Loading…
Spanish direct-to-consumer insurer selling motor, home and health policies by phone and online, without agents.
Spanish direct-to-consumer insurer selling motor, home and health policies by phone and online, without agents.
Earns premiums, most of them from motor insurance, and keeps more of each premium than agent-based insurers because it pays no agent commission. It also earns interest on premiums held until claims are paid, so claims control and pricing decide the result.
In one line: Spain's GEICO/Progressive-style direct auto insurer.
Moat: narrow (cost advantage, brand, data). Direct-distribution cost base and data-driven pricing beat agent-based rivals, but motor insurance is competitive.
Headquarters: Madrid, Spain · Founded: 1995
Size Linea Directa Aseguradora (LDA.MC) is a Spain Financials company (Multi-Line Insurance) with a market value of $1.48B, the 61st largest of 97 Spain companies the cockpit tracks. Shares closed at €1.21 on 6 Nov 2026.
Performance Over six months the shares gained 2.5%, against -0.6% for the median peer and +8.2% for the Spain market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 10.3% over the last twelve months (peer median +12.7%); the operating margin is 11.0% (peer median 8.1%).
Valuation It trades at 3.07× book value against a peer median of 1.05× (4th most expensive of 21).
Price implies The share price implies a return on equity of about 11.7%; Linea Directa Aseguradora delivers 23.3%, so the price asks less than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €1.18B | €1.12B | €1.04B | €999M | €972M |
| Revenue growth | — | +8% | +4% | +3% | — |
| Net income | €94.0M | €85.7M | €64.2M | -€4.39M | €63.1M |
| Free cash flow | €189M | €179M | €120M | €93.7M | €96.5M |
| Capital expenditure | €13.7M | €12.1M | €22.7M | €21.7M | €6.82M |
| Total debt | n/a | €2.50M | €2.83M | €2.04M | €3.77M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Linea Directa Aseguradora LDA.MC | $1.48B | +3% | +10% | 23% | 3.07× | 11.7% |
| Mapfre MAP.MC | $14.1B | -2% | +5% | 12% | 1.26× | 8.4% |
| Admiral ADM.L | $16.1B | +23% | 0% | 46% | 8.04× | 33.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LDA.MC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.3% | +1.8% | 8th lowest of 21 |
| 6-month return | +2.5% | -0.6% | 11th highest of 21 |
| Return on equity | 23.3% | 8.7% | 2nd highest of 21 |
| Price / book | 3.07× | 1.05× | 4th most expensive of 21 |
| Trailing P/E | 14.0× | 12.0× | 9th most expensive of 19 |
| ROE the price implies | 11.7% | 8.4% | 8th most demanding of 20 |
| ROE delivered | 23.3% | 8.7% | 2nd highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Linea Directa Aseguradora LDA.MC | Spain | $1.48B | +3% | +10% | 23% | 3.07× | 11.7% | 23.3% |
| Wuestenrot & Wuerttembergische WUW.DE | Germany | $1.39B | -6% | +4% | 3% | 0.25× | 3.6% | 2.7% |
| Trupanion TRUP | United States | $1.61B | +49% | +12% | 6% | 3.94× | 35.3% | 6.1% |
| Korean Reinsurance 003690.KS | South Korea | $1.74B | +8% | -2% | 14% | 0.73× | 4.8% | 14.4% |
| Central Reinsurance 2851.TW | Taiwan | $1.12B | +52% | +21% | 37% | 1.41× | 5.1% | 37.4% |
| Bowhead Specialty BOW | United States | $1.12B | +26% | +24% | 14% | 2.48× | 11.3% | 13.6% |
| Chesnara CSN.L | United Kingdom | $1.08B | +11% | +192% | 0% | 2.14× | 15.7% | 0.3% |
| Zhongan Online P&C Insurance 6060.HK | Hong Kong | $2.06B | -19% | +16% | 8% | 0.54× | 8.0% | 8.2% |
| Seoul Guarantee Insurance 031210.KS | South Korea | $2.26B | -8% | +14% | 6% | 0.61× | 4.5% | 6.0% |
| NIB NHF.AX | Australia | $2.29B | +4% | +5% | 17% | 2.90× | 13.2% | 16.6% |
| Pelagos Insurance Capital PLGO | United States | $2.29B | +33% | -4% | 18% | 1.03× | 6.5% | 17.6% |
| Go Digit General Insurance GODIGIT.NS | India | $2.44B | -21% | +9% | 12% | 4.91× | 37.4% | n/a |
| Religare Enterprises RELIGARE.NS | India | $845M | +4% | +18% | 3% | 2.67× | 23.7% | n/a |
| Vaudoise Assurances VAHN.SW | Switzerland | $2.66B | -8% | +14% | 6% | 0.78× | n/a | 5.9% |
| Skyward Specialty Insurance SKWD | United States | $2.68B | +29% | +38% | 17% | 2.11× | 10.2% | 17.3% |
| New India Assurance NIACL.NS | India | $2.74B | -5% | +9% | -1% | 0.62× | 14.0% | -1.3% |
| Sagicor Financial SFC.TO | Canada | $792M | -14% | -4% | 12% | 0.75× | 4.6% | 11.6% |
| Donegal DGICA | United States | $723M | +9% | -3% | 11% | 1.07× | 6.6% | 10.7% |
| Lemonade LMND | United States | $3.06B | -28% | +77% | -27% | 6.12× | 75.0% | -27.0% |
| F&G Annuities & Life FG | United States | $3.06B | -17% | +14% | 9% | 0.66× | 8.4% | 9.2% |
| Genworth Financial GNW | United States | $3.29B | -5% | -1% | 2% | 0.38× | 5.3% | 2.3% |