Línea Directa Aseguradora, S.A., Compañía de Seguros y Reaseguros (LNDAF) Q1 2026 Earnings Call April 27, 2026 3:00 AM EDT
Company Participants
Beatriz Izard – Head of Investor Relations
Carlos Rodriguez – Chief Financial Officer
Conference Call Participants
Maksym Mishyn – JB Capital Markets, Sociedad de Valores, S.A., Research Division
Francisco Riquel – Alantra Equities Sociedad de Valores, S.A., Research Division
David Barma – BofA Securities, Research Division
Carlos Peixoto – Banco BPI, S.A., Research Division
Presentation
Beatriz Izard
Head of Investor Relations
Good morning, everyone, and thank you for joining us today. Welcome to Línea Directa’s First Quarter 2026 Results Conference Call. My name is Beatriz Izard, Head of Investor Relations. Joining me today is our CFO, Carlos Rodriguez Ugarte, who will lead this presentation. This will be followed by a Q&A session.
With that, I will now turn the call over to Carlos.
Carlos Rodriguez
Chief Financial Officer
Thank you very much, Beatriz, and good morning to everyone on the call. We are very pleased to report another excellent set of results.
Please let me guide you through the financial highlights presented on the first slide of the deck. We delivered top line growth of 10.2%, nearly 2x the non-life market growth of 5.36%. This solid momentum was achieved while maintaining an excellent combined ratio at 91.7%. Our customer portfolio reached 3.8 million clients, adding 72,000 in the first quarter in 2026, representing a 9.9% quarter-on-quarter increase. Net income grew by 12.3% to EUR 23.4 million, reflecting a strong combination of growth and profitability. Return on equity stood at 22.5%, underscoring the efficiency of our business model. And finally, solvency ratio was very strong, reaching 190.6%.
Now let’s move on to a more detailed review of the quarterly results. As shown on Page 7, the message remains consistent with prior quarters, a strong top
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