July 28 () –
Mapfre recorded a net profit of 338 million euros during the first six months of this year, which represents a decrease of 7.3%, as a result of the increase in the loss ratio derived from the current scenario of high inflation worldwide, as well as as well as the increase in mobility after the removal of restrictions by Covid-19.
Likewise, premiums increased by 7.3% during the first half of this year, reaching 12,510 million euros, especially highlighting the evolution of the Non-Life business (with growth of 8.1%), thanks to the improvement of the Automobile and General Insurance businesses.
This is the largest semi-annual volume in premiums in the last five years despite the economic context of the period, as reported by the insurer.
The group’s income in the first six months of the year amounted to 14,807 million euros, which represents an increase of 5.1% compared to the same period of the previous year.
Add Comment