MAPFRE: 1Q’24 RESULTS (ANÁLISIS BANCO SABADELL)
1Q'24 vs. 1Q'23 ResultsPremiums: € 8.14 Bn (+4.6% vs. +6.3% BS(e) and +5.0% consensus);
EBT: € 469.8 M;
Net Profit: € 216.3 M (+68.3% vs. +36.7% BS(e) and +65.0% consensus).
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.
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