Mapfre posted FY 16 total revenues of €27,092m (+1.5% yoy). Total premiums recorded a 2.2% increase to €22,813m. The Non-Life segment showed a 1.5% growth relative to 2015 to €17,700m. The combined ratio stood at 97.4% vs. 98.6% a year before. The technical result jumped by 97.9% to €370.5m. The Non-Life result improved by 34% to €1,231m. The Life business FY 16 revenues declined by 5% to €5,113m, but the technical result is still negative at €-640.6m. The L
17 Feb 2017
The insurer is dancing the flamenco
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The insurer is dancing the flamenco
Mapfre SA (MAP:WBO) | 0 0 1.3% | Mkt Cap: 8,463m
- Published:
17 Feb 2017 -
Author:
Bassem Neifer -
Pages:
3
Mapfre posted FY 16 total revenues of €27,092m (+1.5% yoy). Total premiums recorded a 2.2% increase to €22,813m. The Non-Life segment showed a 1.5% growth relative to 2015 to €17,700m. The combined ratio stood at 97.4% vs. 98.6% a year before. The technical result jumped by 97.9% to €370.5m. The Non-Life result improved by 34% to €1,231m. The Life business FY 16 revenues declined by 5% to €5,113m, but the technical result is still negative at €-640.6m. The L