Report

Mapfre : Attractive yields for an issuer with solid credit fundamentals

We are initiating the coverage on MAPFRE, the leading Spanish insurance company. MAPFRE has in our view solid credit fundamentals, and we expect them to remain resilient to the challenges that have arisen from the breakout of the war and their direct and indirect impacts. A not very significant consequence of the conflict has been the postponement of the Investor Day initially scheduled for 23 March to early summer and intended to present the 2022-2024 strategy to early summer, b...
Underlying
Mapfre SA

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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