The solvency position remains within the target range, and was affected by the fall in eligible own funds during the last quarter of the year.
MAPFRE has informed the General Directorate for Insurance and Pension Funds of the quarterly recalculation of its solvency position, following the Insurance Supervisor’s recommendations based on best practices for Internationally Active Insurance Groups. The current and previous quarters’ figures are detailed below for comparison purposes:
MAPFRE Group Solvency II ratio stands at 201.2 percent at December 2022, including transitional measures. This ratio would be 191.4 percent excluding the effect of these measures.
Eligible own funds reached over 9.2 billion euros at that date, of which 83.1 percent are of high quality (Tier 1).
The ratio remains highly stable and solid, backed by high diversification and strict investment and ALM policies.
The solvency position remains within the tolerance range established by the Group (target solvency ratio of 200 percent with a 25-percentage point tolerance range).