REVO Insurance (REVO) H1 2026 earnings summary

Executive summary

• Gross written premiums increased 15.0% year-over-year to €230.6 million, driven by product expansion and growth in Spain, with 87 brokers, 121 agents, and 391 REVO UW relationships.

• Consolidated net profit reached €13.54 million (adjusted €16.4 million), up from €11.31 million (adjusted €15.0 million) year-over-year, reflecting improved technical profitability.

• Confirmed S&P A- rating and Standard Ethics upgrade to EE+; entry into FTSE Italia Mid Cap Index and share price up over 30% since year start.

• Signed new commercial agreements, including with Satispay and Facile.it, and launched new products such as stand-alone Nat Cat coverage for micro-enterprises.

• Appointed a Branch Manager in Spain, doubling premium generation and strengthening the management team.

Financial highlights

• Insurance revenue rose 22.5% to €165.7 million compared to 1H 2025.

• Operating result increased 23.6% to €27.1 million; adjusted operating profit up 12.8% to €29.15 million.

• Investment income rose to €4.9 million, mainly due to higher coupon interest and portfolio diversification.

• Total assets increased to €685.03 million from €615.23 million at year-end 2025.

• Dividend of €0.27 per share was distributed in May 2026.

Outlook and guidance

• Continued focus on expanding distribution, digitalisation, and product innovation, especially in specialty and parametric lines.

• Ongoing search for inorganic growth opportunities, especially in the MGA landscape and Benelux region, with Eurocaution acquisition expected to boost Surety business.

• Further investments planned in technology and recruitment, particularly for underwriting and IT/data functions.