MLP (MLP) Q1 2025 earnings summary

Executive summary

• Achieved record Q1 2025 revenue of €301 million and EBIT of €37.8 million, continuing a positive growth trend across all main business fields.

• Assets under management remained stable at €62.8 billion; non-life insurance premium volume reached a record €779 million.

• Revenue growth was realized in life and health (+10%), wealth (+8%), and property and casualty (+5%).

• Digital strategy, including AI integration, is enhancing client services and operational efficiency.

• 2025 EBIT forecast confirmed at €100–110 million, with midterm planning targeting €140–150 million by 2028.

Financial highlights

• Total revenue increased by 6% year-over-year to €301 million, a new record.

• EBIT rose 2% year-over-year to €37.8 million; net profit grew 4% to €27.6 million.

• Shareholders' equity rose to €598 million; equity ratio at 14.2%, return on equity at 4.8%.

• Liquidity coverage ratio stood at 1,169%, well above regulatory requirements.

• Recurring revenues accounted for nearly 70% at the end of 2024.

Outlook and guidance

• EBIT forecast for 2025 confirmed at €100–110 million; midterm planning targets €140–150 million by 2028.

• 2028 planning targets total revenue of €1.3–1.4 billion, assets under management of €75–81 billion, and non-life insurance premium volume of €1.0–1.1 billion.

• Continued growth expected in life and health, and property and casualty; wealth revenue to remain at high levels.

• Digitalisation and AI expected to drive efficiency and client support improvements.

• Slightly lower interest income expected due to ECB rate cuts.