Línea Directa reported a profit of 20.8 million euros in the first quarter of 2025, a 106.1% increase compared to the same period the previous year, when it made a profit of 10.1 million euros, as reported to the Comisión Nacional del Mercado de Valores (CNMV) on Monday.
The company achieved a volume of premiums issued of 275.2 million euros in the first quarter, representing a 9.5% increase compared to the same period last year, with significant growth in all business lines. Meanwhile, insurance revenues increased by 5.0%.
The client portfolio grew by 5.6% and reached 3.5 million policyholders. Over the last twelve months, Línea Directa has gained a total of 184,200 policyholders, which the company attributes to both new business generation and increased customer loyalty.
The combined ratio stood at 92.3%, five percentage points better than in the first quarter of 2024, and also below the figure reported at the end of the previous fiscal year (92.6%). This improvement in the key indicator of insurance business profitability was driven by enhancements in all its components: on one hand, premium income, and on the other, a reduction in claims and expenses.