Mapfre's net profit jumps 70% on non-life business and absence of significant catastrophes

Mapfre SA

25/04/2024 13:13

April 25 (Reuters) - Spanish insurer Mapfre  MAP.MC 
said on Thursday its first quarter net profit soared almost 70%
compared to the same period last year, thanks to an absence of
significant catastrophes and higher profitability of its
non-life insurance business.
    The company's net profit reached 216 million euros ($231.81
million) in the first quarter, up from 128 million euros
recorded a year earlier, while the group's premiums rose 4.6% to
8.14 billion euros.
    ($1 = 0.9331 euros)

 (Reporting by Marta Serafinko and Natalia Siniawski, editing by
Inti Landauro)
 ((Marta.Serafinko@thomsonreuters.com;
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