Mapfre (MAP) Q3 2025 (Media) earnings summary

Executive summary

• Net profit for the first nine months reached €829 million, up 27% year-over-year, with profitability growth across all regions and business lines.

• Interim dividend raised to €0.07 per share, marking the fourth consecutive increase and reflecting strong profitability and confidence in future performance.

• Strategic plan implementation is on track, with robust results in core businesses and improved technical management.

• Extraordinary impacts of €79 million from partial goodwill writedown in Mexico and derecognition of deferred tax assets in Italy and Germany; adjusted net result would be €908 million (+22.1%).

• Continued commitment to shareholders, with total 2025 dividend at €0.165 per share and dividend yield exceeding 5%.

Financial highlights

• Premiums grew 3.5% to €22.4 billion, with constant currency growth of 7.8%.

• Life insurance premiums rose 9.7%, non-life by 1.8% reported and 6.3% at constant FX.

• Assets under management increased to €63.1 billion (+6.2% year-to-date).

• Share price exceeded €4 per share as of September 30, outperforming market indices.

• Non-Life technical result up 50.1% to €953 million; Non-Life gross financial result up 8.8% to €529 million.

Outlook and guidance

• Optimistic but prudent outlook for 2025, expecting another record-breaking year, with profitable growth supported by technical measures and prudent reserving.

• Dividend increases reflect confidence in ongoing performance, with €508 million in dividends paid or declared for 2025.

• Management highlights ongoing internal transformation, efficiency improvements, and resilience to market conditions.