Mapfre surpasses €1 billion in profit for the first time
The insurer increases its profits by almost 20%.
BarcelonaMapfre surpassed €1 billion in profit for the first time last year, reaching €1.069 billion, a 19.6% increase compared to the previous year. The insurer attributes this result to a 46.8% rise in profits from non-life lines of business and the life insurance business in Spain, Portugal, and Brazil, which contributed almost €200 million, among other factors. The company will propose a dividend of €0.11 per share from the 2025 results and another of €0.0015, contingent upon an 85% quorum at the shareholders' meeting scheduled for March 13. The group's total premium income grew by 3.6% last year, reaching €29.144 billion, impacted by currency depreciation, particularly the Brazilian real and other Latin American currencies, the Turkish lira, and the US dollar. At constant exchange rates, premiums increased by 7.8%.
The company has called its shareholders' meeting for March 13th with proposals for the re-election of the chairman, Antonio Huertas, as executive director, and the distribution of two dividends. The proposal is to re-elect Huertas for another four years and Pilar Perales, who will continue as an independent director. In addition, the appointment of Ángeles Santamaría as an independent director must be ratified.
A distribution of €0.11 per share will also be proposed, so that the total remuneration charged against the 2025 results will amount to €0.18. The dividend ratio to results (pay-out) is 51.4%. At the same time, another dividend of 0.0015 euros will be proposed for all shareholders, conditional upon the quorum for the constitution of the meeting being 85% of the share capital.