Mapfre SA
MAD:MAP

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Mapfre SA
MAD:MAP
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Price: 4.296 EUR -0.32% Market Closed
Market Cap: 13.2B EUR

Mapfre SA
Investor Relations

Mapfre SA, a Spanish multinational insurance company, has woven its presence into the global tapestry of risk management and financial security since its inception in 1933. What began as a modest mutual insurance company in the agrarian lands of Spain has blossomed into a powerhouse, providing a wide array of insurance services across more than 100 countries. Headquartered in Majadahonda, Madrid, Mapfre's evolution has been driven by a combination of strategic acquisitions, international expansion, and a robust diversification strategy. This strategy encompasses general insurance, life insurance, reinsurance, and a suite of related services that make Mapfre not only a leader in the Iberian Peninsula but also a formidable player in Latin America and a notable presence in Europe and the United States.

At its core, Mapfre thrives on its underwriting prowess, adeptly assessing and pricing risk to ensure profitability while providing peace of mind to its clientele. The company generates revenue through premium collection from its vast range of insurance products, which span from automobile and health insurance to commercial and agricultural coverages. By employing a highly disciplined approach to risk assessment and claims management, Mapfre is skilled in balancing customer satisfaction with financial performance. This equilibrium is further supported by its investment portfolio, where prudent risk management helps to offset insurance liabilities. By strategically investing premiums in financial markets, Mapfre not only preserves capital but also fosters growth, fortifying its position as a stalwart in the global insurance landscape.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 31, 2025
AI Summary
Q3 2025

Strong Results: MAPFRE delivered excellent Q3 performance, with net result up nearly 27% to EUR 829 million and ROE of 12.4%.

Premium Growth: Total premiums rose 3.5% to over EUR 22 billion, and would have been up nearly 8% at constant exchange rates; Non-life premiums up over 6% at constant FX.

Profitability: Non-life combined ratio improved to 92.6%, down more than 2 points, driven by lower claims and disciplined expenses.

Dividend Increase: Interim dividend raised to EUR 0.07 per share, up almost 8%, making 2025 the highest year for total dividends at EUR 0.165 per share.

Capital Strength: Shareholders' equity is up 5% to EUR 8.9 billion, with a solvency ratio around 209%, comfortably within target range.

Regional Highlights: Iberia, Lat Am, and North America all delivered strong results; Brazil and MAPFRE RE had standout profitability, though currency impacts remain a headwind.

Prudent Approach: Extraordinary items included EUR 79 million in write-downs and tax adjustments, but no impact on cash flow or dividend capacity.

Outlook: Management remains optimistic, focusing on profitable growth, strategic execution, and resilience against macro headwinds.

Key Financials
Premiums
Over EUR 22 billion
Premiums (constant FX)
Nearly 8%
Non-life Premiums
Over EUR 17 billion
Life Premiums
Over EUR 5 billion
Non-life Combined Ratio
92.6%
Claims Ratio
65%
Expense Ratio
27.5%
Net Result
EUR 829 million
Net Result (excluding one-offs)
EUR 908 million
Return on Equity
12.4%
Return on Equity (excluding one-offs)
Over 13%
Shareholders' Equity
EUR 8.9 billion
Solvency Ratio
Close to 209%
Interim Dividend per Share
EUR 0.07
Total Dividends per Share (2025)
EUR 0.165
Total Dividends Paid (2025)
EUR 508 million
Average Dividend Yield (2025)
Over 5%
Average Dividend Yield (last 5 years)
More than 7%
Iberia Total Premiums
Up over 9%
Iberia Non-life Premiums
Up nearly 5%
Iberia Life Premiums
Up 20%
Iberia Combined Ratio
95.9%
Iberia Return on Equity
13%
Lat Am Net Result
EUR 340 million
Brazil Net Result
Almost EUR 200 million
Other Lat Am Contribution
Over EUR 140 million
North America Net Result
Nearly EUR 100 million
MAPFRE RE Net Result
EUR 256 million
MAPFRE RE Combined Ratio
Under 94%
Assets Under Management
More than EUR 63 billion
Third-party Assets Under Management
Over EUR 15 billion
Own Investment Portfolio
EUR 47.5 billion
Brazil Portfolio Yield
12.7%
Non-Life Net Financial Income
Up around 9%
Net Financial Gains
Around EUR 29 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Antonio Huertas Mejias
Chairman & CEO
No Bio Available
Mr. Fernando Mata Verdejo
Third Vice Chairman & Group CFO
No Bio Available
Mr. Francisco Jose Marco Orenes
Group Chief Business Support Officer & Director
No Bio Available
Mr. José Manuel Inchausti Perez
First Vice Chairman & CEO of Iberia Regional Area
No Bio Available
Carla Taboada Diez
Chief Operating Officer
No Bio Available
Mr. José Luís Jiménez Guajardo-Fajardo
Group Chief Investment Officer
No Bio Available
Ms. Vanessa Escriva Garcia
Corporate Dir. of Tech. and Group Chief Information Officer of Corporate Technology & Processes Area
No Bio Available
Ms. Leandra Elizabeth Clark
Head of Investor Relations
No Bio Available
Mr. Angel Luis Davila Bermejo
General Counsel
No Bio Available
Mr. Carlos Nagore Archilla
Corporate Director of Compliance
No Bio Available

Contacts

Address
MADRID
Majadahonda
Cr De Pozuelo De Alarcon 52
Contacts
+34915812318.0
www.mapfre.com