Qualitas Controladora SAB de CV Class I ( (QUCOF) ) has released its Q1 earnings. Here is a breakdown of the information Qualitas Controladora SAB de CV Class I presented to its investors.
Qualitas Controladora SAB de CV is a leading auto insurance provider in Mexico, with operations extending to the United States, Peru, Costa Rica, El Salvador, and Colombia, known for its extensive coverage network and first-rate service. In the first quarter of 2025, Qualitas reported a robust financial performance, highlighted by a significant increase in net income and a record number of insured units. The company achieved a 12% growth in written premiums compared to the previous year, reaching $18,822 million pesos, and a 73.3% increase in net income, totaling $2,145 million pesos. The company’s loss ratio improved to 59.7%, reflecting a decrease in claims frequency and favorable weather conditions. Additionally, Qualitas reported a strong return on investment of 10.8% and maintained a high solvency margin of 362%. Looking ahead, Qualitas aims to strengthen its leadership in the Mexican market, accelerate growth in its subsidiaries, and expand its service offerings within the insurance ecosystem.