Mapfre released Q1 17 revenues of €7,854m (8.1% yoy). Non-Life sales amounted to €5,217m (+3.8% yoy) while Life’s increased by 33.8% to €1,456m. By regional area, Iberia represented 55.4% of the consolidated result, largely ahead of Mapfre Re (21.3%) and Brazil (11.2%). The Non-Life result recorded a 9.9% decrease to €252m and the combined ratio increased by 70bp to 97.5%. The Life result improved by €32.4% to €225m. The group’s net profit reached &eu
09 May 2017
Positive signals for 2017
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Positive signals for 2017
Mapfre SA (MAP:WBO) | 0 0 1.3% | Mkt Cap: 8,463m
- Published:
09 May 2017 -
Author:
Bassem Neifer -
Pages:
3
Mapfre released Q1 17 revenues of €7,854m (8.1% yoy). Non-Life sales amounted to €5,217m (+3.8% yoy) while Life’s increased by 33.8% to €1,456m. By regional area, Iberia represented 55.4% of the consolidated result, largely ahead of Mapfre Re (21.3%) and Brazil (11.2%). The Non-Life result recorded a 9.9% decrease to €252m and the combined ratio increased by 70bp to 97.5%. The Life result improved by €32.4% to €225m. The group’s net profit reached &eu