MAPFRE’s Net Result Reaches €692 million (+7.7%) And The Adjusted ROE Is Nearly 10%

February 14, 2024

Spanish carrier MAPFRE has this morning published their results for 2023.

Highlights include:

  • MAPFRE’s net result reaches €692 million (+7.7%) and the adjusted ROE is nearly 10%
  • Premiums up 9.7%, to nearly €27 billion, the highest figure in the company’s history
  • Revenue grew 9.2%, reaching over €32.2 billion
  • MAPFRE RE increases its contribution to earnings, reaching €245 million (+71%), with solid business growth
  • Global Risks business is up 12.2%

Antonio Huertas, Chairman and CEO of MAPFREsaid: “In 2023, we hit records in terms of premiums, and this strong growth is already translating into profitability, with the adjusted ROE close to 10%. 

MAPFRE is overcoming the challenges of the current context and continues advancing its business transformation. Furthermore, we reaffirm the commitment to our shareholders with a final dividend of 9 cents, proof of the strength of the Group’s results and financial position.”

To read MAPFRE’s 2023 results in full click here.