Slide 1: First half results 2016
First half results 2016 Presentation for investors and analysts July 27th, 2016
Slide 2: Contents
Contents 1 Key highlights 2 Financial information 3 Financial supplement: Regional Areas and Business Units 4 Financial supplement: Operating Companies 5 Appendix 6 Schedule and contacts 2
Slide 3: Key highlights: Successful technical and financial management
1 Key highlights Successful technical and financial management in a challenging market environment Excluding Venezuela 6M 2016 Δ 6M 2016 Δ Revenues 14,640.8 0.8% 14,575.9 3.1% Premiums 12,079.5 -0.8% 12,054.7 1.5% -Non-life 9,510.7 -1.3% 9,486.3 1.5% -Life 2,568.8 1.3% 2,568.4 1.4% Non-life combined
Slide 4: Key highlights
1 Key highlights Key highlights Non-Life premiums continue benefitting from the recovery in the Spanish market, but are still being affected by the depreciation of the Venezuelan bolivar and the Brazilian real Improved technical management in main markets, especially in IBERIA, as well as the ab
Slide 5: Regional Areas and Business Units
1 Key highlights Regional Areas and Business Units Premiums Contribution to aggregate premiums REGIONAL AREA 6M 2015 3M 2016 6M 2016 MAPFRE RE IBERIA 28.6% 34.3% 30.7% 2,273.9 BRAZIL 19.4% 14.1% 16.7% NORTH AMERICA 10.5% 10.3% 11.2% APAC 69.2 IBERIA 4,027.0 EMEA 6.3% 11.4% 10.6% LATAM SOUTH 10.0% 7.
Slide 6: Regional Areas and Business Units: Contribution to attributable results
1 Key highlights Regional Areas and Business Units Contribution to attributable results 90.4 -83.3 -6.9 32.8 17.7 42.5 -24.3 68.0 380.4 243.5 IBERIA BRAZIL NORTH AMERICA EMEA LATAM SOUTH LATAM NORTH APAC MAPFRE RE CORPORATE AREAS ATTRIBUTABLE AND RESULT CONSOLIDATION ADJUSTMENTS % over total attribu
Slide 7: High quality capital structure provides strong financial capacity
1 Key highlights High quality capital structure provides MAPFRE with strong financial capacity Solvency II ratio = 200% March 31st 2016 8,635 Tier 2: €621 mn (7%) Grandfathered subordinated debt 4,311 Tier 1 93% Unrestricted Tier 1: €8,015 mn (93%) SCR EOF Excluding the use of transitional measures
Slide 8: Contents
Contents 1 Key highlights 2 Financial information 3 Financial supplement: Regional Areas and Business Units 4 Financial supplement: Operating Companies 5 Appendix 6 Schedule and contacts 8
Slide 9: Result of Non-Life business – 6M 2016
2 Financial information Result of Non-Life business – 6M 2016 r % o/ 6M 2015 6M 2016 6M 2015 Gross written and accepted premiums 9,639.3 9,510.7 -1.3% Underwriting result 62.2 174.8 181.0% Net financial income 473.2 455.3 -3.8% Other non-technical income and expenses -14.4 -42.1 192.4% Result of Non
Slide 10: Result of Non-Life business – 2Q 2016
2 Financial information Result of Non-Life business – 2Q 2016 r % o/ 1Q 2016 2Q 2016 1Q 2016 Gross written and accepted premiums 5,024.5 4,486.3 -10.7% Underwriting result 112.8 62.0 -45.0% Net financial income 190.9 264.4 38.5% Other non-technical income and expenses -23.5 -18.6 -20.9% Result of No
Slide 11: Result of Life business – 6M 2016
2 Financial information Result of Life business – 6M 2016 r % o/ 6M 2015 6M 2016 6M 2015 Gross written and accepted premiums 2,535.9 2,568.8 1.3% Technical-financial result and other non-technical income 324.7 341.6 5.2% (1) Unrealized gains and losses in Unit-Linked products 45.0 35.4 -21.3% Result
