Mapfre: H1 2021 results

MapfreAt the end of June 2021, the Mapfre group has posted a half-yearly turnover of 11.662 billion EUR (13.8 billion USD), a 6.2% increase compared to the 10.982 billion EUR (12.3 billion USD) posted in the first half of 2020.

Non-life premiums stood at 9.346 billion EUR (11.12 billion USD) against 2.316 billion EUR (2.75 billion USD) for the life class of business. The non-life combined ratio has improved by 1.6 points to reach 95.1%.

The Spanish group has disbursed 588 million EUR (700 million USD) for the indemnities related to Covid-19, including 266 million EUR (316.6 million USD) in 2021. The half-yearly net result has grown by 34.5% to become 364 million EUR (433.3 million USD) against 270.7 million EUR (304.4 million USD) recorded in H1 2020.

By the end of June 2021, the group's shareholders' equity totaled 8.5 billion EUR (10.1 billion USD) and its total assets amounted to 71.1 billion EUR (84.6 billion USD).

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