Mapfre S A : (01.2022) Advance information regarding premiums
January 17, 2022 at 07:25 am EST
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Madrid, January 17, 2022
SPANISH SECURITIES AND EXCHANGE COMISSION
OTHER RELEVANT INFORMATION
In line with the current provisions, please find attached the relevant information for shareholders and the public in general.
Ángel L. Dávila Bermejo General Counsel
MAPFRE PREMIUMS GROW CLOSE TO 8% IN 2021
Revenue from premiums from the insurance business grew 8.6%
In IBERIA, premiums grew 8.5%, reaching almost 7.6 billion euros with positive development in key Non-Life lines and the Life Savings business
MAPFRE RE premiums increase 10.3%
In line with MAPFRE's commitment to transparency, we have released advance information to the market about premiums by region and business unit. This allows the public to follow the behavior of the key business indicator a few days ahead of the results presentation, which is planned for February 10.
This information makes it possible to provide a more complete understanding of the Group business performance, since some countries release information about MAPFRE's written premiums in advance of the results presentation.
Advance Information - Written Premiums and Exchange Rates - December 2021
REGION / BUSINESS UNIT
Written Premiums
DECEMBER 2021
DECEMBER 2020
%
IBERIA
7,596.4
6,998.9
8.5%
LATAM NORTH*
2,187.7
1,574.6
38.9%
LATAM SOUTH
1,617.8
1,450.5
11.5%
BRAZIL
3,340.1
3,085.4
8.3%
NORTH AMERICA
2,025.9
2,097.9
-3.4%
EURASIA
1,360.8
1,483.4
-8.3%
TOTAL INSURANCE
18,128.6
16,690.7
8.6%
MAPFRE ASISTENCIA
486.4
618.9
-21.4%
MAPFRE RE
6,274.6
5,686.5
10.3%
Reinsurance Business
4,991.6
4,430.7
12.8%
Global Risks Business
1,283.0
1,255.8
2.2%
Holding, eliminations and other
(2,782.3)
(2,513.9)
-10.7%
MAPFRE S.A.
22,107.3
20,482.2
7.9%
Million Euros
CURRENCY
Average Exchange Rate
DECEMBER 2021
DECEMBER 2020
%
US dollar
0.84775
0.87335
-2.9%
Brazilian real
0.15731
0.16746
-6.1%
Mexican peso
0.04178
0.04102
1.8%
Colombian peso
0.00022
0.00024
-5.0%
Peruvian sol
0.21805
0.24887
-12.4%
Dominican peso
0.01491
0.01542
-3.3%
Turkish lira
0.09235
0.12478
-26.0%
This information is provisional and subject to change
* Premiums to December 2021 include the multi -year policy in Mexico for the amount of 563 million USD (476 million euros)
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Disclaimer
Mapfre SA published this content on 17 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2022 12:24:03 UTC.
Mapfre S.A. is an insurance group organized around three areas of activity:
- non-life insurance (63.5% of written premiums): automotive insurance (38.3% of written premiums), P&C insurance (26.7%), accident and health insurance (11.4%) and other (33.6%);
- life insurance (19.2%);
- reinsurance (17.3%).
At the end of 2021, products are marketed through a network of 15 354 branches located in Iberia (8,992), Latin America (5,914), Eurasia (420) and North America (28).
Revenues break down geographically as follows: Iberia (41.8%), Eurasia (7.4%), Brazil (18.4%), Latin America (20.9%), North America (10.9%) and other (0.6%).