Mapfre Re profits rise 12.5% to EUR36.5mn due to fewer large claims
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Mapfre Re profits rise 12.5% to EUR36.5mn due to fewer large claims

Luke Harrison
28 April 2022
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Mapfre Re’s net profits for the first quarter of the year increased by 12.5% to EUR36.5mn ($38.3mn), versus profits of EUR32.4mn for the same period of 2021, due to the absence of “relevant events” and a reduction of large losses.

Combined ratio: The reinsurance unit of the Spanish composite insurer reported a slight improvement in the Q1 combined ratio to 94.1%,

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Luke Harrison
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