Mapfre Re: share capital increase

MapfreMapfre Re, the Mapfre group's reinsurance company, has proceeded to a 250 million EUR (263.475 million USD) increase of its share capital.

This operation aims at consolidating the company's balance sheet and improving its reinsurance capacity as well as its underwriting performance.

Mapfre Re is currently the second contributor to its parent organization's results. Over the past 15 years, the company has generated a cumulative net profit of 1.7 billion EUR (1.8 billion USD).

Despite a high claims experience in the reinsurance sector, Mapfre Re has recorded an average combined ratio of 96% over 15 years, and a return on equity (ROE) close of approximately 11%.

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