Mapfre Re’s 2022 net profit drops 5% to EUR143mn
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Mapfre Re’s 2022 net profit drops 5% to EUR143mn

Abbie Wood
09 February 2023
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An increase in mid-sized catastrophic events impacted Mapfre Re’s annual profits for 2022, with major droughts in Brazil and Paraguay key drivers behind a year-on-year drop of 5% to a EUR143mn ($154mn) net result.

Mapfre’s group results published this morning stated that, since the end of December 2021 a catastrophic loss took place in its agricultural line in Brazil and Paraguay, as a result of one of the greatest droughts of the century...

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