Mapfre S.A.

Mapfre is an insurance company based in Spain. Co. is the parent company of a group engaged in the underwriting and provision of insurance in Spain and abroad. Insurance policies provided include: life, non-life, accident, home-owner, general and health. Through its subsidiaries, Co. is also engaged in the provision of reinsurance, the management of investment funds, pension funds and pension plans, real estate and related services. On the domestic market, Co.'s activities include managing investment funds, pension funds and pension plans, real estate and other service businesses.
  • TickerMAP
  • ISINES0124244E34
  • ExchangeMadrid Stock Exchange
  • SectorNonlife Insurance
  • CountrySpain
Maria Paz Ojeda

MAPFRE: MENSAJES DE LA CONFERENCE CALL RDOS. 2T’20 (ANÁLISIS BANCO SABADELL)

Los principales mensajes de la presentación han sido: i. Evolución 1S’20 y perspectivas: En seguro directo, el impacto de Covid-19 en los diferentes ramos (menores primas y resultado financiero, reducción de la siniestralidad) se han compensado entre sí. Así por ejemplo, las primas No Vida se han reducido c.18% en 2T’20 pero el RC de autos (c.35% de las primas) se ha reducido en c.10p.p. (hasta 81% en España y c.90% a nivel grupo). En 2T’20 MAP ha incrementado reservas de siniestralidad de forma prudente en todas las divisiones anticipando el incremento de partes de siniestros tras el confina...

Maria Paz Ojeda

MAPFRE: 2Q’20 RESULTS (ANÁLISIS BANCO SABADELL)

2Q'20 vs. 2Q'19 Results Premiums: € 4.883 Bn (-61.0% vs. -58.2% expected and -57.0% expected by the market consensus); Technical Result: € 316.0 M (-61.7% vs. -65.6% expected and -54.7% expected by the market consensus); EBT: € 182.2 M (-75.7% vs. -62.7% expected and -56.5% expected by the market consensus); Net Profit: € 143.9 M (-61.6% vs. -63.4% expected and -56.5% expected by the market consensus); 1H'20 vs. 1H'19 Results Premiums: € 10.983 Bn (-12.3% vs. -9.5% expected and -8.1% expected by the market consensus); Technical Result: € 670.0 M (-18.8% vs. -30.3% expected and -19.6% expected ...

Maria Paz Ojeda

MAPFRE: RDOS. 2T’20 (ANÁLISIS BANCO SABADELL)

Rdos. 2T’20 vs 2T'19: Primas: 4.883 M euros (-61,0% vs -58,2% BS(e) y -57,0% consenso); Rdo. Técnico: 316,0 M euros (-61,7% vs -65,6% BS(e) y -54,7% consenso); BAI: 182,2 M euros (-75,7% vs -62,7% BS(e) y -56,5% consenso); BDI: 143,9 M euros (-61,6% vs -63,4% BS(e) y -56,5% consenso). Rdos. 1S'20 vs 1S'19: Primas: 10.983 M euros (-12,3% vs -9,5% BS(e) y -8,1% consenso); Rdo. Técnico: 670,0 M euros (-18,8% vs -30,3% BS(e) y -19,6% consenso); BAI: 536,5 M euros (-28,4% vs -27,0% BS(e) y -21,1% consenso); BDI: 270,7 M euros (-27,7% vs -29,9% BS(e) y -23,1% consenso). Ha obtenido en 2T'20 un BDI ...

Research Department

INFORME DIARIO 24 JULIO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: CELLNEX, EUSKTALTEL, IAG, TELEFÓNICA. EUROPA: INTESA SAN PAOLO Mercado plano en Europa pero no en EE.UU. Jornada tranquila (aunque de más a menos) en Europa con los principales selectivos cotizando estables a pesar de la tensión entre EE.UU y China por cuenta del cierre del consulado en Houston aunque se vieron más penalizados tras el mal dato de empleo semanal americano. En el Euro STOXX los mejores sectores fueron Autos y Bienes de Consumo, mientras que Seguros e Inmobiliario presentaron el peor comportamiento relativo. Por el lado macro, en Eu...

