Mapfre, S.A. (BME: MAP)

Mapfre Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	27,180	24,781	22,717	17,464	16,702	19,173
Total Interest & Dividend Income	378.8	-1,418	168.8	992	1,173	1,380
Gain (Loss) on Sale of Investments	688.8	688.8	-273.29	674.7	172.2	1,039
Other Revenue	2,858	2,866	2,631	695.7	430.2	522.4
Total Revenue	31,105	26,918	25,244	19,840	18,511	22,124
Revenue Growth (YoY)	74.74%	6.63%	27.24%	7.18%	-16.33%	3.94%
Policy Benefits	19,376	16,904	15,402	12,865	11,605	14,700
Policy Acquisition & Underwriting Costs	5,358	5,358	4,915	4,611	4,610	5,020
Selling, General & Administrative	1,308	698	600.5	1,175	1,184	1,240
Other Operating Expenses	-452.4	-536.2	-432.9	505.7	350.7	320.3
Reinsurance Income or Expense	-4,260	-4,260	-4,076	722.4	669.9	635.8
Total Operating Expenses	29,849	26,684	24,560	18,435	17,079	20,644
Operating Income	1,256	234.7	683.51	1,405	1,432	1,480
Interest Expense	-1,190	-154.4	-149.3	-83.2	-84.9	-77.5
Earnings From Equity Investments	33.3	33.3	27.3	-0.1	5.2	4.5
Currency Exchange Gain (Loss)	18.9	18.9	59.4	54	24.4	-0.3
Other Non Operating Income (Expenses)	1,542	1,542	547.59	-37.6	-22.1	-31.3
EBT Excluding Unusual Items	2,117	1,674	1,169	1,339	1,355	1,376
Gain (Loss) on Sale of Assets	57.5	57.5	118.5	32.2	-18	-2.6
Asset Writedown	-84.1	-84.1	-17	-15.6	-218	-94
Pretax Income	2,074	1,648	1,270	1,355	1,119	1,279
Income Tax Expense	500.7	381.1	296.3	319.5	297.8	324
Earnings From Continuing Ops.	1,573	1,267	973.7	1,036	820.7	955.2
Net Income to Company	1,573	1,267	973.7	1,036	820.7	955.2
Minority Interest in Earnings	-731.1	-589.4	-410.1	-270.4	-294.2	-346
Net Income	842.3	677.2	563.6	765.2	526.5	609.2
Net Income to Common	842.3	677.2	563.6	765.2	526.5	609.2
Net Income Growth	27.64%	20.16%	-26.35%	45.34%	-13.58%	15.19%
Shares Outstanding (Basic)	3,066	3,064	3,055	3,061	3,049	3,052
Shares Outstanding (Diluted)	3,066	3,064	3,055	3,061	3,049	3,052
Shares Change (YoY)	-	0.31%	-0.20%	0.38%	-0.09%	-0.08%
EPS (Basic)	0.27	0.22	0.18	0.25	0.17	0.20
EPS (Diluted)	0.27	0.22	0.18	0.25	0.17	0.20
EPS Growth	-	19.78%	-26.20%	44.79%	-13.50%	17.42%
Free Cash Flow	-	1,549	509.9	-522	-638.9	-106.1
Free Cash Flow Per Share	-	0.51	0.17	-0.17	-0.21	-0.03
Dividend Per Share	0.155	0.150	0.145	0.146	0.126	0.146
Dividend Growth	6.02%	3.66%	-0.96%	16.01%	-13.80%	0.97%
Operating Margin	4.04%	0.87%	2.71%	7.08%	7.74%	6.69%
Profit Margin	2.71%	2.52%	2.23%	3.86%	2.84%	2.75%
Free Cash Flow Margin	-	5.76%	2.02%	-2.63%	-3.45%	-0.48%
EBITDA	1,350	347	820.21	1,510	1,565	1,621
EBITDA Margin	4.34%	1.29%	3.25%	7.61%	8.45%	7.33%
D&A For EBITDA	94	112.3	136.7	104.9	132.8	141
EBIT	1,256	234.7	683.51	1,405	1,432	1,480
EBIT Margin	4.04%	0.87%	2.71%	7.08%	7.74%	6.69%
Effective Tax Rate	24.14%	23.13%	23.33%	23.58%	26.62%	25.33%

Source: S&P Capital IQ. Insurance template. Financial Sources.