Financial Results Q3 2024​

The Board of Directors approved the Consolidated Financial Results as at Q3 2024: REVO grew beyond plan estimates, with a significant increase compared to Q3 2023. The results of the period confirm the excellent progression of the project:

- GWP of € 216.9 Million (+ 45.5% compared to Q3 2023)

- Adjusted operating profit € 26.4 Million

- Adjusted net profit € 17.0 Million

- Solvency II ratio 196.0%

The ambitious target of aiming for € 300 million in premiums by the end of the financial year remains confirmed.

In the Q3 period, many projects were developed, such as: the launch of Luminate, the AI digital partner able to facilitate the work of Underwriters; the completion of the authorization process for the REVO Iberia project; the evolution of OverX with the integration of new after-sales functionalities; and the expansion of the specialty and parametric offer: in particular, the number of parametric policies sold has already tripled compared to the same period in 2023.

A growth that fills us with pride and satisfaction, the result of the commitment of the entire team and our distribution network.

Read the press release here.