Slide 12: Result of Life business – 2Q 2016
2 Financial information Result of Life business – 2Q 2016 r % o/ 1Q 2016 2Q 2016 1Q 2016 Gross written and accepted premiums 1,088.4 1,480.4 36.0% Technical-financial result and other non-technical income 155.7 185.9 19.4% (1) Unrealized gains and losses in Unit-Linked products 14.5 20.8 43.4% Resul
Slide 13: Result of Other Business Activities – 6M 2016
2 Financial information Result of Other Business Activities* – 6M 2016 r % o/ r % o/ 6M 2015 6M 2016 6M 2015 1Q 2016 2Q 2016 1Q 2016 Net operating revenues and expenses -28.9 -43.7 51.2% -6.6 -37.1 --- Net financial income and other -18.4 0.6 -103.3% -9.8 10.5 --- Results from Other Business Activit
Slide 14: Consolidated result – 6M 2016
2 Financial information Consolidated result – 6M 2016 r % o/ r % o/ 6M 2015 6M 2016 6M 2015 1Q 2016 2Q 2016 1Q 2016 Result on restatement of financial accounts -29.1 -17.1 -41.2% -8.8 -8.3 -5.7% Result before tax and non-controlling interests 814.4 904.7 11.1% 425.2 479.5 12.8% Income tax -272.8 -30
Slide 15: Development of the balance sheet
2 Financial information Development of the balance sheet 30.6.2015 31.12.2015 30.3.2016 30.6.2016 Key highlights Goodwill 2,036.6 2,068.0 2,031.3 1,996.2 Growth in the value of financial Other intangible assets 1,897.5 1,629.6 1,645.8 1,795.9 investments available for sale, partially Other fixed a
Slide 16: Development of equity
2 Financial information Development of equity June 2016 June 2015 Equity Non- attributable to Total Total controlling controlling Equity Equity interests company BALANCE AS AT PRIOR YEAR END 8,573.7 1,834.6 10,408.3 11,469.4 Additions and deductions accounted for directly in equity Financial assets
Slide 17: Investment portfolio
2 Financial information Investment portfolio Breakdown by asset class Fixed income by geographic region Mutual funds Other investments(2) 1,405.2 (2.8%) 3,793.4 (7.7%) Corporate w/o Corporate w/ Government Total collateral collateral Cash Spain 17,650 873 1,768 20,291 1,577.6 (3.2%) Rest of Europe 3
Slide 18: European Embedded Value: Key Figures 2015
2 Financial information European Embedded Value: Key Figures 2015 2015 r% Value of In-force Business (VIF)⁽¹⁾ 1,822.7 0.6% European Embedded Value (EEV) 3,434.7 6.7% Attributable to the Parent Company 2,610.6 19.8% Attributable to Minority Interests 824.1 -20.7% Return on Embedded Value (RoEV) 7.8%
Slide 19: European Embedded Value: Resilient Life business
2 Financial information European Embedded Value: Resilient Life business despite difficult market environment and the sale of CatalunyaCaixa Vida European Embedded Value Value of In-force business (VIF) Trends - 2015 VIF: 3,435 3,219 1,656 1,811 1,823 Positive mortality 2,792 developments of in- f
Slide 20: Contents
Contents 1 Key highlights 2 Financial information 3 Financial supplement: Regional Areas and Business Units 4 Financial supplement: Operating Companies 5 Appendix 6 Schedule and contacts 20
Slide 21: Written premiums
3 Financial supplement: Regional Areas and Business Units Written premiums Cumulative figures Quarterly figures r % o/ r % o/ REGIONAL AREA 6M 2015 6M 2016 r% 2Q 2015 1Q 2016 2Q 2016 1Q 2016 2Q 2015 IBERIA 3,706.0 4,027.0 8.7% 1,520.7 2,280.3 1,746.7 -23.4% 14.9% BRAZIL 2,512.3 2,186.6 -13.0% 1,320.
