Spain's Mapfre posts 20% profit rise despite hit from Latin America regulation

Mapfre SA

12/02/2026 07:40

By Marta Serafinko and Mireia Merino

Feb 12 (Reuters) - Spanish insurer Mapfre MAP.MC reported a 19.6% rise in its yearly net profit to 1.08 billion euros ($1.28 billion) on Thursday, driven by growth in its non-life insurance business and lower hyperinflation adjustments, despite regulatory impacts in Latin America and one-off costs.

The board will propose a final gross dividend of 0.11 euro per share, bringing the total payout for 2025 to 0.18 euro per share, up 12.5% from a year ago, Mapfre said in a statement.

($1 = 0.8425 euros)

(Reporting by Marta Serafinko and Mireia Merino in Gdansk, editing by Milla Nissi-Prussak)

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