Mapfre, S.A. (MPFRF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to MAFRE's activity update for the first half of 2026. This is Felipe Navarro, Deputy General Manager of the Finance Area. Thank you very much for joining us. First of all, I would like to apologize for releasing results earlier than expected, but we had to wait for the closing of the Nasdaq. We are pleased to have with us Antonio Huertas, Group Executive Chairman, who will open the presentation with some remarks on the recently announced acquisition, as well as an overview of recent trends. He will be followed by José Luis Jiménez, our Group CFO, who will give us a brief overview of IFRS figures, which will report to the CNMV on a half-year basis, and will discuss the main financials under local accounting. Jaime Tamayo, the CEO of North America, will discuss the details of safety acquisition. I will walk you through the balance sheet and solvency data. You may submit questions at any point during the call using the Ask a Question link, and we will address them during the Q&A session at the end of the presentation. I will hand the floor over to Antonio. Thank you, Felipe. Good morning everyone and thank you for joining us today. We are pleased to report that MAFRE has delivered solid performance with clear growth in profitability for the first half of 2026. Net profit reached 624 million euros, reflecting excellent performance across our core markets. Iberia and MAFRE were important contributors to earnings growth, while North America and Brazil also reported higher profit. This performance is supported by a diversified and resilient business model, as well as by the technical discipline reflected in our underwriting, pricing, and reserving decisions. At the same time, MAFRE maintains a position of financial strength, We continue to benefit ...