The MAPFRE Annual General Meeting approved the company’s financial accounts for 2019, a year in which the Group produced net earnings of 609 million euros, 15.2 percent higher than the previous year. Dividends charged to the 2019 results were also approved, totaling 0.145 euros per share (gross). As a result, MAPFRE will pay its shareholders 447 million euros in cash against the 2019 results.
The chairman and CEO underscored that continuing to assign more than 50 percent of annual earnings to dividend payments is one of MAPFRE’s commitments.
The reelection of board directors Ignacio Baeza, José Antonio Colomer Guiu and María Leticia de Freitas Costa was also approved for four-year terms, and the appointment of Rosa María García García as a board director was ratified.