9M 18 Mapfre’s revenues declined by 4.7% to €20,296m, driven by the Non-Life drop (-7.1% to €13,086m). The negative trend in emerging currencies was damaging for the insurer. The results of the Life and Non-Life business remained steady, at €640m and €566m, respectively. The net profit increased by 18.9% to €528m. Mapfre has received the regulatory authorisation to complete its Brazilian restructuring. No major changes are expected in our model. The ongoing rest
08 Nov 2018
The samba & flamenco combination needs more time
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The samba & flamenco combination needs more time
Mapfre SA (MAP:WBO) | 0 0 1.3% | Mkt Cap: 8,463m
- Published:
08 Nov 2018 -
Author:
Bassem Neifer -
Pages:
3
9M 18 Mapfre’s revenues declined by 4.7% to €20,296m, driven by the Non-Life drop (-7.1% to €13,086m). The negative trend in emerging currencies was damaging for the insurer. The results of the Life and Non-Life business remained steady, at €640m and €566m, respectively. The net profit increased by 18.9% to €528m. Mapfre has received the regulatory authorisation to complete its Brazilian restructuring. No major changes are expected in our model. The ongoing rest