Linea Directa Aseguradora Sa · BME:LDA
Linea Directa Aseguradora Sa — Q1 2025 Earnings Presentation
21 slides from Linea Directa Aseguradora Sa's earnings presentation, Apr 28, 2025
Slide 1: March 2025 Results
March 2025 Results IFRS 17&9 Presentation for analysts and investors 28 April 2025
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: Index
Index 01. March 2025 Results 02. Q&A 03. Annex
Slide 4: March 2025 Results
01 March 2025 Results
Slide 5: March 2025 Results
01. March 2025 Results IFRS17&9 GWP | 3M ‘25 Premiums in the quarter by segment Profitability 275.2 € COMBINED RATIO | 3M ‘25 +9.5% vs. 3M ‘24 +9.1% +8.0% +14.4% 92.3% -5.0 p.p. vs. 3M ‘24 PREMIUMS PREMIUMS PREMIUMS vs. 3M ‘24 vs. 3M ‘24 vs. 3M ‘24 Net income | 3M ‘25 20.8M € +4.3% +105,016 +3.3% +2
Slide 6: March 2025 Results: income statement
01. March 2025 Results IFRS17&9 Thousand euro 3M 2025 3M 2024 % var. Gross written premiums (GWP) 275,198 251,419 9.5% Acceleration of growth Ordinary insurance activities income 1 254,641 242,618 5.0% (premiums up + 9.5%) Technical insurance result, net of reinsurance 19,098 6,311 202.6% Improv
Slide 7: Premiums and policyholders
01. Premiums and policyholders Premiums and policyholders by line of business Premiums Policyholders 275.2M € 3,500 thousand Gross Written Premiums Policyholders Thousand euro 3M 2025 3M 2024 % var. Thousand 3M 2025 3M 2024 % var. 1Q 2025 Motor 213,599 195,771 9.1% Motor 2,564 2,459 4.3% 50 Home 42,
Slide 8: Combined ratio
01. Combined ratio IFRS17&9 -5.0p.p. Significant Administrative Greater efficiency improvement in expenses subject to in customer the loss ratio, strict and acquisition accompanying continuous control premiums earned
Slide 9: Motor segment
01. Motor segment IFRS17&9 INCOME COMBINED RATIO IFRS 17 GWP INSURANCE INCOME (NET) IFRS 17 -4.6 p.p +9.1% +4.4% Thhousand euro Strong growth acceleration, with premiums up 9.1% (5.4% in Excellent combined ratio, primarily driven by top line growth 3Q and 8.2% in 4Q 2024) and improved claims rat
Slide 10: Home segment
01. Home segment IFRS17&9 INCOME COMBINED RATIO IFRS 17 GWP INSURANCE INCOME (NET) IFRS 17 -6.7 p.p +8.0% +6.4% Thhousand euro As in Motor, Home achieved a significant growth in the first The first quarter has been extraordinary with a combined quarter, with premiums up 8% ratio of 89.9%
Slide 11: Health segment
01. Health segment IFRS17&9 INCOME COMBINED RATIO IFRS 17 GWP INSURANCE INCOME (NET) IFRS 17 +14.4% +10.1% -8.4 p.p Thhousand euro Health posted outstanding growth of 14.4% in 1Q Cemented underwriting discipline and risk selection Premiums benefited from the improved product mix
Slide 12: Financial result
01. Financial result IFRS17&9 Thousand euro 3M 2025 3M 2024 % var. Mainly explained by higher revenue from the fixed income portfolio Income 8,946 8,361 7.0% Interest on bank deposits 233 449 -48.1% Interest on fixed income securities 5,938 5,072 17.1% , The MTM reflects the good performance of Inco
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 3M 2025 3M 2024 % var. Movements registered in OCI (1,018) 1,229 -182.8% 1 MTM fixed income and equity instruments (1,809) 1,072 -268.8% Realised gains (losses) in equity instruments
Slide 14: Solvency II
01. Solvency II Solvency margin Solvency margin Eligible own funds walk 12M 2024 – 3M 2025 185.4% 187.0% Million euro 1. Solvency ratio and eligible own funds refer to Línea Directa Aseguradora stand-alone
Slide 15: Solvency II: Breakdown of Solvency Capital Required
01. Solvency II Breakdown of Solvency Capital Required Thousand euro 3M 2025 12M 2024 Increase of (i) equity SCR due to the worsening SCR of the symmetrical adjustment during the SCR Market 114,537 106,446 MARKET quarter (provided by EIOPA) and (ii) interest SCR Counterparty 6,387 5,273 rate risk
Slide 16: Q&A
02 Q&A
Slide 17: Annex
Nalats,4
Slide 18: Income statement by segment
03. Income statement by segment IFRS17&9 Income statement – Motor Segment Income statement – Home Segment Thousand euro 3M 2025 3M 2024 % var. Thousand euro 3M 2025 3M 2024 % var. Gross written premiums 213,599 195,771 9.1% Gross written premiums 42,394 39,270 8.0% Income from ordinary insurance act
Slide 19: Income statement by segment
03. Income statement by segment IFRS17&9 Income statement – Health Segment Income statement – Other Insurance Businesses1 Thousand euro 3M 2025 3M 2024 % var. Thousand euro 3M 2025 3M 2024 % var. Gross written premiums 17,830 15,579 14.4% Gross written premiums 1,375 799 72.1% Income from ordinary i
Slide 20: Consolidated balance sheet
03. Consolidated balance sheet IFRS17&9 Assets Liabilities and Equity Thousand euro Thousand euro ASSETS 3M 2025 12M 2024 % var. LIABILITIES AND EQUITY 3M 2025 12M 2024 % var. Cash and cash equivalents 14,066 16,709 -15.8% Financial liabilities at amortised cost 75,093 77,315 -2.9% Financial assets
Slide 21: Thank you
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