Mapfre, results 2017 - net profits and gross written premiums

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Spanish insurer, Mapfre, reported in late 2017, 701 million EUR (839.8 million USD) in net profits, down by 9.7% in comparison with 2016. This slowdown has been attributed to rising loss experience.

The Spanish market had sustained during the previous year 183.8 million EUR (220.2 million USD) in natural-catastrophe-related losses, 58.2 million EUR (69.7 million USD) of which were borne by Mapfre.

Gross written premiums have, nevertheless, progressed by 2.9%, settling at 23.5 billion EUR (28 billion USD). The company’s combined ratio was set at 98.1%.

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Thu, 12/04/2018 - 14:31
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