Research Department

IBERIAN DAILY 24 JULY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: CELLNEX, EUSKTALTEL, IAG, TELEFÓNICA. MARKETS YESTERDAY AND TODAY A flat market in Europe but not in the US It was a calm session (although with a decreasing performance) in Europe, with the main indices trading stable despite the tensions between the US and China due to the closure of Houston’s consulate although more penalised following the poor weekly jobless claims data in the US. In the Euro STOXX, Automobiles and Consumer Goods were the best performing-sectors, while Insurance and Real Estate saw the worst relative performance. On the macroeconomic level, in Europe, July...

Matthieu DRIOL

Short term view - MAPFRE : Overbought stochastics

The trend is uncertain. Prices have recovered but the trend lacks power for the time being. Stochastics are at the overbought level. prices could fall again to €2.485.

Matthieu DRIOL

Analyse court terme - MAPFRE : Stochastiques en zone de surachat.

La tendance est incertaine. Les cours se sont repris, mais la tendance manque de puissance pour le moment. Les Stochastiques sont en zone de surachat. Les cours pourraient se replier jusqu'à 2,485 €.

Matthieu DRIOL

Analyse court terme - MAPFRE : Les cours se sont repris.

La tendance est incertaine. Les cours se sont repris, mais la tendance manque de puissance pour le moment. La prochaine résistance est à 2,767 €.

Matthieu DRIOL

Short term view - MAPFRE : Prices recovered.

The trend is uncertain. Prices have recovered but the trend lacks power for the time being. The next resistance is at €2.767.

Valérie GASTALDY

Analyse moyen terme - MAPFRE : Les cours baissent.

La tendance est incertaine. Les cours baissent, et il y a une possibilité d'accélération baissière. Une nouvelle tendance baissière tente de démarrer.

Mapfre Sa: 1 director bought

A director at Mapfre Sa bought 58,000 shares at 1.740EUR and the significance rating of the trade was 61/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board mem...

Maria Paz Ojeda

MAPFRE: MENSAJES DE LA CONFERENCE CALL RDOS. 2T’20 (ANÁLISIS BANCO SABADELL)

Los principales mensajes de la presentación han sido: i. Evolución 1S’20 y perspectivas: En seguro directo, el impacto de Covid-19 en los diferentes ramos (menores primas y resultado financiero, reducción de la siniestralidad) se han compensado entre sí. Así por ejemplo, las primas No Vida se han reducido c.18% en 2T’20 pero el RC de autos (c.35% de las primas) se ha reducido en c.10p.p. (hasta 81% en España y c.90% a nivel grupo). En 2T’20 MAP ha incrementado reservas de siniestralidad de forma prudente en todas las divisiones anticipando el incremento de partes de siniestros tras el confina...

Maria Paz Ojeda

MAPFRE: 2Q’20 RESULTS (ANÁLISIS BANCO SABADELL)

2Q'20 vs. 2Q'19 Results Premiums: € 4.883 Bn (-61.0% vs. -58.2% expected and -57.0% expected by the market consensus); Technical Result: € 316.0 M (-61.7% vs. -65.6% expected and -54.7% expected by the market consensus); EBT: € 182.2 M (-75.7% vs. -62.7% expected and -56.5% expected by the market consensus); Net Profit: € 143.9 M (-61.6% vs. -63.4% expected and -56.5% expected by the market consensus); 1H'20 vs. 1H'19 Results Premiums: € 10.983 Bn (-12.3% vs. -9.5% expected and -8.1% expected by the market consensus); Technical Result: € 670.0 M (-18.8% vs. -30.3% expected and -19.6% expected ...

