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MAPFRE generates 609 million in 2019, a 15.2 percent increase

The MAPFRE Group has announced the financial results of 2019.

We share the highlights of the fiscal year:

•Revenues grow 7.1 percent, to 28.47 billion euros, and premiums increase by 2.2 percent, to 23.04 billion.

•Earnings at insurance units, MAPFRE’s core business, rise 17.7 percent, exceeding 806 million euros.

•Notable increase seen in the three main markets (Spain, Brazil and the United States).

•The Reinsurance business produces 77 million euros, despite the impact of extraordinary claims.

•Financial dividend: MAPFRE maintains its dividend and will pay its shareholders 0.145 euros per share against the 2019 results.

•Social dividend: The Group contributes 324 million euros in corporate tax, with an effective rate with respect to earnings of 25 percent.

To know more, access the full press release

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