Madrid, September 16, 2021
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'S SOLVENCY RATIO STANDS AT 194.5 PERCENT AT THE CLOSE OF
THE SECOND QUARTER OF THE YEAR
It improves compared to 2020 year-end and stays within the target range
MAPFRE has informed the General Directorate for Insurance and Pension Funds of an update of its solvency position as on June 30, 2021. Following recommendations from the Spanish supervisor, the Solvency Capital Requirement (SCR) continues to be calculated quarterly as a result of the COVID-19 crisis.
The current and previous quarters' figures are detailed below for comparison purposes:
12/31/2020 | 03/31/2021 | 06/30/2021 | |
Solvency Capital Requirement (SCR) | 4,622 | 4,695 | 4,772 |
Eligible Own Funds to cover the SCR | 8,917 | 9,436 | 9,282 |
Solvency ratio (SCR coverage) | 192.9 % | 201.0 % | 194.5 % |
Figures in millions of euros |
The movements in the ratio reflect the fluctuations intrinsic to the management of the insurance business as well as the variations associated with the different investment portfolios, both of which are in line with the Group's risk appetite.
The Solvency position remains within the tolerance range established by the company of 200 percent +/- 25 points.
Madrid, September 16, 2021.
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Mapfre SA published this content on 16 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2021 14:51:01 UTC.