Mapfre (MAP) Q3 2026 (Media) earnings summary

Executive summary

• 9M revenue rose 3.0% to €27,239.7m; premiums reached €22,826.7m, up 2.0% reported and 0.7% at constant exchange rates.

• Net result increased 11.5% to €924.3m; profitable growth and stronger financial income supported results despite catastrophe claims in Latin America and reinsurance.

• Shareholders’ equity rose 5.4% to €9,445.2m.

Financial highlights

• Non-Life premiums rose 1.1% to €17,493.3m; Life premiums increased 5.0% to €5,333.4m, or 12.6% excluding non-recurring corporate policies.

• Non-Life result increased 11.8%; Life contributed €199m to net result, up 10.6%, supported by high portfolio yields and realized gains.

• Equity and mutual fund investments totaled €9.5bn, up 5.4% since the start of the fiscal year.

Outlook and guidance

• Safety Insurance acquisition remained on schedule, with closing expected in Q1 2027; antitrust review was complete, while shareholder and Massachusetts regulatory approvals remained key milestones.

• Strategic-plan execution was entering its final stage, emphasizing profitable growth and shareholder value; details of the upcoming plan are expected in 2027.

• Rate increases were seen as supportive of investment income and insurance profitability, while very significant hikes could weigh on savings activity and the wider economy.