Linea Directa Group: Three Quarters of Profit Success in Insurance Industry

Linea Directa Group, led by Patricia Ayuela, has achieved three consecutive quarters with positive profits since the second half of last year. The insurance company closed the month of March with net profits of 10.1 million euros, a significant improvement from losses of 5.3 million in the same period last year. As a result, its shares rose slightly over 2%, consolidating an overall advance of 13% for the year as they try to rebound from recent losses.

The company attributes this positive trend to improved margins resulting from better client selection and revised insurance rates, as well as more efficient claims management. These factors have helped increase income by 3.4% while reducing the number of policyholders by 4.5% to 3.3 million policies issued. Premiums for all business lines, including Motor, Home, and Health, saw positive growth.

CEO Ayuela expressed optimism about the company’s future prospects, citing a solid improvement in margins and profits as confirmation of a positive change in the business cycle. The company’s Household and Health branches also saw growth in premiums issued and insured individuals, showcasing a well-rounded performance across all business segments.

Overall, Linea Directa is poised for continued success in the future with its strong financial position and positive performance across all business lines. The Auto branch saw a notable reduction in combined ratio, indicating improved financial health and business efficiency. With its focus on improving margins through better client selection and revised insurance rates, efficient claims management and growth in premiums issued and insured individuals across all business segments Linea Directa is set to achieve continued success in the future.