Spain · Delayed Price · Currency is EUR Mapfre Earnings Call Transcripts
Fiscal Year 2026
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Record financial results were achieved in 2025, with strong growth in premiums, profits, and shareholder returns. Strategic focus remains on digital transformation, sustainability, and global expansion, while maintaining robust governance and risk management in a volatile environment.
Fiscal Year 2025
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Record profits and premiums were achieved, with strong technical improvements and robust capital. Growth is expected to continue in 2026, supported by a new brand identity, digital initiatives, and a favorable outlook for key markets, despite ongoing currency and regulatory challenges.
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Record highs in revenue, profit, and dividends were achieved, driven by strong technical performance, favorable interest rates, and geographic diversification, despite currency headwinds and regulatory impacts in Latin America. Continued investment in technology and a robust outlook for 2026 were highlighted.
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Profitability rose across all regions, with net result up 27% and strong combined ratios, despite FX headwinds. Dividend reached a record high, and prudent reserving and capital management continue. Outlook remains positive, with further improvements expected.
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Net profit rose 27% to EUR 829 million in the first nine months, driven by strong performance across regions and business lines. Premiums grew 3.5% despite FX headwinds, and the combined ratio improved to 92.6%. Interim dividend was raised, with a record payout over EUR 500 million.
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Strong H1 2025 results with premiums up 5% (10% at constant FX), net result up 24%, and improved combined ratios across regions. Diversification, technical measures, and prudent reserving drive profitability despite FX and macro headwinds. Positive outlook maintained.
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First quarter 2025 saw strong growth and profitability, with net income up 28% and improved combined ratios across all major regions. Diversification, technical discipline, and prudent capital management are supporting resilience amid currency volatility and market uncertainty.
Fiscal Year 2024
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Record net profit and premium growth were achieved, with strong technical results across regions and a robust dividend payout. Strategic targets were met or exceeded, despite currency headwinds and weather events, and the outlook for 2025 remains optimistic.
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Net income rose 39% to EUR 654 million, with strong technical management and improved combined ratios across key segments. Premiums grew 4.6%, and the interim dividend increased by over 8%. Currency headwinds and prudent reserving impacted results, but outlook remains positive.
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Net result surged 47% to EUR 462 million, with strong premium growth and improved combined ratios across key regions. Profitability in Brazil and North America was exceptional, while Iberia and EMEA are expected to improve further. ROE reached 10.6% and all financial KPIs are on track.