Mapfre S A : Solvency ratio stands at 206.3 percent at the close of the fourth quarter of the year
March 10, 2022 at 03:43 am EST
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MAPFRE'S Solvency ratio stands at 206.3 percent at the close of the fourth quarter of the year
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It significantly improves compared to 2020 year-end and remains within the target range.
MAPFRE has informed the General Directorate for Insurance and Pension Funds of an update of its solvency position as on December 31, 2021. The current and previous quarters' figures are detailed below for comparison purposes:
MAPFRE Group Solvency II ratio stands at 206.3 percent as on December 2021, compared to 192.9 percent at the end of December 2020, including transitional measures. This ratio would be 195.2 percent excluding the effect of those measures.
Eligible own funds reached 9.3 billion euros at that date, of which 87 percent are of high quality (Tier 1).
The ratio remains highly stable and solid, backed by high diversification and strict investment and ALM policies. The Solvency Capital Requirement (SCR) reduction as on December 31, 2021 includes the impact of the Bankia Vida exit.
The Solvency position remains within the tolerance range established by the Group (target solvency ratio of 200 percent with a 25-percentage point tolerance range).
Redacción MAPFRE2022-03-10T08:32:08+00:0010 March 2022|Categories: Corporate News|
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Mapfre SA published this content on 10 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2022 08:42:02 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%).
MAPFRE S.A. 
