August 20, 2014 3:08 AM ET

Insurance

Company Overview of Linea Directa Aseguradora, S.A.

Company Overview

Linea Directa Aseguradora, S.A. offers automobile insurance products and services in Spain. The company provides car, moped, motorbike, fleet, home, and quad insurance. It offers its products through phone and Internet. The company was founded in 1995 and is based in Tres Cantos, Spain. Linea Directa Aseguradora, S.A. operates as a subsidiary of Bankinter, S.A.

Ronda de Europa, nº 7

Tres Cantos,  28760

Spain

Founded in 1995

Phone:

34 90 236 71 67

Fax:

34 902 12 32 37

Key Executives for Linea Directa Aseguradora, S.A.

Compensation as of Fiscal Year 2014.

Linea Directa Aseguradora, S.A. Key Developments

Línea Directa Reports Standalone Earnings Results for the First Half of 2014

Línea Directa reported standalone earnings results for the first half of 2014. For the period, the company's profit before tax was EUR 66.6 million or 4% over the same period of 2013. The contribution of Línea Directa to group results after the amortization of intangible assets that arose in the purchase of the company stands at EUR 59 million after tax.

Línea Directa Reports Earnings Results for the First Quarter of 2014

Línea Directa reported earnings results for the first quarter of 2014. For the quarter, the company reported premiums have reached EUR 155.5 million. This is a small 0.5% reduction from last year levels. Profit before tax was EUR 33.9 million or 5.4% over first of 2013 levels. ROE was remains high at 18.5% despite the significant solvency excess.

Línea Directa Announces Standalone Earnings Results for the Year 2013

Línea Directa announced standalone earnings results for the year 2013. For the year, the company reported profit before tax of EUR 128.5 million or 5.8% more than in 2012. The company said that its ROE stands at 18.8%. The company's premiums have reached EUR 642 million and show a small 1.2% decline with respect to 2012.

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