Earnings release
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linea directa PRESS RELEASE 9M 2021 RESULTS LÍNEA DIRECTA ASEGURADORA GROWS IN REVENUES AND POSTS A PROFIT OF 86.3 MILLION EUROS UP TO SEPTEMBER , UP 5.9 % ON PRE - COVID LEVELS • • • Línea Directa Aseguradora reported further growth in policies throughout the third quarter of 2021 , reaching 3.32 million customers ( + 4.5 % ) , and in premium income , which exceeded 682.6 million euros ( + 1.1 % ) . Thanks to this increase in business and technical excellence , the group posted a net profit of 86.3 million euros through to September ( down 13.4 % on 2020 -an extraordinary year due to the pandemic- and up 5.9 % compared to 2019 , pre COVID - 19 ) . The company achieved a notable increase in the number of policyholders across all lines of business in a fiercely competitive market environment , and revenues grew sharply to exceed the sector average in both the Home ( + 8.4 % ) and Health ( + 23.9 % ) segments . The accounts of insurance companies are already responding to the easing of restrictions and claims frequency returning to pre - pandemic levels , along with the impact of atmospheric events . Despite the complex environment , Línea Directa maintained its outstanding technical performance thanks to careful underwriting and expense discipline , ending September with a combined ratio of 86.4 % and a return on equity ( ROE ) of over 34 % . The company's solvency margin stands at 200 % , well above the regulatory minimum , including the payment of the second interim dividend for 2021 . So far this year , the company has paid out a total of 52.3 million euros to its shareholders , representing a payout of 90 % of earnings for the first half of the year . One of the most notable strategic initiatives in the third quarter of 2021 was the launch of Vivaz Safe & GO , Línea Directa's first pay - as - you - go insurance for scooters and other personal mobility vehicles ( PMVs ) and which insures the person , thus placing the company at the forefront of new mobility . Madrid , 22 October 2021. The results of Línea Directa Aseguradora for the third quarter of 2021 show the group's outstanding technical performance amid a return to pre- pandemic loss ratio levels and an increase in atmospheric events . They also show how adept the company is on the commercial front at generating business in a highly competitive market context . Premium income at Línea Directa in the first nine months of 2021 amounted to 682.6 million euros , up 1.1 % on the same period in the previous year , thanks to the increase in commercial activity and the company's ability to retain its existing policies . By segment , in Motor , which accounts for 83 % of the business , revenues stood at 563.3 million ( -0.7 % , slightly outperforming the market , which shed -0.9 % ) , in an environment where used car sales are outpacing new car registrations ( which fell by 11 % in the year to September ) and competition is increasing . The company's revenues from the Home segment exceeded 1