Slide 1: IFRS 17 & 9 6M 2023 Analyst & Investor presentation
IFRS 17 & 9 6M 2023 Analyst & Investor presentation 1
Slide 2: Main KPIs - June 2023
IFRS 17&9 MAIN KPIS - June 2023 KPI Local accounting (1) IFRS 17&9 (Local accounting (1)/IFRS 17&9) €mn €mn Premiums 14,350 - Insurance revenue - 11,993 Net result 317 300 Total assets 62,932 53,366 Shareholders’ equity 7,683 8,184 Technical provisions/ 44,002 37,018 Insurance contract liabilities C
Slide 3: Reconciliation P&L – June 2023
IFRS 17&9 RECONCILIATION P&L – June 2023 IFRS 17 IMPACTS: IFRS 9 IMPACTS: (17) 0 Million euros * Homogenized local accounting criteria were obtained from the financial statements prepared by MAPFRE Group companies, according to the applicable accounting principles in each country. In order to achiev
Slide 4: Reconciliation of Shareholders' Equity – June 2023
IFRS 17&9 RECONCILIATION OF SHAREHOLDERS’ EQUITY – June 2023 IFRS 17 IMPACTS: 479 Million euros * Homogenized local accounting criteria were obtained from the financial statements prepared by MAPFRE Group companies, according to the applicable accounting principles in each country. In order to achie
Slide 5: Balance sheet 6/30/2023 vs. 12/31/2022
IFRS 17&9 BALANCE SHEET 6/30/2023 vs. 12/31/2022 ASSETS EQUITY AND LIABILITIES 12.31.2022 06.30.2023 %∆ 12.31.2022 06.30.2023 %∆ INTANGIBLE ASSETS 2,790 2,791 0.1% EQUITY 8,870 9,314 5.0% PROPERTY, PLANT AND EQUIPMENT 1,303 1,285 -1.3% Equity attributable to the controlling company's shareholders 7,
Slide 6: Shareholders' Equity - June 2023
IFRS 17&9 SHAREHOLDERS’ EQUITY - June 2023 Balance at 1 January 2023 7,797 Conversion differences 132 Change in market value of financial assets 272 Change in technical provision valuation (Life Savings and Burial) (71) Other 8 Income and expenses recorded in OCI: 341 Result 300 Dividends (262) Equi
Slide 7: P&L - June 2023
IFRS 17&9 P&L - June 2023 P&L JUNE 2023 VS. JUNE 2022P&L JUNE 2023 VS. JUNE 2022 6M 2022 6M 2023 %∆ INSURANCE REVENUE (+) 10,960 11,993 9% JUNE 2023 – BREAKDOWN BY REGION2023 VS. JUNE 2022 Release of liability for remaining coverage 10,888 11,891 9% Local IFRS 9&17 • Claims and other expected insura
Slide 8: Annex: IFRS 17 – Valuation approaches
Annex: IFRS 17 – Valuation approaches Assesses fulfillment cash flows using a dynamic calculation, updating Based on technically defined directives, MAPFRE believes Building hypotheses with each calculation, and recognizing expected profit that, in general, it will assess insurance and reinsurance B
Slide 9: Annex: IFRS 17 – Valuation approaches
Annex: IFRS 17 – Valuation approaches Valuation approach Line of business Liability Asset Burial Building Block Approach Life matched Variations in yield curve (risk-free curve ≈100% Fixed Income portfolios (BBA) Life Savings w/o PS > + spread) reflected in OCI measured at FVOCI with recycling in P&
Slide 10: Disclaimer
DISCLAIMER MAPFRE S.A. (MAPFRE) hereby informs that the figures in this activity update report, unless stated otherwise, are presented under the accounting principles in force in each country, homogenized for comparison and aggregation purposes. This document is for information purposes only and its