Mapfre Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	26,352	25,513	24,781	22,717	17,464
Total Interest & Dividend Income	913.6	788.5	649.1	1,340	992
Gain (Loss) on Sale of Investments	614.7	401.5	688.8	-273.29	674.7
Other Revenue	2,135	2,541	2,866	2,631	695.7
Total Revenue	30,016	29,244	28,985	26,415	19,840
Revenue Growth (YoY)	2.64%	0.89%	9.73%	33.14%	7.18%
Policy Benefits	16,078	16,457	16,904	15,402	12,865
Policy Acquisition & Underwriting Costs	6,051	5,577	5,358	4,915	4,611
Selling, General & Administrative	686.1	734.9	698	600.5	1,175
Other Operating Expenses	-444	-524.8	-536.2	-432.9	505.7
Reinsurance Income or Expense	-4,129	-4,273	-4,260	-4,076	722.4
Total Operating Expenses	26,499	26,517	26,684	24,560	18,435
Operating Income	3,517	2,727	2,301	1,855	1,405
Interest Expense	-239.3	-158.4	-154.4	-149.3	-83.2
Earnings From Equity Investments	43.8	-26.9	33.3	27.3	-0.1
Currency Exchange Gain (Loss)	-240.7	129	18.9	59.4	54
Other Non Operating Income (Expenses)	-535.4	-562	-524.9	-623.8	-37.6
EBT Excluding Unusual Items	2,545	2,109	1,674	1,169	1,339
Impairment of Goodwill	-37.9	-90	-75	-	-
Gain (Loss) on Sale of Assets	32.2	87.9	57.5	118.5	32.2
Asset Writedown	-14.8	-6.9	-9.1	-17	-15.6
Pretax Income	2,525	2,100	1,648	1,270	1,355
Income Tax Expense	727.5	512.5	381.1	296.3	319.5
Earnings From Continuing Ops.	1,797	1,587	1,267	973.7	1,036
Net Income to Company	1,797	1,587	1,267	973.7	1,036
Minority Interest in Earnings	-664.7	-619.8	-589.4	-410.1	-270.4
Net Income	1,133	967.5	677.2	563.6	765.2
Net Income to Common	1,133	967.5	677.2	563.6	765.2
Net Income Growth	17.07%	42.87%	20.16%	-26.35%	45.34%
Shares Outstanding (Basic)	3,064	3,067	3,064	3,055	3,061
Shares Outstanding (Diluted)	3,064	3,067	3,064	3,055	3,061
Shares Change (YoY)	-0.11%	0.10%	0.31%	-0.20%	0.38%
EPS (Basic)	0.37	0.32	0.22	0.18	0.25
EPS (Diluted)	0.37	0.32	0.22	0.18	0.25
EPS Growth	17.20%	42.72%	19.78%	-26.20%	44.79%
Free Cash Flow	1,576	1,439	1,549	509.9	-522
Free Cash Flow Per Share	0.51	0.47	0.51	0.17	-0.17
Dividend Per Share	0.180	0.160	0.150	0.145	0.146
Dividend Growth	12.48%	6.65%	3.65%	-0.96%	16.01%
Operating Margin	11.72%	9.32%	7.94%	7.02%	7.08%
Profit Margin	3.77%	3.31%	2.34%	2.13%	3.86%
Free Cash Flow Margin	5.25%	4.92%	5.35%	1.93%	-2.63%
EBITDA	3,680	2,839	2,414	1,992	1,510
EBITDA Margin	12.26%	9.71%	8.33%	7.54%	7.61%
D&A For EBITDA	163.3	112.3	112.3	136.7	104.9
EBIT	3,517	2,727	2,301	1,855	1,405
EBIT Margin	11.72%	9.32%	7.94%	7.02%	7.08%
Effective Tax Rate	28.81%	24.41%	23.13%	23.33%	23.58%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.