MAPFRE S.A. Madrid, April 28, 2022
SPANISH SECURITIES AND EXCHANGE COMMISSION (CNMV)
In accordance with article 227 of the Recast Text of the Securities Market Act, MAPFRE S.A. (MAPFRE) hereby gives notice to the Spanish Securities and Exchange Commission of the following
OTHER RELEVANT INFORMATION
Please find attached the documentation to be presented to investors in upcoming meetings.
Ángel L. Dávila Bermejo
General Counsel
Strong growth and resilient profitability in a challenging market context
Robust growth trends in main markets
PREMIUMS +11%
Strong profit contribution from core operations
IBERIA +2.3%
Geographical diversification: negligible exposure to Ukraine conflict and benefitting from
Outstanding renewals in
LATAM presenceShareholders' equity impacted by higher interest rates in Q1, mitigated by currency movements
MAPFRE RE +17%
MAPFRE RE
BRAZIL +35%
LATAM NORTH +27%
LATAM SOUTH +25.5%
Strong reduction in COVID losses > especially Life Protection claims in Latam
Business lines: improved combined ratios in General P&C and Life Protection, mitigating pressure in Motor
High level of solvency (206%)
at 2021 year end with a reduction in sensitivity to spread widening
Tailwinds from main currencies
Disciplined growth in profitable lines of business
Pressure on Motor profitability > higher claims costs and mobility, with pricing actions across the board
Multi-channel approach: offsetting loss of important distribution network in 2021
Successful Tier 3 issuance allowing us to strengthen Solvency II ratio by over 10 p.p.
Streamlining through sale of non-strategic businesses: during Q1
Return to pre-Coviddividend €0.145 against 2021 fiscal year, and final dividend to be paid
May 31st
Key Figures > 3M 2022
Δ
3M 2022
Total written and accepted premiums
- Non-Life
- Life
6,538 5,368 1,170
10.9% 12.5% 3.9%
Non-Life Combined Ratio - MAPFRE S.A.
Non-Life Loss Ratio
Non-Life Expense Ratio
98.0% 70.5% 27.5%
3.7 p.p 4.2 p.p -0.5 p.p
Non-Life Combined Ratio - Insurance units
Attributable result
99.2% 154.5
5.2 p.p -10.9%
Attributable to the Parent Company Attributable to Non Controlling Interests
(1) Variation calculated against data at December 31st, 2021
(2) Variation calculated against data at December 31st, 2020
Adjusted attributable result
3M 20213M 2022Δ (mn)
Δ (%)
Attributable result | 173.3 | 154.5 | (18.8) |
Non-operating extraordinary impacts | |||
Attributable result (adjusted for non-operating extraordinary impacts) | 173.3 | 154.5 | (18.8) |
Financial Gains & Losses (1) | 9.9 | 21.3 | 11.4 |
-10.9%
-10.9%
(1) Net of writedowns, in actively managed financial investment portfolios in euro area and MAPFRE USA and other financial income & expenses
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Mapfre SA published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 11:09:51 UTC.
