Edition:
United States

Mapfre SA (MAP.MC)

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

2.66EUR
21 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Mapfre Partners With GLL To Invest Up To 300 Mln Euros In Office Space In Europe
Tuesday, 6 Mar 2018 05:38am EST 

March 6 (Reuters) - MAPFRE SA ::PARTNERS WITH GLL TO INVEST UP TO 300 MILLION EUROS IN OFFICE SPACE IN EUROPE WITHIN TWO OR THREE YEARS.INVESTMENT FOCUS IN LARGE CITIES IN GERMANY, FRANCE, AS WELL AS MARKETS LIKE AMSTERDAM, BRUSSELS, MILAN AND LUXEMBOURG.  Full Article

Brazil's BB Seguridade CEO José Mauricio Coelho expects profit levels to improve in 2019
Monday, 19 Feb 2018 09:33am EST 

Feb 19 (Reuters) - Bb Seguridade Participacoes Sa ::BRAZIL SEGURIDADE CEO JOSE MAURICIO COELHO SAYS OPERATIONAL IMPROVEMENT WAS NOT ENOUGH TO OFFSET FALL IN INTEREST RATES.BRAZIL SEGURIDADE CEO COELHO AIMS TO CONCLUDE REORGANIZATION WITH PARTNER MAPFRE THIS YEAR.BRAZIL SEGURIDADE CFO WERNER SUFFERT SAYS LOW INTEREST RATES STILL A CHALLENGE FOR 2018.BRAZIL'S BB SEGURIDADE CEO COELHO EXPECTS PROFIT LEVELS TO IMPROVE IN 2019.BB SEGURIDADE CEO COELHO SAYS COMPANY WILL PAY AT LEAST 80 PERCENT OF PROFITS AS DIVIDENDS IN 2018.  Full Article

Mapfre FY Net Profit Falls 9.7 Pct to 700.5 Million Euros
Thursday, 8 Feb 2018 02:21am EST 

Feb 8 (Reuters) - Mapfre SA ::SAYS NET COST OF LAST SEPTEMBER’S NATURAL DISASTERS IS 157 MILLION EUROS, 20 MILLION EUROS LESS THAN INITIAL ESTIMATE.FY NET PROFIT 700.5 MILLION EUROS VERSUS 775.5 MILLION EUROS YEAR AGO.FY PREMIUMS 23.48 BILLION EUROS VERSUS 22.81 BILLION EUROS YEAR AGO.FY REVENUE 27.98 BILLION EUROS VERSUS 27.09 BILLION EUROS YEAR AGO.TO PROPOSE FINAL DIVIDEND OF 0.085 EURO PER SHARE, MEETS OBJECTIVE TO MAINTAIN PAYOUT OF BETWEEN 50 AND 65 PERCENT.COMBINED RATIO 98.1 PERCENT AT END-DEC. VERSUS 97.4 PERCENT AT END-DEC. 2016.  Full Article

Mapfre Updates Terms Of Strategic Alliance With Banco Do Brasil‍​
Tuesday, 6 Feb 2018 05:13am EST 

Feb 6 (Reuters) - Mapfre SA ::SIGNS NON-BINDING MEMORANDUM OF UNDERSTANDING (MOU) TO UPDATE TERMS OF THE STRATEGIC ALLIANCE BETWEEN MAPFRE AND BANCO DO BRASIL‍​.TO OWN 100 PERCENT (CURRENTLY 50 PERCENT) OF BUSINESS GENERATED BY AGENCY NETWORK, AUTOMOBILE AND LARGE RISKS BUSINESS IN BB BANK CHANNEL.SAME CURRENT SHAREHOLDER CONFIGURATION FOR LIFE AND AGRICULTURE INSURANCE TO BE MAINTAINED.TO KEEP EXCLUSIVITY IN BANCO DO BRASIL BANK CHANNEL FOR ALL THE BUSINESSES IN SCOPE OF THE ALLIANCE.  Full Article