Maria Paz Ojeda

MAPFRE: RDOS. 2T’20 (ANÁLISIS BANCO SABADELL)

Rdos. 2T’20 vs 2T'19: Primas: 4.883 M euros (-61,0% vs -58,2% BS(e) y -57,0% consenso); Rdo. Técnico: 316,0 M euros (-61,7% vs -65,6% BS(e) y -54,7% consenso); BAI: 182,2 M euros (-75,7% vs -62,7% BS(e) y -56,5% consenso); BDI: 143,9 M euros (-61,6% vs -63,4% BS(e) y -56,5% consenso). Rdos. 1S'20 vs 1S'19: Primas: 10.983 M euros (-12,3% vs -9,5% BS(e) y -8,1% consenso); Rdo. Técnico: 670,0 M euros (-18,8% vs -30,3% BS(e) y -19,6% consenso); BAI: 536,5 M euros (-28,4% vs -27,0% BS(e) y -21,1% consenso); BDI: 270,7 M euros (-27,7% vs -29,9% BS(e) y -23,1% consenso). Ha obtenido en 2T'20 un BDI ...

Research Department

INFORME DIARIO 24 JULIO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: CELLNEX, EUSKTALTEL, IAG, TELEFÓNICA. EUROPA: INTESA SAN PAOLO Mercado plano en Europa pero no en EE.UU. Jornada tranquila (aunque de más a menos) en Europa con los principales selectivos cotizando estables a pesar de la tensión entre EE.UU y China por cuenta del cierre del consulado en Houston aunque se vieron más penalizados tras el mal dato de empleo semanal americano. En el Euro STOXX los mejores sectores fueron Autos y Bienes de Consumo, mientras que Seguros e Inmobiliario presentaron el peor comportamiento relativo. Por el lado macro, en Eu...

Research Department

IBERIAN DAILY 24 JULY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: CELLNEX, EUSKTALTEL, IAG, TELEFÓNICA. MARKETS YESTERDAY AND TODAY A flat market in Europe but not in the US It was a calm session (although with a decreasing performance) in Europe, with the main indices trading stable despite the tensions between the US and China due to the closure of Houston’s consulate although more penalised following the poor weekly jobless claims data in the US. In the Euro STOXX, Automobiles and Consumer Goods were the best performing-sectors, while Insurance and Real Estate saw the worst relative performance. On the macroeconomic level, in Europe, July...

With a more favourable environment, MAPFRE SA improves to Slightly Positive

MAPFRE SA (ES), a company active in the Full Line Insurance industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date October 22, 2019, the closing price was EUR 2.58 and its potential was estimated at EUR 2.71.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Mapfre - AGM 13 March 2020

In item 5.1, the Board proposes to re-appoint Mr. Ignacio Baeza Gómez as executive Director. As we have concerns on the overall composition of the Board, comprising 5 executives (33%), 3 representatives of the controlling shareholder and only 7 independent Directors (47%), we recommend opposition. In item 6, shareholders are called to a binding vote over the 2020-2022 remuneration policy for the members of the Board of Directors. No significant changes are proposed to the policy approved by the 2019 AGM, except for additional performance metrics used to calculate the annual bonus (only net pr...

Mapfre – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Mapfre March 08th, 2019

We have concerns over the lack of independent representation on the Board, as it comprises 5 executives, 3 representatives of the controlling shareholder and only 7 independent Directors (47%). Therefore, we recommend that shareholders oppose the re-appointment of the executive Director Mr. Inchausti Pérez in item 5, and the 3 non-executive Directors representing the controlling shareholder Fundación Mapfre (67.7% of the share capital), respectively in item 6, item 7 and item 8. In item 13, shareholders are called to approve the remuneration policy for the 2019-2021 period (binding vote). We ...

Expert Corporate Governance Service (ECGS)

Proxy Report - 10/03/2018

n item 4, we recommend to oppose the re-appointment of the Chairman-CEO Mr. Huertas Mejías, we have serious concerns over the excessive concentration of powers, also taking into account the lack of independent representation on the Board (40%).In item 8, the Board proposes to amend the Regulations of the General Meeting by eliminating the power to approve the issue of non-convertible bonds. In our opinion, a mandatory shareholders' approval may prevent companies from excessive use, or any abuses, of debt instruments. Hence, we recommend opposition.In items 9 and 10, we recommend to oppose the ...

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