Mapfre recorded H1 15 total revenues at €14,518m (+5.8% year-on-year). Premiums recorded a 3.3% increase at €12,175m. The Non-Life segment posted an 11.8% growth to €9,639m, but the Life business disappointed with a 19.8% drop to €2,535m. Non-Life's combined ratio stood at 99.1% vs. 95.7% in H1 14. H1 15 net profit recorded a 31% drop to €315.6m. The contribution to earnings from the Iberia area reached 52.4% and remains the most profitable territorial area along with
24 Jul 2015
US snowfall in February, frozen outlook in July
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US snowfall in February, frozen outlook in July
Mapfre SA (MAP:WBO) | 0 0 1.3% | Mkt Cap: 8,463m
- Published:
24 Jul 2015 -
Author:
Bassem Neifer -
Pages:
2
Mapfre recorded H1 15 total revenues at €14,518m (+5.8% year-on-year). Premiums recorded a 3.3% increase at €12,175m. The Non-Life segment posted an 11.8% growth to €9,639m, but the Life business disappointed with a 19.8% drop to €2,535m. Non-Life's combined ratio stood at 99.1% vs. 95.7% in H1 14. H1 15 net profit recorded a 31% drop to €315.6m. The contribution to earnings from the Iberia area reached 52.4% and remains the most profitable territorial area along with