Global insurer MAPFRE saw total written premiums grow by 6.2{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} in the first half of the year, the company has announced. Its reinsurance arm, MAPFRE RE, saw premiums grow by more than 11{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}.
In Spain, MAPFRE posted a year-over-year written premium increase of 6.9{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}, surpassing €4.2 billion (about SG$6.73 billion). In its Latin America North region, written premium spiked by 51.9{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}, hitting nearly €1.35 billion. However, North America posted a drop of 8.1{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}.
|
Region/business unit
|
Written Premiums (approximate)(in euros)
|
||
|
June 2020
|
June 2021
|
Change
|
|
|
Iberia
|
3.98 billion
|
4.25 billion
|
+6.9{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}
|
|
LatAm North
|
886.6 million
|
1.347 billion
|
+51.9{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}
|
|
LatAm South
|
726.8 million
|
756 million
|
+4{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}
|
|
Brazil
|
1.612 billion
|
1.596 billion
|
-1{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}
|
|
North America
|
1.116 billion
|
1.025 billion
|
-8.1{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}
|
|
Eurasia
|
775.8 million
|
737.7 million
|
-4.9{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}
|
MAPFRE is the largest Spanish insurer in the world, the top multinational insurance company in Latin America, and the sixth-largest non-life insurer in Europe by premium volume.
The company has 19 offices across the world, employs 34,000 people and services 29 million clients.
Last year, MAPFRE posted net earnings of €526.5 billion, with group revenues of €25.42 billion and a combined ratio improvement of nearly 3{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} to 94.8{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} despite the impact of the COVID-19 pandemic.
More Stories
Financial Investment Tips: How to Get Prepared for Investing and Starting a Portfolio
What is a Spiritual Long Term Investment?
Car Insurance Reviews – 4 Big Benefits of Reading Them