Mapfre had warned investors last month that the exceptional hurricanes Harvey, Irma and Maria, and the earthquakes in Mexico would have a negative impact in the range €150-200m on the group’s attributable profit. However, in its Q3 report, the group does not know the exact total cost of the damage from these events, nor does it know that part of the cost corresponding to external reinsurers. The insurer included in the income statement its best estimate for the loss retention: &eur
26 Oct 2017
Solvency and dividend escape the hurricane impacts
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Solvency and dividend escape the hurricane impacts
Mapfre SA (MAP:WBO) | 0 0 1.3% | Mkt Cap: 8,463m
- Published:
26 Oct 2017 -
Author:
Bassem Neifer -
Pages:
3
Mapfre had warned investors last month that the exceptional hurricanes Harvey, Irma and Maria, and the earthquakes in Mexico would have a negative impact in the range €150-200m on the group’s attributable profit. However, in its Q3 report, the group does not know the exact total cost of the damage from these events, nor does it know that part of the cost corresponding to external reinsurers. The insurer included in the income statement its best estimate for the loss retention: &eur