The company promotes the responsible consumption of resources, as well as the reduction, reuse and recycling of waste. In 2022, it has managed to institute “Zero Waste” at its headquarters in Spain, in a project that will be implemented in countries such as Mexico, Brazil and Puerto Rico. It is committed to recycling 84% of all [...]
It is lowering its estimate for this year by 1.2 percentage points and is maintaining its estimate for 2023 at 3.6% The Eurozone will be the region most acutely affected by war, both due to the depth of its trade ties and its energy dependence MAPFRE Economics, the MAPFRE Economic Research, reports that, after a first [...]
HIGHLIGHTS OF THE QUARTER The Group's revenue in the first three months of the year amounts to 7.56 billion euros. After falling for two years due to the pandemic, premiums reach 6.54 billion euros, their highest volume in five years. Premiums grow significantly in all regional areas with the exception of EURASIA. Geographic and business diversification [...]
The Board of Directors has agreed that the final dividend for the 2021 fiscal year, amounting to 0.085 euros gross per share, approved by the Annual General Meeting, will be paid on May 31. The total dividend for fiscal 2021 will therefore amount to 0.145 euros gross per share, marking a return to pre-pandemic levels. The [...]
MEAG, the asset manager of Munich Re Group, has launched a new European core office property fund. The fund focuses on high-quality office properties in prime locations in Europe's top venues. Munich Re and MAPFRE, the globally active Spanish insurance company, are partnering as seed investors for the fund. They are contributing to the initial asset [...]
The insurance company is increasing its demand for sustainability and positioning itself as a relevant player in the fight against climate change. It will reduce its environmental footprint as far as possible, and support decarbonization through underwriting and investment. By 2024, it will neutralize MAPFRE’s footprint in eight countries and by 2030, in the entire Group. [...]
Revenue from premiums from the insurance business grew 12.1 % In IBERIA, premiums grew 2.3 %, reaching over 2.5 billion euros with positive development in key Non-Life lines and the Life Savings business MAPFRE RE premiums increase 17.4 % In line with MAPFRE’s commitment to transparency, we have released advance information to the market about premiums [...]
It is the first Tier 3 subordinated issuance by a Spanish insurer MAPFRE has successfully placed the notes of an 8-year subordinated bond, for a total of 500 million euros, with a fixed interest rate set at 3.009 percent. The funds deriving from this transaction will be used to further strengthen the Group’s financial flexibility, in [...]
The Annual General Meeting approves the 2021 accounts and a gross dividend of 14.5 euro cents per share, recovering its pre-pandemic level. The Group presents its new Strategic Plan 2022-2024 under the motto, “We’re ready. Our time is now!” MAPFRE targets an average combined ratio of 94 to 95 percent, a solvency ratio of 200 percent, [...]
It significantly improves compared to 2020 year-end and remains within the target range. MAPFRE has informed the General Directorate for Insurance and Pension Funds of an update of its solvency position as on December 31, 2021. The current and previous quarters’ figures are detailed below for comparison purposes: MAPFRE Group Solvency II ratio stands at [...]