Spanish insurance company Mapfre achieved a net profit of 829 million euros in the first nine months of the year, an increase of 26.8% compared to the same period in 2024, according to results released by the company.
The improvement is influenced by the increase in non-life results, says the company in the information communicated to the Spanish National Securities Market Commission (CNMV), the equivalent of the Portuguese CMVM. Revenues grew 3.5% from January to September, to 22,383.8 million euros.
The non-life sector recorded an increase of 1.8%, with revenues rising to 17,303.8 million euros, and in the life sector the increase was 9.7%, with revenues rising to 5,080 million euros.
The group’s profitability grew in all regions and in all lines of business.
The Iberian Peninsula segment (Spain and Portugal) increased results by 22.5%, to 347.3 million, and premium income by 9.3%, to 7,823.7 million.
In Spain, the value of revenue increased to 7,508 million, while in Portugal it rose to 316 million.
The Spanish insurer reported that, due to prudential criteria, it recorded extraordinary impacts of 79 million until September due to the partial deterioration of goodwill in Mexico and the cancellation of deferred tax assets in Italy and Germany, without which the result would have been 908 million.
The company will pay a dividend to shareholders on November 28 of 7 cents gross per share. This distribution represents the fourth consecutive time that the group has increased the value of dividends.