MAPFRE has just released its first-quarter figures, which show a continuation of the positive trend already seen in 2024, a historic year. The Group recorded a profit of 276 million euros in the first three months, a 27.6% increase over the previous year, reflecting the success of the Strategic Plan implementation.
To delve deeper into the evolution of its main business lines, MAPFRE organized exclusive meetings in Madrid and London, branded as “Meet the Management.” These sessions, led by the Analyst and Investor Relations Area, facilitated connections between key sector analysts and investors with MAPFRE’s management team.
During the event, José Manuel Inchausti, Vice President of MAPFRE, emphasized the company’s 100% achievement of the Strategic Plan objectives and outlined new targets: an average ROE of 11-12% and a combined ratio of 94-95%. “With these results, we are a balanced company prepared to face any eventuality,” he stated.
A central theme of the meetings was the pivotal role of digital transformation in achieving these successes. Inchausti underscored the growing importance of digital business, the impact of the new innovation model, the launch of the first AI Manifesto, and the development of the REEF platform—a technological ecosystem designed to efficiently advance digitalization across various markets and generate easily exportable solutions between countries.
The discussions also covered the outlook for the automobile business, which has regained its balance and spurred growth in the United States and Iberia, alongside MAPFRE’s leadership in Latin America. Additionally, the diversification of MAPFRE RE’s portfolio and its growth plans in Life were highlighted, including the creation of a dedicated unit and the intention to expand this business in the United States following the successful launch of the first Cat Bond, and in Asia Pacific, particularly in India and China.
The meeting saw the attendance of nearly the entire management team, including Elena Sanz, CEO of Iberia; Eduardo Pérez de Lema, CEO of International Insurance; Jaime Tamayo, CEO of North America; Miguel Rosa, CEO of MAPFRE RE; José Luis Jiménez, Chief Financial Officer of MAPFRE; Felipe Navarro, Manager of Investor Relations, Capital Markets and M&A of MAPFRE; and Leandra Clark, Manager of Investor Relations.
