Non-life insurance business boosts Mapfre's first-half net profit

Mapfre SA

24/07/2025 11:46

July 24 (Reuters) - Spanish insurer Mapfre MAP.MC reported on Thursday a 23.6% increase in net income for the first half of 2025, supported by improvement in its non-life insurance business, whose profitability increased close to 69%.

The firm's net profit reached 570.4 million euros ($59.21 million), up from 461.6 million euros reported a year ago under local accounting rules. Premiums rose 5.3% to 15.95 billion euros, compared with 15.15 billion euros in the same period last year.

($1 = 0.8512 euros)

 (Reporting by Marta Serafinko and Mireia Merino in Gdansk, editing by David Latona)

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