Slide 1: 3M 2020 Results
3M 2020 Results Analyst & Investor presentation May 18th, 2020
Slide 2: COVID-19 strategy
COVID-19 strategy MAPFRE and COVID-19 > €200 mn mobilized PEOPLE > Business continuity plan implemented in all countries and units, with close to 90% of employees working from home, in order to protect their health as well as the health of brokers and clients. At the same time, essential services fo
Slide 3: Economic impacts
Economic impacts The COVID-19 crisis has had asymmetric economic impacts on the balance sheet and P&L > - The asset side is already reflecting the impact of the crisis - Impacts on the liability side should be manageable - Business volumes have been affected by lower economic activity and confinemen
Slide 4: Key Figures > 3M 2020
Key Figures > 3M 2020 Δ at constant 3M 2020 Δ exchange rates Revenue 7,333 -4.5% -1.6% Total written and accepted premiums 6,097 -4.7% -1.5% - Non-Life 4,898 -2.0% 0.6% - Life 1,200 -14.3% -9.1% Non-Life Combined Ratio - MAPFRE S.A. 100.0% 4.1 p.p Non-Life Loss Ratio 70.8% 3.5 p.p Non-Life Expense R
Slide 5: Key figures > by business unit
Key figures > by business unit Premiums – Breakdown by business unit (2) Attributable result Premiums Combined ratio ROE ASISTENCIA 3M 2020 Δ mn Δ% 3M 2020 Δ% 3M 2020 Δ p.p. 3M 2020 Δ p.p. 3.3% IBERIA 103.2 (16.4) -13.7% 2,415 -4.4% 96.5% 3.9 p.p 12.2% -0.4 p.p IBERIA LATAM 65.0 16.8 34.8% 1,693 -4.
Slide 6: Adjusted attributable result
Adjusted attributable result 3M 2019 3M 2020 Δ (mn) Δ (%) Attributable result 188.1 126.8 (61.3) -32.6% Weather related and NatCat claims 0.0 (67.5) (67.5) (1) Direct insurance operations 0.0 (32.8) (32.8) MAPFRE RE (2) 0.0 (34.7) (34.7) Attributable result excluding Weather related and NatCat claim
Slide 7: Shareholders’ equity
Shareholders’ equity Change in shareholders’ equity (€ mn) Currency conversion differences (€ mn) 03.31.2020 Δ % Δ currency Balance at 12/31 previous year 8,854 Total -1,569 ** -328 - Result for the period 127 of which: Dividends -262 US dollar 530 40 1.7% Net unrealized capital gains of AFS portfol
Slide 8: Solvency II
Solvency II Solvency II position (2019 figures) Solvency II sensitivities Ratio Impact 12.31.2018 12.31.2019 Ratio at 12.31.2019 186.8% - Eligible Own Funds (EOF) 8,819 8,976 Interest rate +100bp 177.3% -9.5% Solvency Capital Requirement (SCR) 4,653 4,805 Interest rate -100bp 195.5% 8.7% EOF-SCR 4,1
Slide 9: Investment portfolio
Investment portfolio Investment portfolio – Breakdown by asset class Fixed income portfolios – Euro area - actively managed (IBERIA & MAPFRE RE) Non-Life Life 12.31.2019 03.31.2020 12.31.2019 03.31.2020 50.3 Market value (€bn) 7.27 6.85 6.82 6.58 Other investments (4.4%) 2.2 2.2 Accounting Yield (%)
Slide 10: Closing remarks
Closing remarks Insurance business (€197 mn net result, +10%) > outstanding performance with combined ratio of 97.2%, despite impact of Puerto Rico earthquake on insurance unit - IBERIA (€103 mn, -14%) > positive premium and underlying profitability trends, in a competitive market - LATAM (€65 mn, +
Slide 11: Terminology
Terminology Revenue Top line figure which includes premiums, financial income, and revenue from non-insurance entities and other revenue Combined ratio – Non-Life Expense ratio + Loss ratio Expense ratio – Non-Life (Operating expenses, net of reinsurance – other technical revenue + other technical e
Slide 12: Disclaimer
Disclaimer This document is purely informative. Its content does not constitute, nor can it be interpreted as, an offer or an invitation to sell, exchange or buy, and it is not binding on the issuer in any way. The information about the plans of the Company, its development, its results and its divi