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MAPFRE reveals new Strategic Plan 2022-2024: premiums will grow 5-6 percent with a ROE of 9-10 percent

2022-03-11T12:44:54+00:0011 March 2022|Categories: Corporate News|

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, [...]

MAPFRE’S Solvency ratio stands at 206.3 percent at the close of the fourth quarter of the year

2022-03-10T13:16:59+00:0010 March 2022|Categories: Corporate News|

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 [...]

Agreement with Aseana Insurance for the sale of Abda and Abda Assistance

2022-03-07T07:43:53+00:007 March 2022|Categories: Corporate News|

MAPFRE hereby informs that, in execution of its decision to exit the Indonesian insurance market, it has reached an agreement with Aseana Insurance Pte. Ltd, an entity domiciled in Singapore and belonging to investment funds managed or advised by Warburg Pincus LLC, for the sale of the entirety of its holdings in the companies PT ASURANSI [...]

MAPFRE’s dividend returns to pre-pandemic level at 14.5 euro cents per share

2022-03-01T13:12:48+00:001 March 2022|Categories: Corporate News|

The company held a meeting with more than a hundred shareholders to explain the results for the 2021 fiscal year MAPFRE organized another meeting between company directors and shareholders, an event it was able to hold in person again. Before an audience of more than a hundred investors, 40 of them physically present in the Fundación [...]

MAPFRE launches a new global call for startups

2022-02-28T11:21:39+00:0028 February 2022|Categories: Corporate News|

The fourth edition of its insur_space program will focus on three verticals: health and wellness, climate risks, and cybersecurity for SMEs. Insur_space by MAPFRE has launched a new fast-track-to-market program to attract initiatives from around the world that want to grow in the insurance market. The call will remain open until March 31 and is aimed [...]

MAPFRE recycles 351 tons of waste in one year and obtains zero waste certification at its corporate head offices

2022-02-23T07:57:25+00:0023 February 2022|Categories: Corporate News|

AENOR certifies four buildings at MAPFRE's head offices. It uses 92% of the waste it generates to prevent it from ending up in a landfill and to avoid producing CO2 emissions. In 2022, it will continue to push measures to reduce its waste by 5% and increase recycling by 3%. The company is committed to renewing [...]

Financial dividend

2022-02-10T07:25:03+00:0010 February 2022|Categories: Corporate News|

The Board of Directors has agreed to propose to the Annual General Meeting a final dividend for the 2021 fiscal year of 8.5 euro cents per share, gross. Under this proposal, the dividend that the Group paid prior to the pandemic is recovered. As such, the total dividend charged against the 2021 fiscal year amounts to [...]

Social commitment

2022-02-10T07:23:02+00:0010 February 2022|Categories: Corporate News|

The main indicators of the Group's social commitment are as follows: Tax contribution: in addition to complying with all legal and tax obligations in the respective countries, the Group's corporate income tax contribution for the 2021 fiscal year will be 319 million euros, which equates to an effective rate of 23.6 percent. Commitment to ESG investments: [...]

MAPFRE raises earnings by 45.3 percent to 765 million euros in 2021

2022-02-10T07:21:27+00:0010 February 2022|Categories: Corporate News|

KEY ASPECTS OF THE FISCAL YEAR Earnings would have stood at 703 million euros (+6.8 percent) discounting the extraordinary receipt from Bankia and the cost of operational restructuring. Group revenues are up by 7.2 percent, exceeding 27.3 billion euros, and premiums grow 8.2 percent to 22.2 billion euros. Diversification pays off: all the Group's regional areas [...]