Slide 22: Evolution Non Life premiums – year on year
3 Financial supplement: Regional Areas and Business Units Evolution Non Life premiums – year on year Δ (mn) Δ% Key Highlights • Strong growth in insurance units due to: EMEA +527.4 +74.5% – Consolidation of direct business in Italy and Germany (+€378 mn) – Turkey (+€132 mn) due to tariff and volume
Slide 23: Evolution Non Life premiums – year on year
3 Financial supplement: Regional Areas and Business Units Evolution Non Life premiums – year on year Δ (mn) Δ% Key Highlights • Fall in volumes in Brazil, due to the depreciation of the Brazilian real • Local currency growth (+10%) driven mainly by Agro insurance and Industrial Risks, BRAZIL -115.1
Slide 24: Evolution Non Life premiums – quarter on quarter
3 Financial supplement: Regional Areas and Business Units Evolution Non Life premiums – quarter on quarter Δ (mn) Δ% Key Highlights • Higher issuance with several large clients in Industrial Risks BRAZIL +199.5 +30.5% • Recovery of the currency • Increase in premiums at MAPFRE USA, both in Massachus
Slide 25: Evolution Life premiums – year on year
3 Financial supplement: Regional Areas and Business Units Evolution Life premiums – year on year Δ (mn) Δ% Key Highlights • Pick up in sales in the agent network IBERIA 227.4 +26.5% • Issuance of group savings policies in 2Q 2016 (over €100 mn) EMEA 46.3 +42.8% • Good performance in production in Ma
Slide 26: Evolution Life premiums – quarter on quarter
3 Financial supplement: Regional Areas and Business Units Evolution Life premiums – quarter on quarter Δ (mn) Δ% Key Highlights • Continued pick up in sales in the agent network IBERIA +172.4 +37.7% • Issuance of group savings policies in 2Q 2016 (over €100 mn) • Good performance of MAPFRE agent net
Slide 27: Non-Life management ratios
3 Financial supplement: Regional Areas and Business Units Non-Life management ratios EXPENSE LOSS COMBINED 6M 2015 6M 2016 6M 2015 6M 2016 6M 2015 6M 2016 IBERIA 21.9% 21.2% 75.4% 72.4% 97.3% 93.6% LATAM NORTH 34.4% 32.5% 59.7% 64.3% 94.1% 96.8% LATAM SOUTH 35.3% 37.8% 62.5% 63.4% 97.8% 101.2% BRAZI
Slide 28: Evolution loss ratio – year on year
3 Financial supplement: Regional Areas and Business Units Evolution loss ratio – year on year Loss ratio Δ p.p. Key Highlights • Absence of extraordinary weather-related claims in the US east coast NORTH • Loss ratio at MAPFRE USA 77.2% (-12.6 p.p.) 74.6% -11.2% AMERICA • MA* 70.7% (-16.2 p.p.) • Ot
Slide 29: Evolution loss ratio – year on year
3 Financial supplement: Regional Areas and Business Units Evolution loss ratio – year on year Loss ratio Δ p.p. Key Highlights • Reduction in Chile (Industrial Risks) LATAM • Benign claims experience at GLOBAL RISKS 63.4% +0.9% SOUTH • Deterioration in Colombia due to an increase in severity of Moto
Slide 30: Evolution loss ratio – quarter on quarter
3 Financial supplement: Regional Areas and Business Units Evolution loss ratio – quarter on quarter Loss Δ p.p. ratio * (QoQ) Key Highlights • Non-occurrence of heavy rains, that affected Motor and Agricultural insurance in BRAZIL 61.0% -7.4% the first quarter of the year • Lower losses compared to
Slide 31: Evolution expense ratio – year on year
3 Financial supplement: Regional Areas and Business Units Evolution expense ratio – year on year Expense ratio (%) Δ p.p. Key Highlights NORTH • Improvement stemming from higher commissions from ceded reinsurance in 25.7% -2.9% AMERICA USA LATAM 32.5% -1.9% • Decreases in Mexico in Motor and Health
