REVO Insurance (REVO) Q3 2025 earnings summary

Executive summary

• Gross written premiums reached €280.7 million, up 29.4% year-over-year, with strong technical profitability and growth across most business lines.

• Adjusted operating profit rose to €41.2 million and adjusted net profit to €24.2 million, both significantly higher than the prior year.

• Strategic initiatives included expansion in the Specialty segment, launch of the Energy line, and entry into the Bancassurance channel.

• Continued investment in AI and digital platforms, notably the OverX and Luminate systems, to drive operational efficiency.

Financial highlights

• Revenues from insurance contracts were €210.7 million, up from €161.3 million year-over-year.

• IFRS 17 combined ratio improved to 83.4% from 84.9% in Q3 2024, reflecting enhanced cost control.

• Net financial result was €4.1 million, with a positive investment portfolio contribution of €6.4 million.

• Group shareholders' equity increased to €260.8 million from €244.5 million at year-end 2024.

• One-off tax effect of €1.3 million related to the LTIP Plan impacted results.

Outlook and guidance

• Full-year production and profitability expectations confirmed, including for the Iberia branch.

• Q4 will focus on further development of operating and distribution infrastructure and continued growth in Spain.