Mapfre Re Q2 profit falls 32% to EUR34.3mn

28 July 2022

Mapfre Re has reported a Q2 net profit of EUR34.3mn ($34.8mn) for its reinsurance segment, compared with a profit of EUR50.3mn for the same period last year, a 31.8% drop.

The carrier cited droughts in the Paraná River bed in Brazil and Paraguay, which had a EUR51mn impact on the group’s result.

Combined

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