MLP (MLP) investor relations material

Executive summary

• Achieved record highs in total revenue (€773.1 million) and assets under management (€64.2 billion) for the first nine months of 2025, despite a challenging macroeconomic environment.

• EBIT for the first nine months was €61.1 million, down 8% year-over-year but above the five-year average, with net profit at €44.6 million, a 7% decrease.

• Strategic focus on digitalization, especially AI integration, and a shift to less risky real estate business are key pillars for future growth.

• The group continues to expand its consulting business, increasing private clients, consultants, and branch offices.

Financial highlights

• Total revenue for the first nine months of 2025 reached €773.1 million, with recurring revenue accounting for 68–70%.

• EBIT for the period was €61.1 million, compared to €66.4 million in the prior year, and net profit was €44.6 million.

• Assets under management hit a record €64.2 billion; managed non-life insurance premium volume reached €794 million.

• Shareholders' equity stood at €577 million, with an equity ratio of 13.9%.

• EPS declined to €0.41 from €0.44 year-over-year.

Outlook and guidance

• Revised 2025 EBIT forecast to €90–100 million before one-off effects from real estate business focus, with potential negative impact up to €12 million.

• Midterm EBIT target for 2028 increased to €140–155 million, with total revenue expected at €1.3–1.4 billion.

• Expansion of assets under management to €75–81 billion and non-life insurance premium volume to €1.0–1.1 billion by 2028.

• Expecting slight revenue growth in property & casualty, stable revenue in life & health, and continued high revenue in wealth management, though cautious due to market volatility.

• Strategic focus on consulting for family clients and expansion in corporate and institutional segments.