Linea Directa Aseguradora SA (ES:LDA) has released an update.
Línea Directa Aseguradora has reported a significant turnaround in its financial performance, achieving a net profit of 40.7 million euros in the first nine months of 2024, a substantial improvement from the previous year’s loss. This growth is attributed to a better insurance margin, increased revenue, and a reduction in claims costs, resulting in a lower combined ratio of 95.4%. Additionally, the company has expanded its client base to 3.38 million, demonstrating strong commercial activity and retention rates.
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