Mapfre, SA (ES:MAP) has released an update.
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MAPFRE, S.A. reports a robust 46% increase in profits for the first half of 2024, reaching 462 million euros, driven by strong performance in the United States, Spain, and reinsurance sectors. The company’s growth includes a rise in Non-Life premiums by 5.5% and a consolidated improvement in financial results, including a 12% increase in the financial result. With the adoption of new IFRS accounting standards, MAPFRE’s net result soared by 64.5%, reflecting a solid strategic plan execution.
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