MAPFRE: PRELIMINARY 9M’21 PREMIUMS (ANÁLISIS BANCO SABADELL)
As usual this year, MAP has released its preliminary 9M’21 premiums, the details of which will be broken down on 29/10 with its 9M’21 Results. Total premiums came in at € 16.631 Bn, meaning +7% vs. 9M’20 and higher growth in 3Q’21 on a standalone basis vs. previous quarters up to +8.8% (and vs. +6.3% BS(e); consensus figures are not available for the time being). By regions, the performance was better than expected in all areas with the exception of Spain, and the US, to a lesser extent.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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