THIRD VICE CHAIRMAN AND CHIEF FINANCIAL OFFICER (CFO)
DUAL STANDARDS
1 LISTED GROUP OF INSURANCE COMPANIES
NEW STANDARDS
IFRS 9 & 17
2
INSURANCE
COMPANIES
INSURANCE
ACCOUNTING
STANDARDS
OF EACH COUNTRY
2
RESULTS 2023
REVENUE
€24.8BN
+9.1%
VERY SOLID
BUSINESS GROWTH
NET RESULT
€677M
+20.2%
SUBSTANTIAL
IMPROVEMENT IN
PROFITABILITY
2023
DIVIDEND
€462M
+5.9%
COMMITMENT
WITH
SHAREHOLDERS
3
Million euros.
BUSINESS UNIT REVENUE
LATAM
MAPFRE RE
9,275 +9.9%
8,017 +15.3%
INSURANCE
REVENUE
€24.8BN
6,978
6,361
+9.1%
4,824 4,451
1,655
IBERIA
BRAZIL
OTHER LATAM
REINSURANCE GLOBAL RISKS
+7.1%
+13.9% +5.9%
+17.2% +8.4%
2,585
1,179
NORTH AMERICA
EMEA
+1.3% +3.5%
4 Million euros
2023 - BREAKDOWN OF RESULT
ATTRIBUTABLE RESULT
24,781
€677M+20.2%
€752M
+33.3%
1,041
928
1,648
677
-22,346
-1,394
-321
-589
-381
INSURANCE
INSURANCE
REINSURANCE
INSURANCE
FINANCIAL
OTHER
RESULT
NON-CONTROLLING
TAXES
ATTRIBUTABLE
REVENUE
SERVICE
SERVICE
AND
RESULT
RESULTS
BEFORE TAX
INTERESTS
RESULT
EXPENSES
REINSURANCE
RESULT
5 Million euros.
CONSOLIDATED
TOTAL
GROUP BALANCE SHEET
ASSETS
€54.9BN
+5.3%
INVESTMENTS
€44BN
+6.6%
INSURANCE CONTRACT LIABILITIES
€38.4BN
+7.9%
ATTRIBUTABLE
EQUITY
€8.5BN
+8.6%
6
ATTRIBUTABLE
DEVELOPMENT
EQUITY
€8.5BN
EXCL.
SHAREHOLDERS' EQUITY
9.2%
+8.6%
ROE
WRITEDOWN
GOODWILL
8.3%
7,797
8,467
CHANGES IN VALUE
+€360M
677
-447
+680
-320
+80
DECEMBER 2022
ATTRIBUTABLE
DIVIDENDS
FINANCIAL
INSURANCE
CURRENCY
DECEMBER 2023
RESULT
INVESTMENTS
LIABILITIES
CONVERSION
DIFFERENCES
AND OTHER
7
Million euros.
INVESTMENTS AND CASH
INVESTMENT PORTFOLIO
€44.0BN +6.6%
14.4%
EQUITIES AND
MUTUAL FUNDS
76.5%
FIXED INCOME
AND OTHER
4.7%
CASH
4.4%
REAL ESTATE
FIXED INCOME
31,691
GOVERNMENT DEBT
23,004
Spain
9,612
Rest of Europe
4,104
United States
1,742
Brazil
3,766
Latin America - Other
2,659
Other countries
1,121
CORPORATE DEBT
8,687
8 MillionMill neuross de .euros.
CAPITAL AND SOLVENCY
SOLVENCY II
RATIO
198.1%*
Tier 1
83%
Tier 2 & 3
17%
CAPITAL STRUCTURE
€12.4BN
7.0%
SENIOR
DEBT
13.1%
SUBORDINATED
DEBT
DEBT RATIO
77.9%
EQUITY
2.0%
BANK DEBT
<23%
9
Millones de euros.
*Data up to September 2023
THE MAPFRE SHARE IN 2023
1
2
3
4
5
209,140 3,079.5 €0.22
70.7%
8.8X
NUMBER OF
NUMBER
EARNINGS
PRICE/
PER
SHAREHOLDERS
OF SHARES
PER SHARE
BOOK VALUE
(MILLION)
(€ CENTS)
10
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Disclaimer
Mapfre SA published this content on
14 March 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
15 March 2024 13:32:07 UTC.
Mapfre S.A. is an insurance group organized around three areas of activity:
- non-life insurance (63.5% of written premiums): automotive insurance (38.3% of written premiums), P&C insurance (26.7%), accident and health insurance (11.4%) and other (33.6%);
- life insurance (19.2%);
- reinsurance (17.3%).
At the end of 2021, products are marketed through a network of 15 354 branches located in Iberia (8,992), Latin America (5,914), Eurasia (420) and North America (28).
Revenues break down geographically as follows: Iberia (41.8%), Eurasia (7.4%), Brazil (18.4%), Latin America (20.9%), North America (10.9%) and other (0.6%).
MAPFRE S.A. 
