Slide 1: Antonio Huertas, CEO of MAPFRE
ANTONIO HUERTAS CEO OF MAPFRE
Slide 2: A very satisfactory year despite the environment
2 A VERY SATISFACTORY YEAR DESPITE THE ENVIRONMENT WAR INTEREST INFLATION IN UKRAINE RATES AFTEREFFECTS VOLATILITY LOW ECONOMIC OF THE PANDEMIC IN THE MARKETS GROWTH 2
Slide 3: Solid results
3 SOLID RESULTS €29,510M RECORD REVENUES DIVERSIFICATION FINANCIAL SOLVENCY AND FLEXIBILITY WE ARE NO. 1 LEADING INSURANCE TOP 10 TOP 20 SPANISH INSURANCE COMPANY COMPANY IN LATAM NON-LIFE EUROPE GLOBAL REINSURERS IN THE WORLD
Slide 4: Iberia: progress and challenges
4 IBERIA 2023 PROGRESS CHALLENGES STRUCTURE BUSINESS CHANNELS AUTOMOBILE LIFE New operating Life Internal Network model SURPASS THE MARKET Health Brokers CUSTOMERS New sales model EXPAND CHANNELS Multirisk CONSOLIDATE TRANSFORMATION Enterprise EFFICIENCY
Slide 5: We are the largest insurance company in Latin America
5 WE ARE THE LARGEST INSURANCE COMPANY IN LATIN AMERICA #1 IN PREMIUMS #2 IN CONTRIBUTION TO GROUP EARNINGS NEW REGIONAL STRUCTURE: BRAZIL, MEXICO AND LATAM SOUTH-CENTRAL MAPFRE Economics
Slide 6: Brazil
6 BRAZIL 2022 Strong increase in premiums and results Excellent combined ratios in Life Protection and Agricultural Great sales boost from Banco do Brasil channel Technological transformation 2023 Focus on Automobile Reduction in costs Improved broker channel management Great potential of the bank c
Slide 7: Mexico
7 MEXICO 2022 Improved technical control Progress of digital transformation 2023 Greater growth in retained premiums Newtron Reduction of acquisition expenses
Slide 8: LATAM South-Central
8 LATAM SOUTH-CENTRAL CENTRAL AMERICA LATAM SOUTH AND DOMINICAN REPUBLIC 2022 2022 Significant growth throughout the region Historic year for revenue and earnings Technological advances as part of Central Motors combined ratio America Plan Excellent results in Peru, Colombia, Chile and 2023 Uruguay
Slide 9: North America
9 NORTH AMERICA USA PUERTO RICO 2022 2022 Impact of inflation on Automobile line Hurricane Fiona Market with very high losses Excellent results 2023 2023 Focus on technical management and Automobile cost control Better selection of catastrophic risk Rate adjustment Reinsurance cost Reinsurance costs
Slide 10: EMEA
10 EMEA 2022 Sales of Asian operations Restructuring in Italy Hyperinflation in Turkey Good results in Germany and Malta 2023 Potential for digital agreements in Germany and Italy Technological transformation in Malta Prudent management in Turkey
Slide 11: Reinsurance
11 REINSURANCE 2022 2022 High claims frequency and intensity New customers Excellent loss ratio 2023 New pricing cycle 2023 Boost profitability Increase in reinsurance costs Take advantage of €250 million capital Prudent technical control increase
Slide 12: MAPFRE Asistencia
12 2022: End of country reorganization process MAPFRE 2023: New brand ASISTENCIA Disciplined growth focus More digital capabilities 2022: Excellent results 2023: Geographic consolidation Surety LATAM multinational clients
Slide 13: MAPFRE Inversión
13 MAPFRE INVERSIÓN €52 billion in assets Biggest under management non-bank independent assets in 26 manager in the Spanish market countries €1.4 billion 10 offices +€1.3 billion in alternative investments with benchmark partners
