Beatriz Izar
Head of Investor Relations
Replay available
Linea Directa Aseguradora, S.A. (LNDAF) Q1 2026 Earnings Call
Linea Directa Aseguradora, S.A. (OTC: LNDAF) Q1 2026 earnings conference call, held 2026-04-27. Replay captured from the company's public earnings webcast.
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Replay transcript excerpt
WEBVTT 00:00:00.908 -- 00:00:04.131 Good morning, everyone, and thank you for joining us today. 00:00:04.131 -- 00:00:08.796 Welcome to Línea Directa's first quarter 2026 results conference call. 00:00:08.796 -- 00:00:11.879 My name is Beatriz Izar, Head of Investor Relations. 00:00:11.879 -- 00:00:17.464 Joining me today is our CFO, Carlos Rodríguez Huarte, who will lead this presentation. 00:00:17.464 -- 00:00:23.450 This will be followed by a Q&A session. With that, I will now turn the call over to Carlos. 00:00:23.450 -- 00:00:27.723 Thank you very much, Beatriz, and good morning to everyone on the call. 00:00:27.723 -- 00:00:32.187 We are very pleased to report another excellent set of results. 00:00:32.187 -- 00:00:36.492 Please let me guide you through the financial highlights presented on the first slide 00:00:36.492 -- 00:00:38.433 of the deck. 00:00:38.433 -- 00:00:42.277 We delivered top-line growth of 10.2%, nearly 00:00:42.277 -- 00:00:45.420 two times the non-line market growth of 5.36%. 00:00:45.420 -- 00:00:47.420 This 00:00:47.422 -- 00:00:54.027 solid momentum was achieved while maintaining an excellent combined ratio at 91.7%. 00:00:54.200 -- 00:00:59.568 Our customer portfolio reached 3.8 million clients, adding 72,000 00:00:59.568 -- 00:01:02.870 in the first quarter in 2026, 00:01:03.113 -- 00:01:07.499 representing a 9.9 quarter-on-quarter increase. 00:01:07.499 -- 00:01:10.964 Net income grew by 12.3% to 23.4 00:01:10.964 -- 00:01:17.193 million euros, reflecting a strong combination of growth and profitability. 00:01:17.193 -- 00:01:20.758 Return on equity stood at 22.5%, 00:01:20.758 -- 00:01:25.985 underscoring the efficiency of our business model And finally, solvency ratio 00:01:25.985 -- 00:01:29.487 was very strong, reaching 190.6%. 00:...