Linea Directa Aseguradora Sa · BME:LDA
Linea Directa Aseguradora Sa — Q3 2026 Earnings Presentation
20 slides from Linea Directa Aseguradora Sa's earnings presentation, Oct 28, 2026
Slide 1: September 2026 Results
September 2026 Results Presentation for analysts and investors 28 October 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. September 2026 Results 03. Appendices
Slide 4: Key Highlights
01 Key Highlights
Slide 5: Key Highlights: Growth, profitability and solvency
01. Key Highlights Growth, profitability and solvency GWP | 9M ‘26 Lines of Business Profitability 919.0M € COMBINED RATIO | 9M ‘26 +8.9% vs. 9M ‘25 PREMIUMS PREMIUMS PREMIUMS PREMIUMS 91.3% -2.1 p.p. vs. 9M ‘25 +9.5% +2.6% +17.0% +50.4% Net Profit | 9M ‘26 vs. 9M ’25 vs. 9M ’25 vs. 9M ’25 vs. 9M ’2
Slide 6: September 2026 Results
02 September 2026 Results
Slide 7: September 2026 Results
02. September 2026 Results IFRS17&9 Thousand euro 9M 2026 9M 2025 % var. 3Q 2026 Strong commercial momentum: Gross written premiums (GWP) 919,047 843,814 8.9% 309,749 insurance revenue increased by Ordinary insurance activities income 1 879,822 794,076 10.8% 302,694 10.8%, with gross written premi
Slide 8: Premiums and policyholders
02. Premiums and policyholders Premiums and policyholders by line of business Premiums Policyholders 919.0M € 3,904.8 thousand Gross Written Premiums Policyholders % var. Thousand euro 9M 2026 9M 2025 % var. 3Q 2026 Thousand 9M 2026 9M 2025 % var. 3Q 2026 YoY Motor 749,983 684,746 9.5% 259,202 9.0%
Slide 9: Combined Ratio
02. Combined Ratio IFRS17&9 -2.1 p.p. Underwriting and pricing discipline, Increased scale and alongside favourable operational efficiency claims frequency
Slide 10: Motor Segment
02. Motor Segment IFRS17&9 INCOME COMBINED RATIO IFRS 17 GWP INSURANCE REVENUE (NET) IFRS 17 +9.5% +11.4% -2.1 p.p Thousand euro Motor continues to deliver strong commercial momentum, Excellent technical profitability, with a combined ratio of with premiums up 9.5% to €750 million. 91.3% in 9M,
Slide 11: Home Segment
02. Home Segment IFRS17&9 INCOME COMBINED RATIO IFRS 17 GWP INSURANCE REVENUE (NET) IFRS 17 -1.4 p.p +2.6% +4.3% Thousand euro Home continues to gain scale, with premiums up 2.6% and Excellent technical performance, with combined ratios 26,736 additional policyholders, bringing the customer base
Slide 12: Health Segment
02. Health Segment IFRS17&9 INCOME COMBINED RATIO IFRS 17 GWP INSURANCE REVENUE (NET) IFRS 17 +17.0% +15.5% -6.9 p.p Thousand euro Health consolidates its strong growth: premiums up 17% to Significant improvement in the combined ratio, down 6.9 p.p. €35.7m and policies up 10.9%, reaching 131,186
Slide 13: Financial Result
02. Financial Result IFRS17&9 Thousand euro 9M 2026 9M 2025 % var. Fixed-income portfolio rotation to Income 31,974 29,051 10.1% increase the average yield alongside Interest on b ank deposits 496 645 -23.1% a reduction in net equity exposure. Interest on fixed income securities 21,498 18,068 19.0%
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 9M 2026 9M 2025 % var. Movements registered in OCI (22,875) 6,522 - MTM fixed income and equity instruments (24,319) 4,233 - Realised gains (losses) in equity instruments 1,444 2,289
Slide 15: Solvency II
02. Solvency II Solvency ratio Thousand euro 12M 2025 9M 2026 SOLVENCY II OWN FUNDS SCR Market 124,322 127,850 The performance to September mainly reflects strong organic SCR Counterparty 5,604 6,170 capital generation, partly offset by the negative impact of higher interest rates on the valuation
Slide 16: Appendices
03 Appendices
Slide 17: Income Statement by Line of Business (Motor, Home)
03. Income Statement by Line of Business IFRS17&9 MOTOR HOME Thousand euro 9M 2026 9M 2025 % var. Thousand euro 9M 2026 9M 2025 % var. Gross written premiums 749,983 684,746 9.5% Gross written premiums 128,860 125,558 2.6% Income from ordinary insurance activities, Income from ordinary insurance act
Slide 18: Income Statement by Line of Business (Health, Other)
03. Income Statement by Line of Business IFRS17&9 1 HEALTH OTHER INSURANCE BUSINESSES Thousand euro 9M 2026 9M 2025 % var. Thousand euro 9M 2026 9M 2025 % var. Gross written premiums 35,687 30,505 17.0% Gross written premiums 4,518 3,005 50.4% Income from ordinary insurance activities, Income from o
Slide 19: Consolidated Balance Sheet
03. Consolidated Balance Sheet IFRS17&9 ASSETS LIABILITIES AND EQUITY Thousand euro Thousand euro ASSETS 9M 2026 12M 2025 % var. LIABILITIES AND EQUITY 9M 2026 12M 2025 % var. Cash and cash equivalents 21,457 16,988 26.3% Financial liabilities at amortised cost 86,496 69,850 23.8% Financial assets a
Slide 20: Thank you
Thank you For more information: Follow us: Beatriz Izard LinkedIn.com/company/linea-directa-aseguradora beatriz.izard@lineadirecta.es Instagram.com/lineadirectaaseguradora Mark Brewer TikTok.com/@lineadirectaaseguradora mark.brewer@lineadirecta.es X.com/lineadirecta_es YouTube.com/LineaDirectaSeguro
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