Slide 14: Strategic Plan 2022-2024: Pillars
14 STRATEGIC PLAN 2022 - 2024 PILLARS 1 GROWTH EFFICIENCY 2 AND PRODUCTIVITY 3 TRANSFORMATION
Slide 15: Strategic Plan 2022-2024
15 STRATEGIC PLAN 2022 - 2024 DISCIPLINED GROWTH PROFITABILITY +11% SPAIN - BRAZIL - 8.4% Worsening Automobile loss ratio real growth in LATAM - RE - USA ROE after the pandemic first year in first year
Slide 16: Strategic Plan 2022-2024: Impairment of combined ratio
16 STRATEGIC PLAN 2022 - 2024 IMPAIRMENT OF COMBINED RATIO IN 2022 Increase in costs due to inflation Slow and complicated reaction in rate adjustments Significant impairment of Automobile loss ratio Catastrophic claim levels in reinsurance ffffffff DIVERSIFICATION PROTECTS US Product: Excellent Lif
Slide 17: Strategic Plan 2022-2024: Operational and technical efficiency
17 STRATEGIC PLAN 2022 - 2024 OPERATIONAL AND TECHNICAL EFFICIENCY fffffffffffff COST REDUCTION OF 2 POINTS TECHNICAL, TECHNOLOGICAL AND OPERATIONAL TRANSFORMATION COMBINED RATIO OF 98% DUE TO INCREASE IN CLAIMS
Slide 18: Strategic Plan 2022-2024: Transformation pillar
18 STRATEGIC PLAN 2022 - 2024 fffffffffffff TRANSFORMATION PILLAR People and Sustainability GENDER PAY GAP +/-1% by 2024 E Stricter environmental requirements Inclusive labor policies: ESG INVESTMENTS S People with disabilities make up 3.5% of the workforce 90% Transparency and good governance G of
Slide 19: Board of Directors
19 BOARD OF DIRECTORS Catalina Ana Isabel María Leticia Rosa María María Amparo Pilar Elena Miñarro Brugarolas Fernández Álvarez Freitas Costa García García Jiménez Urgal Perales Viscasillas Sanz Isla Antonio Huertas Mejías Ignacio José Manuel Antonio Francisco J. Fernando Antonio Francesco Paolo
Slide 20: Review of strategic public commitments
20 REVIEW OF STRATEGIC PUBLIC COMMITMENTS fffffffffffff 2023 / 2024 5%-6% +/-96% 9%-10% GROWTH COMBINED RATIO ROE fffffffffffff REFERENCE FRAMEWORK +/-200% +50% 23%-25% SOLVENCY MARGIN PAYOUT DEBT LEVEL We confirm our other public ESG commitments fffffffffffff
Slide 21: Appreciation
21 APPRECIATION ALFONSO REBUELTA BADIAS JOSÉ ANTONIO COLOMER GUIU
Slide 22: To summarize, in 2022...
22 TO SUMMARIZE, IN 2022... Very positive We have The group business a healthy balance transformation development and sheet process is strategic and an excellent progressing performance solvency position positively
Slide 23: And we are meeting our commitments with shareholders
23 AND WE ARE MEETING OUR COMMITMENTS WITH SHAREHOLDERS 14.5 €447M +€4,250 6% DIVIDEND IN CASH PAID OUT IN THE LAST AVERAGE 10-YEAR cents M 10 YEARS YIELD
Slide 24: And... we are turning 90
24 AND... WE ARE TURNING 90 To be the no. 1 insurance Nine decades, company in terms of business Vocation, long-term several generations and social commitment commitment Institutional and Fundación MAPFRE Creating social wealth business values
Slide 25: Thank you very much
Thank you very much @MAPFRE www.linkedin.com/company/mapfre @MAPFRE @ahuertasmejias www.linkedin.com/in/antoniohuertasmejias ANTONIO HUERTAS @ahuertasmejias CEO OF MAPFRE