Madrid, July 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

6M 2022 Results

Analyst & Investor presentation July 28th, 2022

2022-24 Strategic Plan on track and commitment to sustainable dividend path

Robust growth trends in

main markets with

tailwinds from currencies

PREMIUMS +7.7%*

IBERIA +2%*

MAPFRE RE +14%

BRAZIL +19%*

Disciplined growth in profitable

lines of business, leveraging

multi-channel approach

Focus on organic growth with

extremely prudent M&A

strategy

Benefitting from diversification and restructuring, focused on profitability

Resilient profitability in core

operations

High level of business

diversification with negligible

exposure to Ukraine conflict

Improved combined ratios in

General P&C and Life

Protection, mitigating pressure

on Motor and Health

Reaching final stages of

restructuring processes

Executing Motor profitability initiatives across all regions

Challenging context >impact

from inflation, changes in driving patterns and frequency at pre- Covid levels or even higher

Tariffs > rate increases on both

new business and renewals

Cost contention >especially

claims costs (i.e. spare parts and provider network management)

Strict underwriting measures >

portfolio pruning

Financial strength and

flexibility

Strong Solvency II ratio (205%) as of March 2022

April Tier 3 issuance to boost

ratio by over 10 p.p.,

mitigating the fall in

shareholders' equity in Q2

High level of liquidity and

comfortable with current debt

levels

Prudent approach to

investments > low credit risk

and decreasing portfolio

duration

  • Adjusted at constant exchange rates and excluding the impact of the multi-year policy in Mexico and the exit of BANKIA Vida in 2021, as applicable
    2

Key Figures >6M 2022

6M 2022

on a like for

like basis

(1)

Total written and accepted premiums

12,510

7.3%

7.7%

- Non-Life

10,106

8.1%

9.2%

- Life

2,404

3.8%

1.7%

Non-Life Combined Ratio - MAPFRE S.A.

98.3%

3.2 p.p

Non-Life Loss Ratio

71.2%

5.2 p.p

Non-Life Expense Ratio

27.1%

-2.0 p.p

Non-Life Combined Ratio - Insurance units

99.1%

3.9 p.p

Attributable result

337.6

-7.3%

Excluding

non-operating

items

ROE

(2)

9.2%

0.2 p.p

8.4%

Balance sheet

(2)

Assets under management

53,075

-8.5%

Shareholders' equity

7,629

-9.9%

3M 2022

Solvency ratio

(2)

205.3%

-1.0 p.p

Premium growth

7.3%

Currency movements

-4.9%

Multi-year policy (Mexico)

4.5%

BANKIA

0.8%

Premium growth (like for like)

7.7%

  1. At constant exchange rates and excluding the impact of the multi-year policy in Mexico and the exit of BANKIA Vida in 2021, as applicable
  2. Variation calculated against data at December 31st, 2021

Million euros

3

Adjusted attributable result & non-operating & operating extraordinary impacts

6M 2021

6M 2022

(mn)

(%)

Attributable result

364.0

337.6

(26.4)

-7.3%

Non-operating extraordinary impacts

(1)

7.8

7.8

Attributable result

364.0

329.8

(34.2)

-9.4%

(adjusted for non-operating extraordinary impacts)

Operating extraordinary impacts

(49.1)

(60.2)

(11.1)

NatCat claims

(2)

(88.0)

(88.0)

COVID-related claims (Life Protection LATAM & MAPFRE RE)

(75.0)

(22.4)

52.6

Financial Gains & Losses

(3)

18.5

22.2

3.7

Other

(4)

7.4

28.0

20.6

Attributable result

413.1

390.0

(23.2)

-5.6%

(adjusted for operating & non-operating extraordinary impacts)

  1. Includes net gains (€8.9 mn) from the sale of operations in Australia, Turkey and the Middle East and the impact from a restructuring provision (-€1.1 mn)
  2. The total includes impacts at MAPFRE RE (-€51 mn), and insurance units in Brazil (-€28 mn) and Paraguay (-€9 mn)
  3. Net of writedowns, in actively managed financial investment portfolios in euro area and MAPFRE USA and other financial income & expenses, as well as real estate
  4. 2022 figures include various non-recurring tax impacts; 2021 figures include the impacts from the voluntary retirement scheme in IBERIA, a release of an earnout provision and the contribution of real estate to a joint venture vehicle and various asset sales

Million euros

4

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Mapfre SA published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 06:27:04 UTC.