Company Overview of Linea Directa Aseguradora, S.A.
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
Founded in 1995
Key Executives for Linea Directa Aseguradora, S.A.
Compensation as of Fiscal Year 2014.
Linea Directa Aseguradora, S.A. Key Developments
Línea Directa Announces Earnings Results for the Fourth Quarter and Full Year Ended December 2014
Jan 22 15
Línea Directa announced earnings results for the fourth quarter and full year ended December 2014. In the fourth quarter alone, net interest income amounts to EUR 210.6 million. This is 10.2% more than in the third quarter of the year, confirming its growing trend.
For the year, the company reported profit before tax of Línea Directa stand-alone in the year amounts to EUR 133.9 million or 4.2% more than in 2013. The ROE for the period stands at 23.7%. Insurance income from company stands in 2014 at EUR 339 million as opposed to EUR 324 million the year before. This is 4.5% more. Net income has reached EUR 275.9 million. This is 45.3% more than in the preceding year. Net income at EUR 276 million is EUR 86 million higher than in 2013 or 45.3% above. Ordinary income has reached EUR 1.4 billion in the year. This is 8.2% more than a year ago. Net interest income has been growing on a steady manner and has reached EUR 755.4 million in 2014. This is 18.8% more than the year before. Net fee income accounts to -- for EUR 291.4 million in 2014. This is EUR 42 million more than in 2013 or 17% up and almost EUR 100 million more than 4 years ago. A great part of this improvement is due to the review of business model in private banking. In quarterly terms, fee income has reached EUR 74.8 million in the last quarter of the year, which represents 3.3% more than the preceding quarter or 5% more than in the same quarter of 2013.
Línea Directa Reports Standalone Earnings Results for the First Half of 2014
Jul 24 14
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
Apr 23 14
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.
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