Línea Directa Aseguradora Compañía de Seguros y Reaseguros Reports Third Quarter 2024 Earnings

Línea Directa Aseguradora Compañía de Seguros y Reaseguros (BME:LDA) Third Quarter 2024 Results

Key Financial Results

• Revenue: €19.4m (down 92% from 3Q 2023).
• Net income: €15.3m (up 186% from 3Q 2023).
• Profit margin: 79% (up from 2.1% in 3Q 2023). The increase in margin was driven by lower expenses.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Línea Directa Aseguradora Compañía de Seguros y Reaseguros Earnings Insights

Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Insurance industry in Europe.

Performance of the market in Spain.

The company's shares are up 7.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Línea Directa Aseguradora Compañía de Seguros y Reaseguros has 1 warning sign we think you should be aware of.

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