Mapfre SA is a Spain-based holding company principally engaged in the insurance, financial and real estate sectors. Its services include a range of insurance policies, pension funds and pension plans, management of investment funds and other financial operations processing services to business and individuals. The Company is a parent of Grupo Mapfre, a group which comprises Mapfre Internacional SA, Mapfre Inmuebles SA, Desarrollos Urbanos CIC SA, Servicios Inmobiliarios Mapfre SA, Mapfre Re Compania Internacional de Reaseguros SA, Mapfre America SA, Mapfre Soft SA, Mapfre Asistencia Cia Internacional de Seguros SA, Iberoasistencia SA and Consulting Tecnologias Siam Viajes Mapfre, among others. During 2008, the Company merged by absorption with Mapfre-Caja Madrid Holding de Entidades Aseguradoras SA. The Company has operations in Europe, America, Africa and Asia. The Company’s majority shareholder is Fundacion Mapfre, with 63.93% of its interests.
Quick Financial Synopsis
BRIEF: For the nine months ended 30 September 2009, Mapfre SA's total revenue increased 13% to EUR11.24B. Net income for the period from continuing operations increased 4% to EUR744.5M. Total revenue reflects an increase in demand for the Company's products and services in Brazil, Venezuela and Argentina. Net income for the period from continuing operations was partially offset by lower other non-operating income.