Record Revenue and EBIT
Total revenue increased by 5% in Q1 to around EUR 315 million (new all-time high). EBIT reached a new Q1 high of EUR 41.3 million and the company states it is well on track to meet FY2026 EBIT guidance of EUR 100–110 million.
Strong Property & Casualty Performance
Property & Casualty competence field delivered the strongest growth at +12% in Q1. Non-life insurance premium volume rose to a new all-time high of EUR 859 million, supporting stability and growth.
Stable AUM with Net Inflows
Assets under management remained stable at EUR 65.2 billion despite a temporary market downturn. The group recorded net AUM inflows of EUR 0.2 billion in Q1, and management notes markets have improved since the reporting date.
High Share of Recurring Revenue
Recurring revenue accounted for roughly 70% of group revenue as of end-2025, indicating revenue stability and visibility.
Robust Capital and Liquidity Position
Equity increased from EUR 585 million to EUR 615 million (+~5.1% vs prior reporting date). Regulatory capital ratio stood at 17.8% (as of 31 March) and the liquidity coverage ratio was very strong at 781% (well above the 100% regulatory minimum).
Confirmed Guidance and Midterm Targets
Management reaffirmed FY2026 guidance (EBIT EUR 100–110 million) and midterm 2028 targets (EBIT EUR 140–155 million; total revenue EUR 1.3–1.4 billion), with strategic initiatives to grow AUM and non-life premium volume.
Banking Segment Outperformance
MLP Banking performed slightly better than expected in Q1. CET1 ratio for the financial holding increased by ~120 basis points during the quarter, and interest-result benefits were noted because ECB rates did not decline as planned.
Digitalization and AI as Growth Drivers
Company is accelerating targeted, responsible use of artificial intelligence and digitalization to drive efficiency gains, improve client support and unlock growth potential across competence fields.