Operator

Good afternoon, ladies and gentlemen, and welcome to the MLP SE conference call regarding the publication of the results for the First Quarter 2026. [Operator Instructions]

Let me now turn the floor over to your host, Pascal Locher.

Pascal Locher
Head of Investor Relations

Thank you very much, and welcome to MLP's conference call to our results for the first quarter of 2026.

With me today is our CFO, Reinhard Loose. He will guide you through the presentation. And of course, we are happy to take your questions after the presentation. So please go ahead, Reinhard.

Reinhard Loose
CFO & Member of the Executive Board

Thank you, Pascal, and good afternoon, ladies and gentlemen. Firstly, the key takeaway for the first 3 months of the financial year 2026. MLP has once again made a strong start to the year. We've continued our midterm growth path while achieving new all-time highs in revenue and earnings at the same time. This positive development was driven in particular by the strong revenue growth in the Property & Casualty competence field, whilst figures in the Wealth and Life & Health competence fields remained stable. Thanks to our broad and strategically integrated positioning, we were able to successfully withstand the adverse external factors resulting from the military conflicts in the Persian Gulf.

This was achieved despite a significant increase in uncertainty for the German economy and heightened volatility in capital markets in recent years. MLP also demonstrated strength in the