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
Expert Corporate Governance Service (ECGS)

Mapfre - AGM 13 March 2021

The meeting will be held exclusively via telematic means and it is predicted to be held on first call.  Serious concerns arise over the lack of independence on the Board (47%), especially considering that there is no separation between management and control as the positions of Chairman and CEO are combined into one person, Mr. Huertas Mejías, hence we oppose the re-elections of both executive Directors in items 6 and 7.  In item 11, shareholders are asked to vote on the Annual Remuneration Report. Serious concerns arise over the clarity of disclosure over the variable remuneration: only the...

Maria Paz Ojeda

MAPFRE: MENSAJES DE LA CONFERENCE CALL RDOS. 4T’20 (ANÁLISIS BANCO SABADELL)

Los principales mensajes de la presentación han sido:  Impacto Covid-19 e impacto de Filomena. Con respecto al Covid-19, reiteran el mensaje de que en seguro directo, el impacto positivo por menor siniestralidad se compensa con el negativo en ingresos (primas, divisas, Rdo. financiero), y tienen todavía reservas constituidas por 44 M euros. Con respecto a la normalización de la frecuencia especialmente en autos (c.30% del negocio No Vida), recuerdan que el RC de c.93% alcanzado en 2020 no es sostenible y tendría que repuntar a niveles más normalizados (c.95-97%) a medida que se normalice la ...

Maria Paz Ojeda

MAPFRE: FY2020 RESULTS (ANÁLISIS BANCO SABADELL)

4Q'20 vs. 4Q'19 Results: Premiums: € 4.933 Bn (-8% vs. -10.2% BS(e) and -8.4% consensus); Operating Result: € 300.4 M (-17.8% vs. -11.7% BS(e) and +17% consensus); EBT: € 257.8 M (-79.8%); Net Profit: € 76.1 M (-48% vs. -72.2% BS(e) and -72.0% consensus); FY2020 vs FY2019 Results Premiums: € 20.482 Bn (-11.1% vs. -11.5% BS(e) and -10.9% consensus); Operating Result: € 1.337 Bn (-12.8% vs. -8.6% BS(e) and -7.6% consensus); EBT: € 1.118 Bn (-12.6%); Net Profit: € 526.5 M (-13.6% vs. +1.8% BS(e) and +2.0% consensus); The company obtained € 526.5 M of Net Profit’20 (-15% vs. expectations), meanin...

Maria Paz Ojeda

MAPFRE: RDOS. 2020 (ANÁLISIS BANCO SABADELL)

Rdos. 4T'20 vs 4T'19: Primas: 4.933 M euros (-8% vs -10,2% BS(e) y -8,4% consenso); Rdo. Operativo: 300,4 M euros (-17,8% vs -11,7% BS(e) y +17% consenso); BAI: 257,8 M euros (-79,8% vs n/a BS(e) y n/a consenso); BDI: 76,1 M euros (-48% vs -72,2% BS(e) y -72,0% consenso); Rdos. 2020 vs 2019: Primas: 20.482 M euros (-11,1% vs -11,5% BS(e) y -10,9% consenso); Rdo. Operativo: 1.337 M euros (-12,8% vs -8,6% BS(e) y -7,6% consenso); BAI: 1.118 M euros (-12,6% vs n/a BS(e) y n/a consenso); BDI: 526,5 M euros (-13,6% vs +1,8% BS(e) y +2,0% consenso); Ha alcanzado un BDI’20 de 526,5 M euros (-15% vs ...

Research Department

IBERIAN DAILY 11 FEBRUARY + 4Q’20 RESULTS. HIGHLIGHTS AND REST OF PREVIEWS (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ARCELOR MITTAL, MAPFRE. At the end of today’s report, and during the entire results season, we will include a presentation with positive and negative results highlights and previews for the 4Q’20 results to be released over the coming days in Spain. MARKETS YESTERDAY AND TODAY US dragging Europe down The session ended worse than it began, finally ending in the red after the bearish opening in the US and despite the fact that January’s inflation rose in line with expectations, distancing the debate on inflationary pressure. Thus, in the Euro STOXX, most sectors closed in negati...

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. 4T’20 (ANÁLISIS BANCO SABADELL)

Los principales mensajes de la presentación han sido:  Impacto Covid-19 e impacto de Filomena. Con respecto al Covid-19, reiteran el mensaje de que en seguro directo, el impacto positivo por menor siniestralidad se compensa con el negativo en ingresos (primas, divisas, Rdo. financiero), y tienen todavía reservas constituidas por 44 M euros. Con respecto a la normalización de la frecuencia especialmente en autos (c.30% del negocio No Vida), recuerdan que el RC de c.93% alcanzado en 2020 no es sostenible y tendría que repuntar a niveles más normalizados (c.95-97%) a medida que se normalice la ...