Slide 32: Attributable results
3 Financial supplement: Regional Areas and Business Units Attributable results Cumulative figures Quarterly figures r % o/ r % o/ REGIONAL AREA 6M 2015 6M 2016 r% 2Q 2015 1Q 2016 2Q 2016 1Q 2016 2Q 2015 IBERIA 202.2 243.5 20.4% 90.3 112.3 131.2 16.8% 45.3% BRAZIL 85.5 68.0 -20.5% 42.6 27.0 41.0 51.9
Slide 33: Evolution Non-Life financial income – year on year
3 Financial supplement: Regional Areas and Business Units Evolution Non-Life financial income – year on year Δ (mn) Key Highlights • Higher level of realized gains MAPFRE RE +25.0 • Improvement in net foreign exchange differences due to the negative impact of the Venezuelan bolivar during 2015 IBERI
Slide 34: Evolution Life technical-financial result – year on year
3 Financial supplement: Regional Areas and Business Units Evolution Life technical-financial result – year on year Δ (mn) Δ% Key Highlights MAPFRE 5.7 +43.4% • Higher realized gains RE LATAM 3.6 --- • Robust performance of financial income SOUTH • Impact of the depreciation of the Brazilian real BRA
Slide 35: IBERIA
3 Financial supplement: Regional Areas and Business Units IBERIA Cumulative figures PREMIUMS GROSS RESULT 6M 2015 6M 2016 r% 6M 2015 6M 2016 r% IBERIA 3,706.0 4,027.0 8.7% 289.8 365.0 25.9% SPAIN 3,591.9 3,928.1 9.4% 289.4 360.7 24.6% PORTUGAL 114.1 98.9 -13.3% 0.4 4.2 --- Quarterly figures PREMIUMS
Slide 36: LATAM
3 Financial supplement: Regional Areas and Business Units LATAM Cumulative figures PREMIUMS GROSS RESULT r % local r % local 6M 2015 6M 2016 r% (1) 6M 2015 6M 2016 r% (1) currency currency BRAZIL 2,512.3 2,186.6 -13.0% 3.2% 444.9 398.7 -10.4% 7.6% LATAM SOUTH 1,298.1 970.3 -25.3% 86.6 37.7 -56.5% of
Slide 37: LATAM
3 Financial supplement: Regional Areas and Business Units LATAM Quarterly figures PREMIUMS GROSS RESULT r % o/ r % o/ r % o/ r % o/ 2Q 2015 1Q 2016 2Q 2016 1Q 2016 2Q 2015 2Q 2015 1Q 2016 2Q 2016 1Q 2016 2Q 2015 BRAZIL 1,320.3 937.3 1,249.3 33.3% -5.4% 216.4 166.3 232.4 39.7% 7.4% LATAM SOUTH 480.5
Slide 38: INTERNATIONAL
3 Financial supplement: Regional Areas and Business Units INTERNATIONAL Cumulative figures PREMIUMS GROSS RESULT r % local r % local 6M 2015 6M 2016 r% currency 6M 2015 6M 2016 r% currency (1) (1) NORTH AMERICA 1,363.2 1,462.2 7.3% --- -93.1 60.7 --- --- of which: USA 1,163.9 1,272.4 9.3% 9.0% -102.
Slide 39: INTERNATIONAL
3 Financial supplement: Regional Areas and Business Units INTERNATIONAL Quarterly figures PREMIUMS GROSS RESULT r % o/ r % o/ r % o/ r % o/ 2Q 2015 1Q 2016 2Q 2016 1Q 2016 2Q 2015 2Q 2015 1Q 2016 2Q 2016 1Q 2016 2Q 2015 NORTH AMERICA 731.4 683.0 779.2 14.1% 6.5% -24.5 23.2 37.5 61.6% --- of which: U
Slide 40: MAPFRE RE
3 Financial supplement: Regional Areas and Business Units MAPFRE RE Cumulative figures PREMIUMS GROSS RESULT 6M 2015 6M 2016 r% 6M 2015 6M 2016 r% MAPFRE RE 2,035.8 2,273.9 11.7% 100.0 118.9 18.9% Quarterly figures PREMIUMS GROSS RESULT r % o/ r % o/ r % o/ r % o/ 2Q 2015 1Q 2016 2Q 2016 1Q 2016 2Q
Slide 41: Non-Life Income Statement 6M 2016
3 Financial supplement: Regional Areas and Business Units Non-Life Income Statement 6M 2016 LATAM LATAM NORTH CONSOLID. NON-LIFE INSURANCE AND REINSURANCE IBERIA NORTH SOUTH BRAZIL EMEA AMERICA APAC MAPFRE RE ADJUST. TOTAL Gross written and accepted premiums 2,940.2 569.6 860.4 1,507.3 1,235.7 1,452
