Mapfre : Evolution opérationnelle/bilancielle plutôt rassurante au T3 2023
>Opinion Surperformance maintenue – OC porté à 2.60 € (vs 2.45 €) - L’évolution ressort globalement rassurante sur le plan opérationnel/bilanciel après la publication des résultats T3/9M 2023 de Mapfre avec un RN underlying s’établissant à 225 M€ (+5% vs cons). L’essentiel du ‘décalage’ au niveau publié (RN à 150 M€) s’explique par la comptabilisation de dépréciation de GW sur les activités US (75 M€). Nous réitérons notre opinion Surperformance sur le titre, avec un ...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.
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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