Maria Paz Ojeda

MAPFRE: FY2020 RESULTS (ANÁLISIS BANCO SABADELL)

4Q'20 vs. 4Q'19 Results: Premiums: € 4.933 Bn (-8% vs. -10.2% BS(e) and -8.4% consensus); Operating Result: € 300.4 M (-17.8% vs. -11.7% BS(e) and +17% consensus); EBT: € 257.8 M (-79.8%); Net Profit: € 76.1 M (-48% vs. -72.2% BS(e) and -72.0% consensus); FY2020 vs FY2019 Results Premiums: € 20.482 Bn (-11.1% vs. -11.5% BS(e) and -10.9% consensus); Operating Result: € 1.337 Bn (-12.8% vs. -8.6% BS(e) and -7.6% consensus); EBT: € 1.118 Bn (-12.6%); Net Profit: € 526.5 M (-13.6% vs. +1.8% BS(e) and +2.0% consensus); The company obtained € 526.5 M of Net Profit’20 (-15% vs. expectations), meanin...

Maria Paz Ojeda

MAPFRE: RDOS. 2020 (ANÁLISIS BANCO SABADELL)

Rdos. 4T'20 vs 4T'19: Primas: 4.933 M euros (-8% vs -10,2% BS(e) y -8,4% consenso); Rdo. Operativo: 300,4 M euros (-17,8% vs -11,7% BS(e) y +17% consenso); BAI: 257,8 M euros (-79,8% vs n/a BS(e) y n/a consenso); BDI: 76,1 M euros (-48% vs -72,2% BS(e) y -72,0% consenso); Rdos. 2020 vs 2019: Primas: 20.482 M euros (-11,1% vs -11,5% BS(e) y -10,9% consenso); Rdo. Operativo: 1.337 M euros (-12,8% vs -8,6% BS(e) y -7,6% consenso); BAI: 1.118 M euros (-12,6% vs n/a BS(e) y n/a consenso); BDI: 526,5 M euros (-13,6% vs +1,8% BS(e) y +2,0% consenso); Ha alcanzado un BDI’20 de 526,5 M euros (-15% vs ...

Research Department

IBERIAN DAILY 11 FEBRUARY + 4Q’20 RESULTS. HIGHLIGHTS AND REST OF PREVIEWS (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ARCELOR MITTAL, MAPFRE. At the end of today’s report, and during the entire results season, we will include a presentation with positive and negative results highlights and previews for the 4Q’20 results to be released over the coming days in Spain. MARKETS YESTERDAY AND TODAY US dragging Europe down The session ended worse than it began, finally ending in the red after the bearish opening in the US and despite the fact that January’s inflation rose in line with expectations, distancing the debate on inflationary pressure. Thus, in the Euro STOXX, most sectors closed in negati...

Research Department

INFORME DIARIO 11 FEBRERO + RDOS. ESPAÑA Y EUROPA 4T’20. IDEAS DESTACADAS Y RESTO DE PREVIEWS (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ARCELOR, MAPFRE. EUROPA: UNICREDIT. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 4T’20 que se publicarán en España y Europa en los próximos días. EE.UU arrastró a Europa La sesión fue de más a menos en Europa para terminar finalmente en negativo afectada por la apertura bajista de EE.UU. y a pesar de que la inflación de enero avanzó en línea con lo esperado y alejó el debate de presiones inflacionistas....

Expert Corporate Governance Service (ECGS)

Mapfre - AGM 13 March 2021

The meeting will be held exclusively via telematic means and it is predicted to be held on first call.  Serious concerns arise over the lack of independence on the Board (47%), especially considering that there is no separation between management and control as the positions of Chairman and CEO are combined into one person, Mr. Huertas Mejías, hence we oppose the re-elections of both executive Directors in items 6 and 7.  In item 11, shareholders are asked to vote on the Annual Remuneration Report. Serious concerns arise over the clarity of disclosure over the variable remuneration: only the...

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 ...

MAPFRE sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of MAPFRE (ES), a company active in the Full Line Insurance industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date November 10, 2020, the closing price was EUR 1.61 and its potential was estimated at EUR 1.73.

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 we...

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