Qualitas Controladra Sab (QUCOF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Qualitas' second quarter 2025 earning results webcast. The conference will begin now. It is my pleasure to turn the call over to Raquel Itoi, Qualitas' IR. Good morning and thank you for joining Qualitas' second quarter and six months 2025 earnings call. I'm Raquel Itoi, Qualitas' IR coordinator. 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's 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 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 José Antonio, our CEO, for his remarks. Thank you, Raquel, and good morning, everyone. It's great to be with you once again. We are pleased to share strong second quarter and first half of the year results, setting a strong base for the remainder of the year and supporting the execution of our strategy. Top line growth was within our expectations at 12.9%, with a sustainable loss ratio resulting in 92.8% combined ratio for the quarter, right on our long-term target, and a 90.5% combined ratio when considering the first six months of the year. On the investment side, we posted a strong financial income, even as interest rates began easing at the faster than expected pace. Thus, Qualitas delivered a 36% net income growth for the first half of the year, with a 12-month ROE of 26.5% above our long-term target. Additionally, a key highlight for this quarter i...