Linea Directa Aseguradora Sa · BME:LDA

Linea Directa Aseguradora Sa — Q3 2025 Earnings Presentation

21 slides from Linea Directa Aseguradora Sa's earnings presentation, Oct 27, 2025

1. Slide 1: 3Q 2025 Results

   3Q 2025 Results Presentation for analysts and investors IFRS 17&9 27 October 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. September 2025 Results 02. Q&A 03. Annex

4. Slide 4: September 2025 Results

   01 September 2025 Results

5. Slide 5: September 2025 Results

   01. September 2025 Results IFRS17&9 GWP | 9M ‘25 Premiums by segment Profitability 843.8 € COMBINED RATIO | 9M ‘25 +11.4% vs. 9M ‘24 +11.8% +7.3% +13.9% 93.4% -2.0 p.p. vs. 9M ‘24 PREMIUMS PREMIUMS PREMIUMS vs. 9M ‘24 vs. 9M ‘24 vs. 9M ‘24 Net income | 9M ‘25 59.7M € +7.9% +195,145 +5.1% +37,546 +0.

6. Slide 6: September 2025 Results

   01. September 2025 Results IFRS17&9 Thousand euro 9M 2025 9M 2024 % var. 3Q 2025 Gross written premiums (GWP) 843,814 757,629 11.4% 285,595  Momentum growth continues (+11.4% as of Ordinary insurance activities income 1 794,076 736,772 7.8% 275,218 September, +12.6% QoQ), Technical insurance result

7. Slide 7: Premiums and policyholders

   01. Premiums and policyholders Premiums and policyholders by line of business Premiums Policyholders 843.8M € 3,652 thousand Gross Written Premiums Policyholders % var. Thousand 9M 2025 9M 2024 % var. 3Q 2025 Thousand euro 9M 2025 9M 2024 % var. 3Q 2025 YoY Motor 684,746 612,488 11.8% 237,748 13.3%

8. Slide 8: Combined ratio

   01. Combined ratio IFRS17&9 -2.0p.p. Solid loss ratio Greater Supported by a in a seasonally efficiency in continued tight unfavourable customer cost control quarter with a acquisition 1.1 p.p. yoy improvement

9. Slide 9: Motor segment

   01. Motor segment IFRS17&9 INCOME COMBINED RATIO IFRS 17 Of which 2.3 p.p are GWP INSURANCE INCOME (NET) high severity claims in IFRS 17 the quarter -2.1 p.p +11.8% +7.5% Underlying combined ratio of 94% Thhousand euro  Premiums up 11.8% year-on-year and 13.3% in the standalone quarter (9.1% and 12

10. Slide 10: Home segment

    01. Home segment IFRS17&9 INCOME COMBINED RATIO IFRS 17 GWP INSURANCE INCOME (NET) IFRS 17 -1.6 p.p +7.3% +6.7% Thhousand euro  Home insurance continues to show positive performance,  Remarkable profitability with the combined ratio remaining with a 7.3% increase in business volumes below 90%

11. Slide 11: Health segment

    01. Health segment IFRS17&9 INCOME COMBINED RATIO IFRS 17 GWP INSURANCE INCOME (NET) IFRS 17 +13.9% +11.9% -9.5 p.p Thhousand euro  Solid premiums evolution, resuming customer growth in the 3Q  Underwriting remains prudent, with contained claim  We continue to improve the product mix, with specia

12. Slide 12: Financial result

    01. Financial result IFRS17&9 Thousand euro 9M 2025 9M 2024 % var. Income 29,051 26,444 9.9%  Higher income from the fixed-income and equity portfolio Interest on b ank deposits 645 1,415 -54.4% Interest on fixed income securities 18,068 16,540 9.2%  The MTM reflects the good Income on equity inst

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 9M 2025 9M 2024 % var. Movements registered in OCI 6,522 14,600 -55.3% MTM fixed income and equity instruments 4,233 12,130 -65.1% Realised gains (losses) in equity instruments 2,289

14. Slide 14: Solvency II

    01. Solvency II Solvency margin Solvency margin Eligible own funds walk for the first nine months of 2025 185% 189% 1. Solvency ratio and eligible own funds refer to Línea Directa Aseguradora stand-alone

15. Slide 15: Solvency II

    01. Solvency II Breakdown of Solvency Capital Required Thousand euro 12M 2024 9M 2025 SCR  Explained by (i) interest rate and spread SCR Market 106,446 121,865 MARKET risk and (ii) higher symmetric adjustment SCR Counterparty 5,273 6,561 SCR Health 4,123 4,368 SCR  Higher bank deposits in the firs

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 MOTOR HOME Thousand euro 9M 2025 9M 2024 % var. Thousand euro 9M 2025 9M 2024 % var. Gross written premiums 684,746 612,488 11.8% Gross written premiums 125,558 117,011 7.3% Income from ordinary insurance activities, Income from ordinary insurance activities,

19. Slide 19: Income statement by segment

    03. Income statement by segment IFRS17&9 1 HEALTH OTHER INSURANCE BUSINESSES Thousand euro 9M 2025 9M 2024 % var. Thousand euro 9M 2025 9M 2024 % var. Gross written premiums 30,505 26,772 13.9% Gross written premiums 3,005 1,359 121.2% Income from ordinary insurance activities, Income from ordinary

20. Slide 20: Consolidated balance sheet

    03. Consolidated balance sheet IFRS17&9 ASSETS LIABILITIES AND EQUITY Thousand euro Thousand euro ASSETS 9M 2025 12M 2024 % var. LIABILITIES AND EQUITY 9M 2025 12M 2024 % var. Cash and cash equivalents 22,649 16,709 35.5% Financial liabilities at amortised cost 78,444 77,315 1.5% Financial assets at

21. Slide 21: Thank you

    Thank you

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