Qualitas Controladra Sab (QUCOF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. This is the conference operator. Good morning and welcome to Qualitas' first quarter 2025 earnings results webcast. The conference will begin now. It is my pleasure to turn the call over to Andrea Gonzalez, Qualitas' IR manager. Good morning and thank you for joining Qualitas' first quarter 2025 earnings call. I am Andrea Gonzalez, Qualitas' IR manager. Our CEO and chairman of the board is joining us today, Jose Antonio Correa. as well as our CFO, Roberto Araujo. As a reminder, information discussed on today's call may include forward-looking statements. These statements are based on management current expectations and are subject to many risks and uncertainties that could cause actual events and results to differ materially from those discussed during today's call. Qualitas NRK undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Let's give it over to Jose Antonio, our CEO, for his remarks. Thank you, Andrea. Good morning, everyone. It's great to be with you all again. I would like to begin with a brief overview of the company's performance and key achievements of the quarter. Qualitas posted a healthy start to 2025 with a premium growth of 12%, which by the way, is in line with the anticipated normalization from the growth trend experience from the past two years. Claim ratio came better than expected, considering a lower seasonal frequency during the quarter, as well as a significant improvement in our heavy equipment ratio, proving the effectiveness of our risk prevention efforts resulting in an 88.2% combined ratio lower than our long-term target. And furthermore, our investment portfolio posted a strong financial income despite interest r...