Slide 42: Life Income Statement 6M 2016
3 Financial supplement: Regional Areas and Business Units Life Income Statement 6M 2016 LATAM LATAM NORTH CONSOLID. LIFE INSURANCE AND REINSURANCE IBERIA NORTH SOUTH BRAZIL EMEA AMERICA APAC MAPFRE RE ADJUST. TOTAL Gross written and accepted premiums 1,086.9 156.4 109.9 679.3 154.4 9.4 0.0 372.4 0.0
Slide 43: Other business activities and net result 6M 2016
3 Financial supplement: Regional Areas and Business Units Other business activities and net result 6M 2016 CORPORATE AREAS AND LATAM LATAM NORTH CONSOLIDATION IBERIA NORTH SOUTH BRAZIL EMEA AMERICA APAC MAPFRE RE ADJUSTMENTS TOTAL Results from other business activities 30.1 -1.1 -0.9 7.7 -7.0 -3.6 -
Slide 44: Non-Life Income Statement 6M 2015
3 Financial supplement: Regional Areas and Business Units Non-Life Income Statement 6M 2015 LATAM LATAM NORTH CONSOLID. NON-LIFE INSURANCE AND REINSURANCE IBERIA NORTH SOUTH BRAZIL EMEA AMERICA APAC MAPFRE RE ADJUST. TOTAL Gross written and accepted premiums 2,846.5 1,011.5 1,168.3 1,622.4 708.3 1,3
Slide 45: Life Income Statement 6M 2015
3 Financial supplement: Regional Areas and Business Units Life Income Statement 6M 2015 LATAM LATAM NORTH CONSOLID. LIFE INSURANCE AND REINSURANCE IBERIA NORTH SOUTH BRAZIL EMEA AMERICA APAC MAPFRE RE ADJUST. TOTAL Gross written and accepted premiums 859.5 170.9 129.8 889.9 108.1 5.7 0.0 372.0 0.0 2
Slide 46: Other business activities and net result 6M 2015
3 Financial supplement: Regional Areas and Business Units Other business activities and net result 6M 2015 CORPORATE AREAS LATAM LATAM NORTH AND CONSOLIDATION IBERIA NORTH SOUTH BRAZIL EMEA AMERICA APAC MAPFRE RE ADJUSTMENTS TOTAL Results from other business activities 37.6 -1.4 -1.6 4.1 0.2 -2.9 0.
Slide 47: Contents
Contents 1 Key highlights 2 Financial information 3 Financial supplement: Regional Areas and Business Units 4 Financial supplement: Operating Companies 5 Appendix 6 Schedule and contacts 47
Slide 48: MAPFRE ESPAÑA
4 Financial supplement: Operating Companies MAPFRE ESPAÑA(1) MAPFRE ESPAÑA(1) by lines 6M 2015 6M 2016 r % Motor 6M 2015 6M 2016 r% Gross written and accepted premiums 2,602.8 2,666.8 2.5% Gross written and accepted premiums 1,050.6 1,072.4 2.1% Net premiums earned 1,959.6 1,993.4 1.7% Net premiums
Slide 49: MAPFRE ESPAÑA by lines
4 Financial supplement: Operating Companies MAPFRE ESPAÑA(1) by lines Burial 6M 2015 6M 2016 r % Commercial insurance (2) 6M 2015 6M 2016 r % Gross written and accepted premiums Gross written and accepted premiums 325.8 318.6 -2.2% 260.3 253.8 -2.5% Net premiums earned 158.2 152.9 -3.4% Net premiums
Slide 50: MAPFRE VIDA
4 Financial supplement: Operating Companies MAPFRE VIDA 6M 2015 6M 2016 r% Breakdown of premiums 6M 2015 6M 2016 r% Gross written and accepted premiums 868.4 1,113.6 28.2% Regular Premiums 303.8 262.3 -13.7% Net premiums earned 834.3 1,073.8 28.7% - Agents' and other channels 165.1 169.2 2.5% Underw
Slide 51: MAPFRE VIDA
4 Financial supplement: Operating Companies MAPFRE VIDA 31/12/2014 30/06/2015 Var € mn 31/12/2015 30/06/2016 Var € mn Managed savings Regular premiums insurance 6,612.8 5,678.5 -934.3 6,211.4 6,061.6 -149.8 - Agents' channel and others 3,824.1 3,739.2 -84.9 3,837.1 4,030.0 192.9 - Bank channel - BAN
Slide 52: MAPFRE AMÉRICA
