Mapfre : Q2 2024 confirms the positive operational results
>Outperform rating reiterated - Target price lowered to € 2.75 (vs € 2.80) - Mapfre delivered a broadly reassuring Q2 2024 both on the operational front and with regards to the balance (solvency, etc.) and in line with the new medium-term strategic plan - Net profit was therefore € 245m (i.e. +14% vs cons.). The still favourable trend on underlyings notably with maintained solid commercial activity but also increasingly visible signs of improvement in the technical re...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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