ACTIVITY UPDATE REPORT TO MARCH 31, 2023*
- Revenue is up 21% and stands at over €9.1 billion
- The net result reached €128 million (-17%) due to the impact of the earthquake in Turkey, with an estimated net cost of €77 million, as well as the complex Auto environment.
- IBERIA grew above the market, both in Non-Life and Life, with 31% premium growth, supported by the Life Savings business, and continues to be the region with the highest volume in the Group.
- LATAM, where net results took off to €94 million, is the main contributor to earnings.
- Improved Life result (+95%) and Non-Life financial result (+20%), in a better market context.
- The reinsurance unit grew 7% and global risks 11%.
- MAPFRE will pay the final dividend against 2022 results on May 24th.
