Slide 1: Fernando Mata, Third Vice Chairman and CFO
FERNANDO MATA THIRD VICE CHAIRMAN AND CFO
Slide 2: MAPFRE's Business
MAPFRE’S BUSINESS LOCAL ACCOUNTING PRINCIPLES IFRS PREMIUMS 28,128 INSURANCE REVENUE +4.5% 25,513 TOTAL 33,177 +3% REVENUE +2.9% Million euros 2
Slide 3: Key Aspects of 2024 - IFRS
KEY ASPECTS OF 2024 - IFRS SUBSTANTIAL IMPROVEMENT IN PROFITABILITY REVENUE NET 2024 2024 EARNINGS DIVIDEND 25,513 968 477 +3.0% +43.0% +6.7% GROSS EARNINGS VERY SOLID BUSINESS GROWTH 2,100 COMMITMENT WITH SHAREHOLDERS Million euros 3
Slide 4: Revenue by Unit - IFRS
REVENUE BY UNIT - IFRS LATAM MAPFRE RE INSURANCE 9,480 +2.2% 7,984 -0.4% REVENUE 7,450 6,247 25,513 4,876 4,604 +3.0% 2,753 1,737 1,286 IBERIA OTHER LATAM BRAZIL REINSURANCE GLOBAL RISKS NORTH AMERICA EMEA +6.8% +9.4% -4.6% -1.8% +4.9% +6.5% +9.1% Million euros 4
Slide 5: Earnings Breakdown - IFRS
EARNINGS BREAKDOWN - IFRS ATTRIBUTABLE EARNINGS 968 +42.9% 25,513 1,704 2,100 699 +968 -22,077 -1,732 -303 -620 -512 INSURANCE INSURANCE REINSURANCE INSURANCE AND FINANCIAL OTHER RESULT AFTER EXTERNAL TAXES ATTRIBUTABLE REVENUE REVENUE COSTS REINSURANCE RESULT RESULTS TAXES AND NON- PARTNERS EARNING
Slide 6: Group Balance Sheet - IFRS
INSURANCE TOTAL CONTRACT ASSETS LIABILIITES 56,707 39,793 +3.2% +3.7% CONSOLIDATED GROUP BALANCE SHAREHOLDERS’ INVESTMENTS EQUITY SHEET - IFRS 45,612 8,889 +3.7% +5.0% Million euros 6
Slide 7: Evolution of Shareholders' Equity - IFRS
12.2% EVOLUTION OF EXCL. GOODWILL WRITEDOWN ROE SHAREHOLDERS’ EQUITY - IFRS 11.1% 8,467 8,889 +5% 968 -477 -69 DECEMBER RESULT FOR DIVIDENDS OTHER DECEMBER 2023 THE YEAR 2024 Million euros 7
Slide 8: Investments and Cash
INVESTMENTS AND CASH INVESTMENT PORTFOLIO 45,612 78.4% FIXED INCOME 33,493 FIXED INCOME GOVERNMENT DEBT 23,308 +3.7% AND OTHER Spain 9,562 Rest of Europe 4,243 United States 1,815 Brazil 3,098 Latin America – Other 3,307 3.8% Other countries 1,282 CASH 13.7% EQUITIES AND FUNDS CORPORATE DEBT 10,184
Slide 9: Capital and Solvency
CAPITAL AND SOLVENCY CAPITAL STRUCTURE SOLVENCY II RATIO 12,658 202.4 %* 78.9% 6.8% PSHAREHOLDERS’ EQUITY SENIOR DEBT Tier 1 83% DEBT 12.9% SUBORDINATED DEBT 1.4% BANK DEBT 21.1% Million euros *Data to September 2024 9
Slide 10: Shareholder Composition and Free Float
198,995 SHAREHOLDERS SHAREHOLDER FREE COMPOSITION FLOAT FUNDACIÓN MAPFRE INSTITUTIONAL 17.2% 69.8% RETAIL 12.6% OTHER SHAREHOLDERS TREASURY STOCK 0.4% 30.2% 10
Slide 11: Dividends: 9.5 Cents Final Dividend
9.5CENTS FINAL DIVIDEND 6.9% 16 CENTS DIVIDEND YIELD OVER AVERAGE SHARE PRICE TOTAL 2024 493 DIVIDENDS PAID TOTAL 2020 2021 2022 2023 2024 DIVIDEND AGAINST FISCAL YEAR 2024 416 416 447 447 477 Million euros 11
Slide 12: Share Price
SHARE PRICE 7,533 MARKET CAPITALIZATION 12-31-24 IBEX 35 +14.8% MAPFRE +25.9% STOXX INSURANCE 18.9% Million euros Data rebased to 100 12
Slide 13: Financial Indicators: Earnings per Share
FINANCIAL INDICATORS €0.31 EARNINGS PER SHARE 84.7% 7.8 PRICE/BOOK P/E RATIO VALUE RATIO 13
Slide 14: Double Standards
DOUBLE STANDARDS 1 2 PUBLICLY QUOTED INSURANCE GROUP OF ENTITIES INSURANCE ENTITIES IFRS 17 & 9 RULES LOCAL INSURANCE ACCOUNTING PRINCIPLES 14
Slide 15: Key Figures
KEY FIGURES REVENUE PREMIUMS 33,177 28,122 +2.9% +4.5% +6.6%* ATTRIBUTABLE NON-LIFE EARNINGS COMBINED RATIO 902 94.4% +30.3% Million euros Homogenized local accounting *At constant exchange rates 15
Slide 16: Premiums and Combined Ratios
PREMIUMS AND COMBINED RATIOS MAIN BUSINESSES COMBINED DECEMBER DECEMBER DECEMBER PREMIUMS RATIO 2022 2023 2024 8,617 8,449 AUTO 106.1% 106.0% 104.6% 6,484 GENERAL P&C 87.9% 87.6% 80.9% 2,760 2,696 100.1% 98.9% 98.6% 2,154 ACCIDENT & HEALTH 98.0% 97.2% 94.4% TOTAL NON-LIFE GENERAL REINSURANCE AUTO AC
Slide 17: Premiums and Earnings by Business Unit
PREMIUMS AND EARNINGS BY BUSINESS UNIT INSURANCE MAPFRE RE MAWDY ASSISTANCE 9,098 23,356 +3.3% 8,382 +6.7% 9,965 PREMIUMS 6,563 4,800 5,165 2,769 1,525 1,819 498* IBERIA BRAZIL OTHER LATAM NORTH AMERICA EMEA REINSURANCE GLOBAL RISKS ASSISTANCE +3% -6.5% +10.5% +3.2% +18.1% +7.3% +4.5% +5.7% 408 842
Slide 18: In Summary…
IN SUMMARY… 1 2 3 POSITIVE IMPROVEMENTS INDICATORS AND IN TECHNICAL FAVORABLE PROGRESS MANAGEMENT OUTLOOK Combined ratio has FOR 2025 Under both accounting standards improved by almost 3 percentage points 18
Slide 19: Fernando Mata, Third Vice Chairman and CFO
FERNANDO MATA THIRD VICE CHAIRMAN AND CFO