Mapfre Sa · BME:MAP
Mapfre Sa — H1 2024 Earnings Presentation
10 slides from Mapfre Sa's earnings presentation, Jul 26, 2024
Slide 1: Results Presentation 6M 2024
FERNANDO MATA THIRD VICE CHAIRMAN AND CFO RESULTS PRESENTATION 6M 2024 26 July, 2024 1
Slide 2: 6M 2024 – What has happened at MAPFRE?
6M / 2024 – WHAT HAS HAPPENED AT MAPFRE? INSURANCE NON-LIFE LIFE AUTO Technical improvements coming The Non-Life improvements Growth in premiums (+2.1%) on the back of underwriting consolidate, with a combined ratio measures and tariff updates. with Life Protection (+10.4%) of 95.7%. Premiums +6.5%
Slide 3: Focus on Profitable Growth
6M / 2024 – FOCUS ON PROFITABLE GROWTH +45.6% +5.5% 462 15,145 ATTRIBUTABLE PREMIUMS RESULT +6.5% +10.4% 95.7% 11,970 1,444 -1,3 p.p. NON-LIFE NON-LIFE LIFE PROTECTION COMBINED RATIO 3 Million euros
Slide 4: Premiums – Total Premiums Main Lines
6M / 2024 - PREMIUMS TOTAL PREMIUMS MAIN LINES - DIRECT INSURANCE €15,145M +5.5% 4,713 11,970 3,243 1,497 1,444 1,506 3,175 NON - LIFE LIFE GENERAL AUTO ACCIDENT LIFE LIFE P&C & HEALTH PROTECTION SAVINGS +6.5% +2.1% +4.3% +5.5% +8.2% +10.4% -0.4% 4 Million euros
Slide 5: Investments and Cash
6M / 2024 – INVESTMENTS AND CASH INVESTMENT PORTFOLIO FIXED INCOME 31,106 €43,770M -0.4% PUBLIC DEBT 22,207 SPAIN 9,460 FIXED INCOME REST OF EUROPE 4,237 AND OTHER UNITED STATES 1,820 EQUITIES 83.8% AND FUNDS BRAZIL 2,685 OTHER LATIN AMERICAN 8.1% COUNTRIES 2,957 OTHER MARKETS 1,049 CORPORATE DEBT 8
Slide 6: Premiums and Earnings by Business Unit
6M / 2024 – PREMIUMS AND EARNINGS BY BUSINSS UNIT ASSISTANCE INSURANCE MAPFRE RE MAWDY 5,322 €12,736 +5% €4,347 +6% 5,265 PREMIUMS 3,323 2,436 2,289 1,395 1,024 754 253 * IBERIA BRAZIL OTHER LATAM NORTH AMERICA EMEA REINSURANCE GLOBAL RISKS ASSISTANCE +4% -0,6% +12% +5% +12% +9% -4% +10% €404 +42% €
Slide 7: Key Figures and Ratios
6M / 2024 – KEY FIGURES AND RATIOS COMBINED RATIOS 2023 2024 ROE (Main Markets / Units) NON-LIFE COMBINED RATIO 97.1% 95.7% -1.3 p.p. June 2024 GENERAL P&C 85.9% 83.2% -2.7 p.p. IBERIA 13.5% AUTO 106.2% 104.8% -1.5 p.p. BRAZIL 23.2% ACCIDENT AND HEALTH 100.4% 101.5% +1.2 p.p. OTHER LATAM 12.0% LIFE
Slide 8: IFRS & Accounting Standards
6M / 2024 – IFRS 9 & 17 ACCOUNTING STANDARDS HOMOGENEIZED LOCAL MAIN KPIs IFRS 9 & 17 (HOMOGENIZED LOCAL ACCOUNTING ACCOUNTING / IFRS 9 & 17) 6M 2023 6M 2024 Δ% 6M 2023 6M 2024 Δ% PREMIUMS 14,350 15,145 5.5% - - - INSURANCE REVENUE* - - - 11,993 12,712 6% COMBINED RATIO 97.1% 95.7% -1.3 p.p. 96,1% 9
Slide 9: Conclusions
6M / 2024 – CONCLUSIONS The second quarter Sustainable Diversification by confirms the trend growth in geography and by we are aiming for premiums and business segment with the Strategic net income Plan LATAM, led by Auto business Financial income Brazil, with a on the path to performed very strong
Slide 10: Results Presentation
RESULTS PRESENTATION 6M 2024 26 July, 2024 https://twitter.com/MAPFRE https://www.linkedin.com/company/mapfre/ https://www.instagram.com/mapfre/ 10