4 Financial supplement: Operating Companies MAPFRE AMÉRICA MAPFRE AMÉRICA (by lines) 6M 2015 6M 2016 r % Non-Life 6M 2015 6M 2016 r % Gross written and accepted premiums 4,774.9 3,678.1 -23.0% Gross written and accepted premiums 3,584.3 2,732.4 -23.8% Net premiums earned 3,220.3 2,747.2 -14.7% Net p
Slide 53: MAPFRE BRASIL
4 Financial supplement: Operating Companies MAPFRE BRASIL MAPFRE BRASIL (by lines) 6M 2015 6M 2016 r% Non-Life 6M 2015 6M 2016 r% Gross written and accepted premiums 2,432.1 2,091.3 -14.0% Gross written and accepted premiums 1,542.2 1,411.9 -8.4% Net premiums earned 2,068.9 1,828.8 -11.6% Net premiu
Slide 54: MAPFRE INTERNACIONAL
4 Financial supplement: Operating Companies MAPFRE INTERNACIONAL MAPFRE INTERNACIONAL (by lines) 6M 2015 6M 2016 r% Non-Life 6M 2015 6M 2016 r% Gross written and accepted premiums 1,748.3 2,407.1 37.7% Gross written and accepted premiums 1,634.5 2,243.3 37.2% Net premiums earned 1,382.3 1,677.5 21.4
Slide 55: MAPFRE USA
4 Financial supplement: Operating Companies MAPFRE USA 6M 2015 6M 2016 r% Gross written and accepted premiums 1,040.1 1,127.4 8.4% Net premiums earned 873.9 848.8 -2.9% Underwriting result -161.2 -12.9 -92.0% Net financial income 60.9 60.0 -1.5% Other business activities 0.0 0.0 --- Other non-techni
Slide 56: MAPFRE RE
4 Financial supplement: Operating Companies MAPFRE RE MAPFRE RE (by lines) 6M 2015 6M 2016 r% Non-Life 6M 2015 6M 2016 r% Gross written and accepted premiums 2,035.8 2,273.9 11.7% Gross written and accepted premiums 1,663.8 1,901.5 14.3% Net premiums earned 1,217.2 1,423.3 16.9% Net premiums earned
Slide 57: MAPFRE GLOBAL RISKS and MAPFRE ASISTENCIA
4 Financial supplement: Operating Companies MAPFRE GLOBAL RISKS MAPFRE ASISTENCIA 6M 2015 6M 2016 r% 6M 2015 6M 2016 r% Gross written and accepted premiums 596.9 635.8 6.5% Operating income 635.3 610.1 -4.0% Net premiums earned 162.4 165.8 2.1% - Gross written and accepted premiums 565.1 559.8 -0.9%
Slide 58: Non-Life management ratios – Companies
4 Financial supplement: Operating Companies Non-Life management ratios – Companies EXPENSE LOSS COMBINED 6M 2015 6M 2016 6M 2015 6M 2016 6M 2015 6M 2016 MAPFRE ESPAÑA 21.8% 21.1% 75.3% 73.3% 97.1% 94.4% MAPFRE AMÉRICA 34.3% 33.6% 61.4% 64.3% 95.7% 97.9% MAPFRE BRASIL 33.1% 32.2% 60.7% 64.1% 93.8% 96
Slide 59: Contents
Contents 1 Key highlights 2 Financial information 3 Financial supplement: Regional Areas and Business Units 4 Financial supplement: Operating Companies 5 Appendix 6 Schedule and contacts 59
Slide 60: Financial objectives for 2016-2018 announced at the AGM
Appendix: Strategic Plan Financial objectives for 2016-2018 were announced at the AGM in March . . . Combined Ratio (%) Expense Ratio (%) • Spain: <96% • Brazil: <92% • USA: <98% 98.6 • MA <95% 28.6 <28.0 Payout (%) <96.0 65 Target range 50 2015 Target* 2015 Target* 57 ROE (%) Revenues (€ million) C
Slide 61: Specific objectives for each of the four pillars
5 Appendix: Strategic Plan . . . as well as specific objectives for each of the four pillars of MAPFRE´s 2016-2018 strategic plan PROFITABLE GROWTH Technical and Digital Client Culture and Operational Transformation Orientation Human Talent Excellence 61
Slide 62: Own funds: from IFRS to Solvency II
5 Appendix: Solvency II Own funds: from IFRS to Solvency II 10,473 2,368 (196) 621 8,635 (110) (1,161) (31) (134) 709 (1,306) (2,598) (2) IFRS equity Participations Minority adj of Other Intangible Market value of Best estimate Forseeable Non-available Subordinated Other Eligible own not included pa
