Linea Directa Aseguradora Sa · BME:LDA

Linea Directa Aseguradora Sa — H1 2025 Earnings Presentation

21 slides from Linea Directa Aseguradora Sa's earnings presentation, Jul 23, 2025

  1. Slide 1: June 2025 Results

    June 2025 Results IFRS 17&9 Presentation for analysts and investors 23 July 2025

  2. 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,

  3. Slide 3: Index

    Index 01. June 2025 Results 02. Q&A 03. Annex

  4. Slide 4: June 2025 Results

    01 June 2025 Results

  5. Slide 5: June 2025 Results

    01. June 2025 Results IFRS17&9 GWP | 6M ‘25 Premiums by segment Profitability 558.2 € COMBINED RATIO | 6M ‘25 +10.8% vs. 6M ‘24 +11.0% +7.5% +13.6% 92.3% -3.2 p.p. vs. 6M ‘24 PREMIUMS PREMIUMS PREMIUMS vs. 6M ‘24 vs. 6M ‘24 vs. 6M ‘24 Net income | 6M ‘25 43.8M € +6.6% +161,680 +4.3% +31,254 -0.7% +1

  6. Slide 6: June 2025 Results

    01. June 2025 Results IFRS17&9 Thousand euro 6M 2025 6M 2024 % var. 2Q 2025 Gross written premiums (GWP) 558,219 503,900 10.8% 283,021  We continue to Ordinary insurance activities income 1 518,858 486,607 6.6% 264,217 accelerate growth (+9.5% Technical insurance result, net of reinsurance 38,743 2

  7. Slide 7: Premiums and policyholders

    01. Premiums and policyholders Premiums and policyholders by line of business Premiums Policyholders 558.2M € 3,579 thousand Gross Written Premiums Policyholders % var. Thousand euro 6M 2025 6M 2024 % var. 2Q 2025 Thousand 6M 2025 6M 2024 % var. 2Q 2025 YoY Motor 446,998 402,583 11.0% 233,399 12.9%

  8. Slide 8: Combined ratio

    01. Combined ratio IFRS17&9 -3.2p.p. Significant Administrative Greater efficiency improvement in expenses subject to in customer the loss ratio, strict and acquisition accompanying continuous control premiums earned

  9. Slide 9: Motor segment

    01. Motor segment IFRS17&9 INCOME COMBINED RATIO IFRS 17 GWP INSURANCE INCOME (NET) IFRS 17 -3.6 p.p +11.0% +6.2% Thhousand euro  Strong acceleration in growth, with premiums up 11.0%  Very solid combined ratio, driven by growth in earned year-to-date and 12.9% in the standalone quarter (5.4% in p

  10. Slide 10: Home segment

    01. Home segment IFRS17&9 INCOME COMBINED RATIO IFRS 17 GWP INSURANCE INCOME (NET) IFRS 17 +0.1 p.p +7.5% +6.6% Thhousand euro  Home insurance continues to show positive performance,  Profitability in the first six months of the year has been with a 7.5% increase in business volumes excellent, wit

  11. Slide 11: Health segment

    01. Health segment IFRS17&9 INCOME COMBINED RATIO IFRS 17 GWP INSURANCE INCOME (NET) IFRS 17 +13.6% +10.9% -8.5 p.p Thhousand euro  Health insurance shows notable growth  Underwriting remains prudent, with claim frequencies declining although the loss ratio was affected by the increase  We contin

  12. Slide 12: Financial result

    01. Financial result IFRS17&9 Thousand euro 6M 2025 6M 2024 % var. Higher income from the fixed-income and equity portfolio Income 19,135 17,569 8.9% Interest on b ank deposits 451 874 -48.4% Interest on fixed income securities 11,871 10,825 9.7% , The MTM reflects the good performance of Income on

  13. Slide 13: Investment portfolio, movements registered in OCI and other metrics

    01. Investment portfolio, movements registered in OCI and other metrics IFRS17&9 PORTFOLIO COMPOSITION Thousand euro 6M 2025 6M 2024 % var. Movements registered in OCI 6,173 1,694 264.4% 1 MTM fixed income and equity instruments 4,745 (634) -848.4% Realised gains (losses) in equity instruments 1,428

  14. Slide 14: Solvency II

    01. Solvency II Solvency margin 180.2%, including the first interim dividend paid on 1 July Solvency margin 450 Eligible own funds walk 3M 2025 – 6M 2025 15.5 439.9 440 Million euro 187.0% 193.2% 430 6.7 420 20.3 412.4 410 400 397.4 (15.0) 390 380 370 Eligible own 1Q25 Eligible own Individual Change

  15. Slide 15: Solvency II

    01. Solvency II Breakdown of Solvency Capital Required Thousand euro 6M 2025 3M 2025  Increase in (i) equity SCR due to the deterioration of the quarterly symmetric SCR Market 118,492 114,537 SCR adjustment (provided by EIOPA) and, to a MARKET SCR Counterparty 8,902 6,387 lesser extent, (ii) spread

  16. Slide 16: Q&A

    02 Q&A

  17. Slide 17: Annex

    Nalats,4

  18. Slide 18: Income statement by segment

    03. Income statement by segment IFRS17&9 Income statement – Motor Segment Income statement – Home Segment Thousand euro 6M 2025 6M 2024 % var. Thousand euro 6M 2025 6M 2024 % var. Gross written premiums 446,998 402,583 11.0% Gross written premiums 84,519 78,628 7.5% Income from ordinary insurance ac

  19. Slide 19: Income statement by segment

    03. Income statement by segment IFRS17&9 Income statement – Health Segment Income statement – Other Insurance Businesses1 Thousand euro 6M 2025 6M 2024 % var. Thousand euro 6M 2025 6M 2024 % var. Gross written premiums 24,598 21,656 13.6% Gross written premiums 2,104 1,033 103.7% Income from ordinar

  20. Slide 20: Consolidated balance sheet

    03. Consolidated balance sheet IFRS17&9 Assets Liabilities and Equity Thousand euro Thousand euro ASSETS 6M 2025 12M 2024 % var. LIABILITIES AND EQUITY 6M 2025 12M 2024 % var. Cash and cash equivalents 42,747 16,709 155.8% Financial liabilities at amortised cost 86,502 77,315 11.9% Financial assets

  21. Slide 21: Thank you

    Ee : x _ © linea directa ion & he Mae Re ak nee

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