Mapfre (MAP) AGM 2026 summary

Opening remarks and agenda

• The meeting was held both in-person and via telematic means, with live internet broadcast and high shareholder participation, reaching 84.93% attendance.

• The agenda included approval of annual accounts, management reports, application of results, corporate governance, director elections, bylaw amendments, remuneration, treasury share authorization, dividend approval, and delegation of powers.

Financial performance review

• Premiums reached EUR 29.1 billion (+3.8%), total revenues EUR 34.5 billion (+4%), and insurance service income EUR 26.35 billion (+3.3%).

• Net profit exceeded EUR 1 billion for the first time, up 17% year-on-year; ROE was 12.4% (13.3% excluding extraordinary adjustments).

• Attributable equity rose to EUR 9.4 billion (+5.9%), assets to EUR 58.5 billion (+3.2%), and investments to EUR 48.2 billion (+5.8%).

• Combined ratio improved to 92.2%, the best in the company’s history, with strong technical performance across all regions.

• Share price rose over 75%, outperforming benchmarks, with total shareholder return above 80%.

Board and executive committee updates

• Re-election of executive and independent directors, including the ratification of appointments and recognition of outgoing board members.

• Amendments to bylaws to reinforce board independence and clarify director term limits.