Slide 63: Solvency capital requirement per risk category
5 Appendix: Solvency II Solvency capital requirement per risk category (1,934) 3,009 780 229 2,227 4,082 4,311 (1) Market Counterparty Underwriting Diversification BSCR Further adjustments Total SCR benefits Million euros 1) Further adjustments include: Operational risk; loss absorbing capacity of t
Slide 64: Consolidated Income Statement
5 Appendix: Consolidated Income Statement 6M 2015 6M 2016 r% NON-LIFE INSURANCE AND REINSURANCE Gross written and accepted premiums 9,639.3 9,510.7 -1.3% Premiums earned, net of ceded and retroceded reinsurance 7,045.9 7,090.8 0.6% Net claims incurred and variation in other technical provisions -4,9
Slide 65: Net financial income – Non-Life; Net realization gains
5 Appendix: Financial Result Net financial income – Non-Life (1) Net realization gains – Total (2) 6M 2015 6M 2016 6M 2015 6M 2016 r% MAPFRE ESPAÑA 55.3 65.6 Non-life 473.2 455.3 -3.8% MAPFRE VIDA 14.1 5.4 - of which: MAPFRE AMÉRICA 2.4 11.3 realized capital gains and impairments 90.7 122.6 35.2% MA
Slide 66: Premium breakdown by line of business
5 Appendix: Premiums by line of business Premium breakdown by line of business* Of which: Non-Life: 14% Life: 3% MAPFRE RE 17% LIFE 16% MOTOR 28% GENERAL P&C INSURANCE 32% HEALTH & ACCIDENTS 7% *Gross written and accepted premiums Data as of June 30th, 2016 66
Slide 67: Breakdown of premiums - MAPFRE RE
5 Appendix: Breakdown of premiums - MAPFRE RE Gross premiums Net premiums Ceding company Ceding company MAPFRE 43.9% MAPFRE 24.5% Others 56.1% Others 75.5% Region Region IBERIA 17.2% IBERIA 9.5% EMEA 35.1% EMEA 47.2% LATAM 22.4% LATAM 21.5% NORTH AMERICA 18.3% NORTH AMERICA 12.6% APAC 7.1% APAC 9.1%
Slide 68: Main currency movements
5 Appendix: Main currency movements Var. Average Var. Exchange Var. Exchange Exchange Rates Rates 6M 2016 Rates 6M 2016 6M 2016 vs. 6M vs. 6M 2015 vs. 12M 2015 2015 US Dollar -0.4% 1.2% -1.5% Brazilian Real -16.6% -1.8% 22.0% Turkish Lira -10.9% -6.2% -0.5% Mexican Peso -14.3% -14.2% -7.4% Colombian
Slide 69: Terminology
5 Appendix Terminology (Operating expenses, net of reinsurance – other technical income + other technical Expense ratio – Non-Life expenses) / Net premiums earned. Figures for the Non-life segment (Net claims incurred + variation in other technical reserves + profit sharing and returns) / Loss ratio
Slide 70: Contents
Contents 1 Key highlights 2 Financial information 3 Financial supplement: Regional Areas and Business Units 4 Financial supplement: Operating Companies 5 Strategic Plan 6 Schedule and contacts 70
Slide 71: Schedule
6 Schedule and contacts Schedule Release First Half 2016 Results 27-July-16 Conference Call - First Half 2016 Results 18-Oct to 7-Nov Black-out period Release Third Quarter 2016 Results 8-Nov-16 Madrid Conference Call - Third Quarter 2016 Results 9-Nov-16 London Presentation to analysts
Slide 72: Investor Relations Department
6 Schedule and contacts Investor Relations Department Capital Markets Director Natalia Núñez Arana +34-91-581-8664 Head of Investor Relations Antonio Triguero Sánchez Investor Relations +34-91-581-5211 Alberto Fernández-Sanguino Investor Relations +34-91-581-2255 Leandra Elizabeth Clark Investor Rel
Slide 73: 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 evolution, its results and its divide