MAPFRE Middlesea p.l.c. (MSE:MMS)

MAPFRE Middlesea p.l.c. Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	153.98	146.69	140.58	131.41	384.96	325.52
Total Interest & Dividend Income	14.23	19.87	2.88	-24.59	97.86	62.85
Gain (Loss) on Sale of Investments	-	-	-	0.54	-	-
Other Revenue	-3.95	-11.85	-6.29	11.73	0.79	0.71
Total Revenue	164.26	154.72	137.17	119.09	483.6	389.07
Revenue Growth (YoY)	15.31%	12.79%	15.19%	-75.38%	24.30%	-32.22%
Policy Benefits	130.88	123.87	107.29	106.43	316.59	265.7
Selling, General & Administrative	-	-	-	-	43.22	42.04
Provision for Bad Debts	-0.02	-0.01	0.02	-	-	-
Other Operating Expenses	6.53	6.05	5.84	4.37	103.2	61.26
Total Operating Expenses	137.4	129.91	113.15	110.79	463.01	369
Operating Income	26.87	24.8	24.02	8.29	20.59	20.07
Interest Expense	-	-	-	-	-0.12	-0.17
Other Non Operating Income (Expenses)	-	-	-	-	1.44	1.3
EBT Excluding Unusual Items	26.87	24.8	24.02	8.29	21.91	21.19
Asset Writedown	-	-	-	-	-1.52	-
Pretax Income	26.87	24.8	24.02	8.29	20.39	21.19
Income Tax Expense	7.88	6.81	8.08	2.68	7.47	6.91
Earnings From Continuing Ops.	18.98	17.99	15.94	5.62	12.92	14.29
Minority Interest in Earnings	-5.52	-5.48	-4.63	-1.14	-5.28	-5.16
Net Income	13.46	12.52	11.31	4.48	7.64	9.12
Net Income to Common	13.46	12.52	11.31	4.48	7.64	9.12
Net Income Growth	6.08%	10.70%	152.66%	-41.44%	-16.22%	-5.28%
Shares Outstanding (Basic)	92	92	92	92	92	92
Shares Outstanding (Diluted)	92	92	92	92	92	92
EPS (Basic)	0.15	0.14	0.12	0.05	0.08	0.10
EPS (Diluted)	0.15	0.14	0.12	0.05	0.08	0.10
EPS Growth	5.98%	10.70%	152.66%	-41.44%	-16.22%	-5.28%
Free Cash Flow	14.89	-21.49	-94.87	-49.6	29.43	24.43
Free Cash Flow Per Share	0.16	-0.23	-1.03	-0.54	0.32	0.27
Dividend Per Share	0.080	0.080	0.073	0.055	0.030	0.052
Dividend Growth	9.87%	9.87%	33.76%	79.66%	-42.02%	-
Operating Margin	16.36%	16.03%	17.51%	6.96%	4.26%	5.16%
Profit Margin	8.20%	8.09%	8.24%	3.76%	1.58%	2.34%
Free Cash Flow Margin	9.06%	-13.89%	-69.16%	-41.65%	6.09%	6.28%
EBITDA	28.02	25.93	25.1	9.36	21.45	21.01
EBITDA Margin	17.05%	16.76%	18.30%	7.86%	4.43%	5.40%
D&A For EBITDA	1.15	1.13	1.08	1.07	0.86	0.94
EBIT	26.87	24.8	24.02	8.29	20.59	20.07
EBIT Margin	16.36%	16.03%	17.51%	6.96%	4.26%	5.16%
Effective Tax Rate	29.34%	27.46%	33.62%	32.28%	36.62%	32.58%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.