Spain · Delayed Price · Currency is EUR Línea Directa Aseguradora, S.A., Compañía de Seguros y Reaseguros Earnings Call Transcripts
Fiscal Year 2026
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Delivered 10.2% top-line growth and 12.3% net income increase year-over-year, with strong customer gains and a robust 91.7% combined ratio. Continued digital transformation and prudent capital management support future efficiency and profitability.
Fiscal Year 2025
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Net income surged 33.5% to EUR 86 million, with strong growth in all segments and digital channels. Combined ratio improved to 92.6%, and a EUR 50 million dividend is proposed, maintaining a robust solvency ratio. Digitalization and efficiency remain key drivers.
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Premiums grew 11.4% year-over-year to €844 million, with strong gains in motor, home, and health. Combined ratio was 93.4% despite high severity claims, and profit after tax rose 46% to €60 million. Solvency ratio remains robust at 189%.
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Strong first half with 10.8% growth, €43.8M net income (up 72% YoY), and improved combined ratio at 92.3%. Motor, home, and health segments all grew, with new products boosting technical results. Solvency margin rose to 193.2%.
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First quarter saw 9.5% business growth, net income doubling to €20.8M, and a combined ratio of 92.3%. Motor, Home, and Health segments all grew, with digitalization driving efficiency and lower acquisition costs.
Fiscal Year 2024
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Premiums and client growth accelerated in Q4, driving a return to profitability and a 19.6% ROE. Combined ratio improved to 94.7% for the year, with further gains expected in 2025 through digitalization and efficiency.
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Strong client growth and profitability turnaround, with net income of EUR 40.7 million and a combined ratio of 95.4% for the first nine months. Premiums and policyholder numbers rose across all segments, and the solvency ratio improved to 189.5%.
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Profitability returned in H1 2024 with net income of EUR 25.4 million and a combined ratio of 95.5%, driven by improved claims management and portfolio growth. Interim dividend of EUR 50 million approved, with strong solvency and positive outlook for all business lines.