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Mapfre SA (MAP.MC)

MAP.MC on Madrid SE C.A.T.S.

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Latest Key Developments (Source: Significant Developments)

Mapfre H1 Net Profit Down At 374.5 Mln Euros YoY
Thursday, 25 Jul 2019 

July 25 (Reuters) - Mapfre SA ::H1 NET PROFIT 374.5 MILLION EUROS VERSUS 385.7 MILLION EUROS YEAR AGO.H1 PREMIUMS 12.53 BILLION EUROS VERSUS 11.97 BILLION EUROS YEAR AGO.COMBINED RATIO 95.9% AT END-JUNE.RETURN ON EQUITY 6.0% AT END-JUNE VERSUS 7.8% YEAR AGO.H1 ADJUSTED NET PROFIT DOWN BY 3.4% AT 332.5 MILLION EUROS YOY.  Full Article

Oakley Capital Acquires Stake In Rastreator And Acierto
Wednesday, 1 May 2019 

May 1 (Reuters) - Oakley Capital Investments Ltd ::OAKLEY CAPITAL INVESTMENTS LTD. - ACQUISITION OF STAKE IN RASTREATOR AND ACIERTO.OAKLEY CAPITAL INVESTMENTS LTD - OAKLEY CAPITAL PRIVATE EQUITY III AGREED TO FORM A JOINT VENTURE WITH ADMIRAL GROUP PLC AND MAPFRE S.A..OAKLEY CAPITAL INVESTMENTS LTD - JOINT VENTURE TO COMBINE RASTREATOR AND ACIERTO.COM.OAKLEY CAPITAL INVESTMENTS LTD - CO'S INDIRECT CONTRIBUTION THROUGH ITS INTEREST IN FUND III IS EXPECTED TO BE ABOUT £17 MILLION.  Full Article

Mapfre Q1 Net Profit Up At 188.1 Mln Euros YoY
Tuesday, 30 Apr 2019 

April 30 (Reuters) - Mapfre SA ::Q1 NET PROFIT 188.1 MILLION EUROS VERSUS 187.0 MILLION EUROS YEAR AGO.Q1 PREMIUMS 6.40 BILLION EUROS VERSUS 6.20 BILLION EUROS YEAR AGO.Q1 REVENUE 7.67 BILLION EUROS VERSUS 7.26 BILLION EUROS YEAR AGO.COMBINED RATIO 95.9 PERCENT AT END-MARCH.  Full Article

Mapfre Expects 2021 Revenue At 30 Bln Euros
Monday, 25 Mar 2019 

March 25 (Reuters) - Mapfre SA ::SEES 2021 REVENUE AT 30 BILLION EUROS.SEES 2019-2021 RETURN ON EQUITY ON AVERAGE AT 10 PERCENT.SEES 2019-2021 NON-LIFE COMBINED RATIO AT 96 PERCENT AVERAGE.  Full Article

Mapfre And Banco Santander Reach Deal For Distribution Of Insurance Products
Monday, 21 Jan 2019 

Jan 21 (Reuters) - Mapfre ::TO BUY THROUGH MAPFRE ESPANA 50.01 PERCENT OF A NEWLY CREATED COMPANY FOR TOTAL PRICE OF 82.2 MILLION EUROS.BANCO SANTANDER, THROUGH ITS UNIT SANTANDER SEGUROS, WILL CONTINUE TO BE THE OWNER OF THE REMAINING 49.99 PERCENT OF SAID COMPANY.NEWLY CREATED COMPANY WILL SELL AUTO, COMMERCIAL MULTI-RISK, AND OTHER INSURANCE DISTRIBUTED IN BANCO SANTANDER NETWORK IN SPAIN.DEAL TO LAST UNTIL END OF 2037.  Full Article

Mapfre And Bankia Extend Scope Of Current Alliance In Banco Mare Nostrum Network
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Mapfre ::MAPFRE AND BANKIA EXTEND SCOPE OF CURRENT ALLIANCE FOR GENERAL P&C IN NON-LIFE TO THE BANCO MARE NOSTRUM NETWORK.  Full Article

