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Spain's Mapfre reports 31 pct fall in 2012 net profit
February 6, 2013 / 11:17 AM / 5 years ago

Spain's Mapfre reports 31 pct fall in 2012 net profit

MADRID, Feb 6 (Reuters) - Spanish insurer Mapfre reported on Wednesday a 31 percent drop in full-year profit to 665.7 million euros ($900.6 million), owing to provisions and a faltering domestic market.

Mapfre’s revenues rose 7.5 percent to 25.3 billion euros in 2012, lifted by overseas business particularly in Brazil and the United States. ($1 = 0.7392 euros) (Reporting by Clare Kane; Editing by Paul Day)

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