Edition:
United States

Mapfre SA (MAP.MC)

MAP.MC on Madrid SE C.A.T.S.

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25 May 2017
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Latest Key Developments (Source: Significant Developments)

Mapfre Q1 net profit up 7.5 pct YoY
Friday, 28 Apr 2017 04:56am EDT 

April 28 (Reuters) - Mapfre SA ::Q1 premiums 6.67 billion euros ($7.28 billion) versus 6.11 billion euros year ago.Q1 net profit 206.2 million euros versus 191.7 million euros year ago.Q1 revenue 7.85 billion euros versus 7.26 billion euros year ago.  Full Article

Mapfre sells office building in Madrid for 72 mln euros
Thursday, 6 Apr 2017 12:15pm EDT 

Mapfre SA : Sells office building in Madrid to GMP real estate group for 72 million euros ($76.7 million) Further company coverage: [MAP.MC] ($1 = 0.9391 euros) (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Mapfre says income growth target could be reduced in 2016-2018
Friday, 10 Mar 2017 08:18am EST 

Mapfre SA : Sees ROE at over 11 percent in 2018 . Says yield from dividends target is maintained at about 5 percent, with pay out between 50 percent and 65 percent of profit in 2016-2018 . Objective of income growth could be reduced in the next two years, due to prioritizing of profitable growth, as well as lower interest rates, which result in lower financial income .Premiums will continue to grow at expected rates, aided by strengthening of certain currencies.  Full Article

Mapfre FY net profit up 9.4 percent vs last year
Wednesday, 8 Feb 2017 01:57am EST 

Mapfre SA : Reports FY premiums at 22.81 billion euros ($24.34 billion) versus 22.31 billion euros year ago . FY net profit 775.5 million euros versus 708.8 million euros year ago . To propose final dividend of 0.085 euros gross per share .FY revenue 27.09 billion euros versus 26.70 billion euros year ago.  Full Article

Mapfre buys 31 pct in Indonesia's ABDA for 92.3 million euros
Tuesday, 4 Oct 2016 02:00am EDT 

Mapfre SA : Buys 31 percent of insurance company PT Asuransi Bina Dana Arta Tbk (ABDA) in Indonesia for 92.3 million euros ($103.2 million) .Says already held 20 percent in ABDA, now holds majority stake.  Full Article

Mapfre to appoint Fernando Mata Verdejo as CFO
Thursday, 29 Sep 2016 08:33am EDT 

Mapfre SA : Says to appoint Fernando Mata Verdejo as chief financial officer, effective as of Jan. 1, 2017 .Esteban Tejera Montalvo to resign from the board of directors due to retirement as of Dec. 31, 2016.  Full Article

Mapfre invests in a fund which finances startups
Monday, 20 Jun 2016 07:30am EDT 

Mapfre SA : Says invests in Alma Mundi, an investment fund which finances startups .Says Alma Mundi aims to gather 50 million euros ($56.6 million), Mapfre to contribute 7.5 percent of fund's capital.  Full Article

Spain's Mapfre says does not rule out acquisitions in US
Wednesday, 15 Jun 2016 08:31am EDT 

Chairman Of Spain's Mapfre Antonio Huertas: Says he does not rule out acquisitions in the United States, though there is nothing currently on the table Further company coverage: [MAP.MC] (Reporting by Madrid Newsroom) ((madrid.newsroom@thomsonreuters.com; +34915852151;)).  Full Article

Euler Hermes and Mapfre JV Solunion launches operations in Panama
Tuesday, 6 Oct 2015 08:00pm EDT 

Euler Hermes SA:Solunion, a Euler Hermes and Mapfre joint venture, launches operations in Panama.Credit insurance policies will be issued through MAPFRE Panama and managed by Solunion Mexico, with support of MAPFRE RE.  Full Article

Bankinter and Mapfre unit buys Portuguese business of life insurance and pensions from Barclays
Tuesday, 1 Sep 2015 08:00pm EDT 

Bankinter SA:Bankinter Seguros de Vida, subsidiary company controlled in equal parts by Bankinter and Mapfre, has agreed with Barclays upon acquisition of its Portuguese business of life insurance and pensions for estimated amount of 75 million euros.  Full Article

More From Around the Web

BRIEF-Spain's Mapfre expects to meet 2018 strategic plan targets

* Says expects the insurer to meet 2018 strategic plan targets, including revenue growth goal