the rating to “A”.
In the area of industrial insurance, HDI Versicherung AG was able to further increase its premium volume, particularly in the areas of commercial liability, fire, transport and technical insurance. In the private sector, premiums written also rose by 6.5%, although the geopolitical situation and problems in the supply chains were challenging.
The investment area was affected by rising interest rates due to restrictive monetary policy and the loss of COVID-19-related catch-up effects. Nevertheless, HDI Versicherung AG was able to record a positive investment result of around MEUR 2.2. The retained profit also increased to around MEUR 22.4 compared to the previous year.
In 2023, HDI took important steps towards digitalization in order to better position itself on the market. The home advantage tariff has been renewed and made more flexible, while customers can now sign applications digitally. In addition, sustainability measures were implemented, such as the gradual conversion of the fleet to electric vehicles and the installation of another photovoltaic system on the roof of the HDI headquarters in Vienna.
For 2024, HDI expects low growth rates in the euro area, but slightly above those in 2023. Inflation is expected to fall but remain at a high level. Nevertheless, the company is forecasting positive sales development and is aiming for a good financial result based on the proven investment strategy of recent years.