Q3 2025 Mapfre SA Earnings Call Transcript

Oct 31, 2025 / 10:30 AM GMT

Release Date Price: $4.38

Transcript

Key Points

Positve

Mapfre SA (MPFRF) reported a net result increase of nearly 27%, reaching €829 million, with a return on equity of 12.4%.
Premiums grew by 3.5%, reaching over $22 billion, and would have grown nearly 8% at constant exchange rates.
The non-life combined ratio improved to 92.6%, with a strong reduction in the claims ratio to 65%.
The interim dividend increased to $0.07 per share, up nearly 8% compared to last year.
Mapfre SA (MPFRF) maintained a strong capital base with shareholders' equity up 5% during the year, reaching €8.9 billion.

Negative

Exchange rate volatility, particularly with the US dollar and Latin American currencies, is affecting the top-line.
The macroeconomic context is challenging, with a slowing world economy, fiscal tensions, trade wars, and higher geopolitical risks.
Premiums in North America are down 4% in euros, with a 3-point drag from the US dollar.
The life business in Brazil saw a 14% decline in premiums, impacted by currency and high interest rates.
The company recorded extraordinary impacts of €79 million from partial goodwill write-downs in Mexico and de-recognition of tax credits in Italy and Germany.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MAP.MC - Mapfre SA
Q3 2025 Mapfre SA Earnings Call
Oct 31, 2025 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to More Activity update for the 3rd quarter of 2025.

This is Leandra Clark, head of investor relations and capital markets.

Thank you for joining us today.

We are pleased to have here with us Jose Manuel Ntausti, Vice President of MapFR, who will provide some opening remarks and an overview of recent business trends.

Following that, Jose Luis Jimenez, our group CFfo, will discuss the main financial and Felipe Navarro, deputy general manager of the finance area will walk us through the balance sheet.

As a reminder, we report IFRS financial information on a half-year basis.

The information in this activity update is prepared under the accounting

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