Linea Directa Aseguradora Sa · BME:LDA
Linea Directa Aseguradora Sa — Q1 2026 Earnings Presentation
21 slides from Linea Directa Aseguradora Sa's earnings presentation, Apr 27, 2026
Slide 1: March 2026 Results
March 2026 Results Presentation for analysts and investors IFRS 17&9 27 April 2026
Slide 2: Legal notice
Legal notice This document has been prepared by Línea Directa Aseguradora, S.A., Compañía de Seguros y Reaseguros (“Línea Directa” or the “Company”) for the sole purpose of presenting results and may not be used for any other purpose. The statements contained in this document relating to forecasts,
Slide 3: Contents
Contents 01. Key Highlights 02. March 2026 Results 03. Appendices
Slide 4: Key Highlights
01 Key Highlights
Slide 5: First quarter delivers excellent performance across growth, profitability and financial strength
01. Key Highlights First quarter delivers excellent performance across growth, profitability and financial strength GWP | 3M ‘26 Lines of Business Profitability 303.2M € COMBINED RATIO | 3M ‘26 +10.2% vs. 3M ‘25 PREMIUMS PREMIUMS PREMIUMS PREMIUMS 91.7% -0.6 p.p. vs. 3M ‘25 +10.6% +2.6% +20.1% +60.0
Slide 6: March 2026 Results
02 March 2026 Results
Slide 7: March 2026 Results
02. March 2026 Results IFRS17&9 Thousand euro 3M 2026 3M 2025 % var. Gross written premiums (GWP) 303,229 275,198 10.2% Ordinary insurance activities income 1 283,397 254,641 11.3% Excellent growth, with GWP up 10.2% and Technical insurance result, net of reinsurance 22,929 19,098 20.1% the positi
Slide 8: Premiums and Policyholders
02. Premiums and Policyholders Premiums and policyholders by line of business Premiums Policyholders 303.2M € 3,797 thousand Gross Written Premiums Policyholders Thousand euro 3M 2026 3M 2025 % var. Thousand 3M 2026 3M 2025 % var. 1Q 2026 Motor 236,141 213,599 10.6% Motor 2,790 2,564 8.8% 60 Home 43
Slide 9: Combined Ratio
02. Combined Ratio IFRS17&9 -0.6 p.p. Deterioration in Greater scale and windshield replacement efficiency drive the frequency due to poor improvement in the road conditions after the expense ratio 1Q storms
Slide 10: Motor Segment
02. Motor Segment IFRS17&9 INCOME COMBINED RATIO IFRS 17 GWP INSURANCE REVENUE (NET) IFRS 17 +10.6% +11.9% -0.5 p.p Thousand euro GWP exceeds €236M in the quarter, with year-on-year growth of 10.6% Combined ratio at excellent levels, with a 0.5 p.p. Portfolio grows by 8.8%, with 225,503 new po
Slide 11: Home Segment
02. Home Segment IFRS17&9 INCOME COMBINED RATIO IFRS 17 GWP INSURANCE REVENUE (NET) IFRS 17 -0.5 p.p +2.6% +5.3% Thousand euro Home maintains its growth trajectory: +2.6% in GWP and Excellent technical performance, with a combined ratio of +33,420 (+4.5%) policies year-on-year 89.4%, improving 0
Slide 12: Health Segment
02. Health Segment IFRS17&9 INCOME COMBINED RATIO IFRS 17 GWP INSURANCE REVENUE (NET) IFRS 17 +20.1% +16.4% -9.0 p.p Thousand euro Health delivers strong growth, with premiums up 20.1% to over €21.4M in the quarter Combined ratio improves 9.0 p.p. year-on-year to 124.2%, The portfolio reaches
Slide 13: Financial Result
02. Financial Result IFRS17&9 Thousand euro 3M 2026 3M 2025 % var. Higher income from the fixed income portfolio Income 9,245 8,946 3.3% Interest on b ank deposits 137 233 -41.2% Mark-to-market (MTM) impacted by market Interest on fixed income securities 6,799 5,938 14.5% volatility in the quart
Slide 14: Investment Portfolio, Movements Registered in OCI and Other Metrics
02. Investment Portfolio, Movements Registered in OCI and Other Metrics IFRS17&9 PORTFOLIO COMPOSITION Thousand euro 3M 2026 3M 2025 % var. Movements registered in OCI (7,002) (1,019) 587.1% MTM fixed income and equity instruments (7,173) (1,810) 296.3% Realised gains (losses) in equity instruments
Slide 15: Solvency II
02. Solvency II Solvency Margin Solvency Margin Eligible own funds walk | 12M 2025 – 3M 2026 12M 2025 3M 2026 183% 191% 1. Solvency ratio and eligible own funds refer to Línea Directa Aseguradora stand-alone 15
Slide 16: Solvency II: Breakdown of Solvency Capital Required
02. Solvency II Breakdown of Solvency Capital Required Thousand euro 12M 2025 3M 2026 Driven by lower equity exposure and the SCR reduction in the symmetric adjustment (from SCR Market 124,322 120,116 MARKET 7.9% in 4Q 2025 to 5.0% in 1Q 2026) SCR Counterparty 5,604 7,289 SCR Health 4,242 4,517
Slide 17: Appendices
03 Appendices
Slide 18: Income Statement by Line of Business
03. Income Statement by Line of Business IFRS17&9 MOTOR HOME Thousand euro 3M 2026 3M 2025 % var. Thousand euro 3M 2026 3M 2025 % var. Gross written premiums 236,141 213,599 10.6% Gross written premiums 43,483 42,394 2.6% Income from ordinary insurance activities, Income from ordinary insurance acti
Slide 19: Income Statement by Line of Business
03. Income Statement by Line of Business IFRS17&9 HEALTH OTHER INSURANCE BUSINESSES1 Thousand euro 3M 2026 3M 2025 % var. Thousand euro 3M 2026 3M 2025 % var. Gross written premiums 21,405 17,830 20.1% Gross written premiums 2,200 1,375 60.0% Income from ordinary insurance activities, Income from or
Slide 20: Consolidated Balance Sheet
03. Consolidated Balance Sheet IFRS17&9 ASSETS LIABILITIES AND EQUITY Thousand euro Thousand euro ASSETS 3M 2026 12M 2025 % var. LIABILITIES AND EQUITY 3M 2026 12M 2025 % var. Cash and cash equivalents 20,571 16,988 21.1% Financial liabilities at amortised cost 80,970 69,850 15.9% Financial assets a
Slide 21: Thank you
Thank you Follow us on: LinkedIn.com/company/linea-directa- aseguradora Instagram.com/lineadirectaaseguradora For more information: TikTok.com/@lineadirectaaseguradora Beatriz Izard X.com/lineadirecta_es beatriz.izard@lineadirecta.es YouTube.com/LineaDirectaSeguros Mark Brewer mark.brewer@lineadirec
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