This growth was primarily supported by the expansion of operations, with the number of policies increasing by 7%, complemented by the
general rise in insurance premiums and, in particular, RCA motor third-party liability policies, following the lifting of the tariff cap for this class
Revenues from the intermediation of insurance premiums increased by 18.6% compared to 2024, up to RON126.3 million in 2025 and the net result climbed to RON4.55 million, up 81.1% on the year.
The sharp upward dynamics of the financial results in 2025 was predominantly driven by the last quarter of the year. In Q4/2025, against a 6.7% increase in the volume of gross written premiums intermediated compared to Q4/2024, revenues from intermediation activities rose by 40%, while profit increased tenfold compared to the same period (Q4/2024).
Compared to the levels budgeted for 2025 as approved by the Ordinary General Meeting of Shareholders held on 28 April 2025, revenues from distribution activities exceeded the budget by 7%, while the profit reported as at 31 December 2025 was 65% above the forecast level.
The average gross distribution commission approached 11.4%, higher by 1.12 percentage points (+11%) than the average gross commission calculated for 2024, while the annual profit margin reached 3.61%, a level supported by the profit margin in the fourth quarter of 8.7%, close to the Company’s historical margins.
During the reporting period, the value of the Company’s total assets increased by 5.1% compared to the previous financial year, as a result of both the dynamics of financial fixed assets, which increased by RON1,000 thousand, and the increase in the value of current assets by RON399.7 thousand, respectively 2% over the same period. The value of current assets, the most significant asset category for Transilvania Broker de Asigurare S.A., representing 81.2% of total assets, recorded a marginal increase during the reporting period as a result of the growth of both receivables by 1.8% and cash and cash equivalents by 2.2%.
According to the report, “the growth rate of expenses related to commissions payable to assistants in the intermediation activity compared to 2024 was 17.1%, slightly below the dynamics of revenues from distribution activities (+18.6%), so that the share of these expenses in brokerage revenues decreased by approximately 1 percentage point. This development, with a favorable impact on profitability during the reporting period, was facilitated by the consistency with which management applied, in previous periods, the policy of motivating and retaining human resources, a critical resource in the implementation of the development strategy for the forthcoming period. The strategic objective of strengthening the sales force materialized in aligning the level of brokers’ commissions primarily with the level of gross written premiums intermediated, and to a lesser extent with the revenues effectively generated by the Company.”
“Other operating expenses recorded mixed developments during the reporting period compared to the reference period. The reductions resulting from cost optimization measures were partially offset by the increase in expenses related to services provided by third parties (+30.4%). This increase reflects, on the one hand, the intensification of activity and the growth in the volume of gross written premiums intermediated, highlighted by the increase of RON 423.4 thousand (+45.8%) in expenses related to banking and similar services, driven in particular by the rise in fees charged by payment processors. On the other hand, the acceleration of Investments in digitalization and the development of IT infrastructure generated an increase in related expenses of approximately RON 554 thousand (+33%) over the same period. Consequently, total operating expenses increased as at 31 December 2025 by 16.7% compared to 31 December 2024, leading to an operating result for the reporting period of RON 5,316.6 thousand, a level almost double that of the reference period (+95%),” the report shows.
The shareholding structure on December 31, 2025 shows that PARTNERS FINANCIAL SERVICES acquired 39.09% of the share capital, individuals hold 32.32%, legal entities own 14.44%, and Login Gabriel owns 14.15%. The company has a market capitalization of RON81 million.
The shares of Transilvania Broker de Asigurare have traded 24.6% higher over the last 12 months.