LINEA DIRECTA ASEGURADORA S.A.
Is a Spanish insurance company that specialises in providing car, home and health insurance directly to customers. Established in 1995, it operates mainly through phone and online channels. It is known for its competitive pricing and innovation in the Spanish insurance market. Linea Directa offers tailored insurance products and focuses on customer service and digital advancements, making it one of Spain's leading insurers.
BUSINESS MODEL
- Centralised operations without offices or brokers.
- Efficient and direct.
- The best coverage at the best price by transferring the efficiency of the operation to the client.
- Cutting edge technological capabilities and constant strive for innovation.
- First insurer in Spain to sell online. Highly integrated digital ecosystem through Apps.
KEY FIGURES
| IFRS17 figures in thousand euro | 2022 |
2023 |
2024 |
| Consolidated Statement of Profit or Loss | |||
| Gross written premiums (GWP) | 946,679 |
973,281 |
1,019,606 |
| Ordinary insurance activities income | 925,444 |
960,266 |
991,329 |
| Technical insurance result, net of reinsurance | 37,130 |
(38,225) |
51,226 |
| Investments result | 41,845 |
33,992 |
39,649 |
| Insurance and financial result | 79,400 |
(8,879) |
82,192 |
| Profit/(loss) before tax | 83,560 |
(6,547) |
83,310 |
| Profit/(loss) for the year | 63,124 |
(4,390) |
64,216 |
| Management Ratios | |||
| Loss ratio | 72.7% |
81.2% |
72.6% |
| Expense ratio | 23.2% |
22.9% |
22.1% |
| Combined ratio | 95.9% |
104.1% |
94.7% |
| Consolidated Balance Sheet | |||
| Total assets | 1,002,426 |
1,125,322 |
1,236,135 |
| Total liabilities | 702,095 |
812,287 |
877,819 |
| Total equity | 300,331 |
313,035 |
358,316 |
CUSTOMER BREAKDOWN
SHARE PERFORMANCE
SHAREHOLDER STRUCTURE
BOARD OF DIRECTORS
Position |
Name/Company name |
Appointment |
Last re-election |
Next re-election |
Chairman (proprietary) |
Alfonso Botín-Sanz de Sautuola y Naveda |
2005 |
2025 |
2029 |
CEO |
Patricia Ayuela de Rueda |
2022 |
|
2026 |
Proprietary Director |
Fernando Masaveu Herrero |
2021 |
2025 |
2029 |
Independent Director |
John de Zulueta Greenebaum |
2015 |
2025 |
2029 |
Independent Director |
Ana María Plaza Arregui |
2021 |
2025 |
2029 |
Independent Director |
Rita Estevez Luaña |
2021 |
2025 |
2029 |
Independent Director |
Iñaki Berenguer Mediavilla |
2025 |
|
2029 |
Independent Director |
Marina Specht Blum |
2025 |
|
2029 |
Highlights for the period
