ALM Equity AB (publ) (ALM) Q1 2025 Earnings Call

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WEBVTT 00:00:01.263 -- 00:00:05.750 Good morning or good afternoon and welcome to the Arm Brand Q1 2025 results call. 00:00:05.750 -- 00:00:08.054 My name is Adam and I'll be your operator today. 00:00:08.054 -- 00:00:11.299 If you'd like to ask a question at the Q&A portion of today's call, you can do so by 00:00:11.299 -- 00:00:14.824 pressing start or by one on your telephone keypad to enter the queue. 00:00:14.824 -- 00:00:17.088 I will now hand the floor to Rasmus Werner-Nielsen to begin. 00:00:17.088 -- 00:00:20.533 So Rasmus, please go ahead when you're ready. 00:00:20.533 -- 00:00:24.239 Good morning and thank you for joining us on our conference call. 00:00:24.239 -- 00:00:29.306 I'm Rasmus Werner-Nielsen as usual. I have with me today our CFO Andreas Ruben 00:00:29.306 -- 00:00:33.328 Madsen. and the head of our IIR team, Matt Zinkel. 00:00:33.328 -- 00:00:36.492 This morning, we published our interim report for the first quarter. 00:00:36.492 -- 00:00:40.479 And as usual, I will walk you through the operating highlights and then Andreas will 00:00:40.479 -- 00:00:43.040 comment on the financials. 00:00:43.383 -- 00:00:47.129 Let's now look at the highlights and please turn to slide two for some of the headlines 00:00:47.129 -- 00:00:50.715 regarding our business for the first month of the year. 00:00:50.715 -- 00:00:54.581 As mentioned before, I'm pleased with the overall financial performance. 00:00:54.581 -- 00:01:00.044 In a satisfactory Q1, we sustained strong organic growth and good cost control 00:01:00.044 -- 00:01:04.269 leading to a significant drop in the expense ratio year-on-year. 00:01:04.269 -- 00:01:09.295 We reach a premium growth of 8.2% in personal lines despite one day 00:01:09.295 -- 00:01:13.380 less than in the first quarter of 2024. ...