MAPFRE hereby informs that today, and once the prerequisite administrative authorizations were received, it has formalized the sale to Warburg Pincus LLC of the entirety of its holdings in the companies PT ASURANSI BINA DANA ARTA TBK (ABDA) and PT MAPFRE ABDA ASSISTANCE, amounting to 62.33% and 51.00%, respectively. The final consideration for this transaction has [...]
The Group would have 7.7% growth, adjusting for the following non-recurring effects: the sale of BANKIA VIDA at the end of 2021 (-0.8%), the relevant multi-year policy in Mexico issued in 2021 (-4.5%) and currency appreciation in 2022 (+4.9%). Premiums from the insurance business grew 8.5%. MAPFRE RE premiums increase 13.9%. In line with MAPFRE’s commitment [...]
The aging of the population is leading public and private institutions to consider and seek out new solutions to make life easier for the elderly and their families and caregivers. Vive Fácil, a pilot project developed by Aerial and MAPFRE, within its MAPFRE Open Innovation (MOi) platform, to provide answers to these needs, received a silver [...]
Today, UNICAJA BANCO, S.A. (“UNICAJA”) has informed MAPFRE of its decision to terminate the alliance for the production and distribution of life insurance and pension plans through the UNICAJA network from Caja Castilla la Mancha. Notwithstanding UNICAJA having not formally notified the exercise of its right to a call option over the 50 per cent stake [...]
It maintains its solidity compared to 2021 year-end and remains within the target range MAPFRE has informed the General Directorate for Insurance and Pension Funds of the quarterly recalculation of its solvency position in line with the European Central Bank’s requirements within the financial stability framework, following the Insurance Supervisor’s recommendations based on best practices for [...]
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 [...]