Mapfre buys 25 pct stake in French asset manager LFR‍​
Tuesday, 7 Nov 2017 04:46am EST 

Nov 7 (Reuters) - MAPFRE SA ::SAYS BUYS 25 PERCENT STAKE OF FRENCH ASSET MANAGER LA FINANCIERE RESPONSABLE (LFR)‍​.SAYS LFR HAS AROUND 150 MILLION EUROS OF ASSETS UNDER MANAGEMENT.  Full Article

Mapfre to pay interim dividend of 0.06 euros gross/shr‍​
Thursday, 26 Oct 2017 03:41am EDT 

Oct 26 (Reuters) - MAPFRE SA ::BOARD APPROVES 2017 INTERIM DIVIDEND OF 0.06 EUROS GROSS PER SHARE TO BE PAID ON DEC. 14‍​.  Full Article

Mapfre 9-month net profit down 22.3 pct YoY
Thursday, 26 Oct 2017 02:40am EDT 

Oct 26 (Reuters) - MAPFRE SA : :9-MONTH PREMIUMS 17.99 BILLION EUROS VERSUS 17.11 BILLION EUROS YEAR AGO.9-MONTH NET PROFIT 444.6 MILLION EUROS VERSUS 572.0 MILLION EUROS YEAR AGO‍​.9-MONTH REVENUE 21.29 BILLION EUROS VERSUS 20.96 BILLION EUROS YEAR AGO.SAYS MAINTAINS ITS INTERIM DIVIDEND AT 0.06 EURO PER SHARE AGAINST 2017 RESULTS.SAYS ESTIMATED IMPACT FROM HURRICANES AND EARTHQUAKES IS 176 MILLION EUROS, REDUCING PROFITS BY 22.3 PERCENT .CATASTROPHES AFFECTED THE GROUP COMBINED RATIO, WHICH NOW STANDS AT 98.7 PCT‍​.  Full Article

Mapfre says recent natural disasters to have impact of 150-200 mln euros on its profit
Monday, 25 Sep 2017 12:42pm EDT 

Sept 25 (Reuters) - MAPFRE ::SIZE AND FREQUENCY OF HURRICANES IN THE CARIBBEAN AND EARTHQUAKE IN MEXICO WILL IMPLY A NET COST OF BETWEEN 150 AND 200 MILLION EUROS ON MAPFRE'S ATTRIBUTABLE RESULT FOR THE YEAR, ACCORDING TO PRELIMINARY ESTIMATES CARRIED OUT BY THE COMPANY.TO REEVALUATE ITS EXPECTATIONS OF FULFILLING ITS OBJECTIVES FOR THE 2016-2018 PERIOD, SPECIFICALLY AVERAGE ROE AND AVERAGE COMBINED RATIO ANNOUNCED IN MARCH 2016.  Full Article

Mapfre says still waits to obtain license to operate in China
Wednesday, 26 Jul 2017 05:41am EDT 

July 26 (Reuters) - Mapfre SA ::SAYS STILL WAITS TO OBTAIN LICENSE TO OPERATE IN CHINA.SAYS DOES NOT PLAN TO INCREASE FREE FLOAT.  Full Article

Mapfre H1 net profit up 9 pct YoY
Wednesday, 26 Jul 2017 01:59am EDT 

July 26 (Reuters) - MAPFRE ::H1 NET PROFIT 415.1 MILLION EUROS VERSUS 380.4 MILLION EUROS YEAR AGO.H1 PREMIUMS 13.07 BILLION EUROS VERSUS 12.08 BILLION EUROS YEAR AGO.H1 REVENUE 15.43 BILLION EUROS VERSUS 14.64 BILLION EUROS YEAR AGO.  Full Article

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BB Seguridade sells unit to Mapfre, may free up capital

SAO PAULO Brazilian insurance company BB Seguridade SA said its board has approved a new agreement with Spain's Mapfre SA that may free up 1.8 billion reais ($478.2 million) worth of capital.