Mapfre, S.A. (MPFRF) Q1 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.689 -- 00:00:04.715 Good morning and welcome to Mottray's activity update for the first quarter of 2026. 00:00:04.715 -- 00:00:06.137 This 00:00:06.137 -- 00:00:09.942 is Leandra Clark, Head of Investor Relations and Capital Markets. 00:00:09.942 -- 00:00:15.570 Thank you very much for joining us. We are pleased to have with us Jose Manuel Enchausti, 00:00:15.570 -- 00:00:20.336 Vice President of Mottray, who will open the presentation with some remarks and an overview 00:00:20.336 -- 00:00:26.164 of recent business trends. He will be followed by Jose Luis Jimenez, our Group CFO, 00:00:26.164 -- 00:00:28.347 who will review the main financial highlights. 00:00:28.347 -- 00:00:33.251 and Felipe Navarro, Deputy General Manager of the Finance Area, will walk you through 00:00:33.251 -- 00:00:38.296 the balance sheet as well as the 2025 embedded value figures, which were also released 00:00:38.296 -- 00:00:41.198 this morning on our website. 00:00:41.198 -- 00:00:45.683 Before we go into the details, I would like to mention that we have adapted the format 00:00:45.683 -- 00:00:50.287 of this presentation to reflect your feedback on disclosure. 00:00:50.287 -- 00:00:55.792 We are aware that many analysts are modeling our business on a regional rather than segment 00:00:55.792 -- 00:00:59.725 approach. and we have adapted the presentation accordingly. 00:00:59.725 -- 00:01:04.612 We hope this updated format better meets your needs, and as always, we are open to any 00:01:04.612 -- 00:01:09.961 further feedback. As a reminder, Mott Prairie reports its IFRS financial 00:01:09.961 -- 00:01:15.289 information on a half-year basis. The information included in this activity update 00:01:15.289 -- 00:01:20.377 has been prepared under the accounting policies applic...