Spain's Mapfre profit soars almost 40% in the first nine months of the year

Mapfre SA

29/10/2024 07:25

Oct 29 (Reuters) - Spain's largest insurer Mapfre
 MAP.MC  said on Tuesday its net profit rose 39% in first nine
months of the year as higher prices and a more benign weather
and less severe natural disasters lifted its non-life business'
profitability.
    The firm's net profit soared to 654 million euros ($803.80
million) up from 471 million euros recorded in the same period
last year, while its premiums reached 21.62 billion euros.
    ($1 = 0.9250 euros)

 (Reporting by Marta Serafinko and Natalia Siniawski, editing by
Inti Landauro)
 ((Marta.Serafinko@thomsonreuters.com; +48 58 769 66 00;))