HDI Global's insurance revenue up 8% in H1 2025, driven by growth in new business and improved investment volumes.

HDI Global's insurance revenue increased 8% to €5.1bn in H1 2025, with a marginal increase in service results to €430m. The combined ratio was 91.6%, within the company's target, and the net insurance financial and investment result before currency effects rose to €99m from €68m. The operating profit increased 24% to €377m, and the return on equity rose to 17.4%. The company attributed the improvement to expansion in investment volumes and an uptick in current interest income.

Keysight Technologies Inc. (NYSE: KEYS) reported an 11% year-over-year (YoY) increase in revenue to $1.4 billion, surpassing the high end of their guidance. The company's earnings per share (EPS) reached $1.72, up 9% YoY and exceeding expectations. Orders grew by 7%, with strong performance across the Communications Solutions Group (CSG) and Electronic Industrial Solutions Group (EISG) segments [1].

Key drivers of growth included AI momentum, with significant investments in AI-related technologies and partnerships, such as with AMD for PCIe Gen 6 compliance validation. The company's gross margin stood at 64%, and the operating margin improved to 25%, up 60 basis points from the previous year. Net income reached $297 million, while cash flow from operations and free cash flow were $322 million and $291 million, respectively. The company also announced a share repurchase program, buying back 300,000 shares at an average price of $164, totaling $50 million [1].

Looking ahead, Keysight Technologies provided Q4 revenue guidance of $1.370 billion to $1.390 billion and EPS guidance of $1.79 to $1.85. However, the company faces challenges, including increased tariff exposure and headwinds in the semiconductor sector. Tariffs are expected to increase their annual impact by approximately $75 million, while the automotive sector remains stable year-over-year. The broader 6G commercialization is still years away, which may delay potential revenue from this technology. Geopolitical and macroeconomic uncertainties also pose potential risks to future performance [1].

The company's management expressed a cautiously optimistic outlook for fiscal 2026, with a low-end revenue growth rate of 5% to 7%. They noted that the AI opportunity will contribute across multiple end markets over time, with wireline business expected to finish strong due to AI demand. Tariffs are expected to be fully mitigated by Q1 2026, and the company is well-positioned to support the transition to 6G technology [1].

References:
[1] https://finance.yahoo.com/news/keysight-technologies-inc-keys-q3-070600938.html