Bankia Reaches Deal With Mapfre And Caser For The Reorganisation Of Bancassurance Alliances
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Bankia ::SAYS REACHES AGREEMENT WITH GRUPO MAPFRE <<>> AND GRUPO CASER FOR THE REORGANISATION OF ITS BANCASSURANCE ALLIANCES.SAYS DEAL WITH MAPFRE IMPLIES SALE OF 51% OF CAJA GRANADA VIDA AND CAJAMURCIA VIDA TO MAPFRE VIDA FOR EUR 110.3 MILLION.TO MAINTAIN ITS EXCLUSIVE BANCASSURANCE AGREEMENT WITH CASER IN BALEARIC ISLAND FOR LIFE AND PENSIONS BUSINESSES.SAYS IN THE NON-LIFE BUSINESS AGREES TO TERMINATE ITS ALLIANCE WITH GRUPO CASER.THE REORGANISATION DEAL WILL NOT RESULT IN SIGNIFICANT NEGATIVE IMPACT ON NET TOTAL EQUITY OF THE ENTITY.  Full Article

Mapfre Partners With GLL To Invest Up To 300 Mln Euros In Office Space In Europe
Tuesday, 6 Mar 2018 

March 6 (Reuters) - MAPFRE SA ::PARTNERS WITH GLL TO INVEST UP TO 300 MILLION EUROS IN OFFICE SPACE IN EUROPE WITHIN TWO OR THREE YEARS.INVESTMENT FOCUS IN LARGE CITIES IN GERMANY, FRANCE, AS WELL AS MARKETS LIKE AMSTERDAM, BRUSSELS, MILAN AND LUXEMBOURG.  Full Article

Brazil's BB Seguridade CEO José Mauricio Coelho expects profit levels to improve in 2019
Monday, 19 Feb 2018 

Feb 19 (Reuters) - Bb Seguridade Participacoes Sa ::BRAZIL SEGURIDADE CEO JOSE MAURICIO COELHO SAYS OPERATIONAL IMPROVEMENT WAS NOT ENOUGH TO OFFSET FALL IN INTEREST RATES.BRAZIL SEGURIDADE CEO COELHO AIMS TO CONCLUDE REORGANIZATION WITH PARTNER MAPFRE THIS YEAR.BRAZIL SEGURIDADE CFO WERNER SUFFERT SAYS LOW INTEREST RATES STILL A CHALLENGE FOR 2018.BRAZIL'S BB SEGURIDADE CEO COELHO EXPECTS PROFIT LEVELS TO IMPROVE IN 2019.BB SEGURIDADE CEO COELHO SAYS COMPANY WILL PAY AT LEAST 80 PERCENT OF PROFITS AS DIVIDENDS IN 2018.  Full Article

Mapfre FY Net Profit Falls 9.7 Pct to 700.5 Million Euros
Thursday, 8 Feb 2018 

Feb 8 (Reuters) - Mapfre SA ::SAYS NET COST OF LAST SEPTEMBER’S NATURAL DISASTERS IS 157 MILLION EUROS, 20 MILLION EUROS LESS THAN INITIAL ESTIMATE.FY NET PROFIT 700.5 MILLION EUROS VERSUS 775.5 MILLION EUROS YEAR AGO.FY PREMIUMS 23.48 BILLION EUROS VERSUS 22.81 BILLION EUROS YEAR AGO.FY REVENUE 27.98 BILLION EUROS VERSUS 27.09 BILLION EUROS YEAR AGO.TO PROPOSE FINAL DIVIDEND OF 0.085 EURO PER SHARE, MEETS OBJECTIVE TO MAINTAIN PAYOUT OF BETWEEN 50 AND 65 PERCENT.COMBINED RATIO 98.1 PERCENT AT END-DEC. VERSUS 97.4 PERCENT AT END-DEC. 2016.  Full Article

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Space insurance costs to rocket after satellite crash

LONDON/FRANKFURT Space rockets and satellites are likely to cost more to insure after the European Vega rocket crash this month, which hit insurers with a record space market loss of 369 million euros ($411.21 million), insurance industry sources say.