Mapfre Sa · BME:MAP
Mapfre Sa — 9M 2024 Earnings Presentation
12 slides from Mapfre Sa's earnings presentation, Oct 29, 2024
Slide 1: Results Presentation 9M 2024
29 October, 2024 FERNANDO MATA THIRD VICE CHAIRMAN AND CFO RESULTS PRESENTATION 9M 2024
Slide 2: 9M 2024 – A good performance supported by a solid business model
9M / 2024 – A GOOD PERFORMANCE SUPPORTED BY A SOLID BUSINESS MODEL IMPROVED TECHNICAL IBERIA, USA, BRAZIL AND PROFITABILITY STRONG GROWTH THE REINSURANCE BUSINESS COMBINED IN THE RESULT <95% RATIO Pillars of profitable growth INCREASE IN VERY POSITIVE ENVIRONMENT +8% INTERIM DIVIDEND SOLIDITY OF A H
Slide 3: 9M 2024 – Key figures
9M / 2024 – KEY FIGURES ATTRIBUTABLE PREMIUMS INCOME EARNINGS 744M +36.3% EXCL. GOODWILL WRITEDOWN IN GERMANY 21,622 25,345 654 +38.9% +4.6% +3.0% NON-LIFE SOLVENCY* ROE COMBINED RATIO RATIO 12% EXCL. GOODWILL WRITEDOWN IN GERMANY 94.8% 196.6% 10.9% -2.0 p.p. 3 Million euros / *Data to June 2024
Slide 4: Results Presentation 9M 2024
29 October, 2024 JOSÉ LUIS JIMÉNEZ DEPUTY CFO RESULTS PRESENTATION 9M 2024
Slide 5: Latest developments at Mapfre
9M / 2024 – LATEST DEVELOPMENTS AT MAPFRE? LIFE IBERIA LATAM Earns €283.4M Result of € 305M SOLID GROWTH Leading contributor to profits (+15.5%) +5.6% and leads Group BRAZIL AND HIGHLY premium growth PROFITABLE Earnings are up by 3.3% +6.2% NON-LIFE AUTO Main focus is on pricing and underwriting NOR
Slide 6: Premiums and revenue
9M / 2024 - REVENUE PREMIUMS AND REVENUE CONSOLIDATED REVENUE €21,622M +4.6% +6.1%* €25,345M +3% 16,991 PRINCIPAL BUSINESSES 6,758 PREMIUMS +5.7%* 4,846 4,829 4,631 3,723 1,806 2,130 2,111 +7.3%* +11%** NON-LIFE LIFE FINANCIAL AND OTHER INCOME GENERAL REINSURANCE AUTO ACCIDENT LIFE LIFE SAVINGS P&C
Slide 7: 9M 2024 – Investments and cash
9M / 2024 – INVESTMENTS AND CASH INVESTMENT PORTFOLIO FIXED INCOME 32,233 €45,406M +3.3% PUBLIC DEBT SPAIN 22,830 9,734 REST OF EUROPE 4,406 UNITED STATES 1,744 FIXED INCOME BRAZIL 2,843 AND OTHER EQUITIES OTHER LATIN AMERICAN COUNTRIES 2,917 83.2% AND FUNDS OTHER MARKETS 1,186 8.1% CORPORATE DEBT 9
Slide 8: Premiums and earnings by business unit
9M / 2024 – PREMIUMS AND EARNINGS BY BUSINESS UNIT MAWDY INSURANCE MAPFRE RE ASSISTANCE €18,113M +3.9% €6,288M +3.5% LATAM 7,159 7,738 PREMIUMS 4,846 3,741 3,997 2,126 1,090 1,442 379 * IBERIA BRAZIL OTHER LATAM EMEA REINSURANCE GLOBAL RISKS ASSISTANCE NORTH AMERICA +6.2% -5.4% +9.1% +3% +8.1% +6.2%
Slide 9: 9M 2024 – Evolution
9M / 2024 - EVOLUTION COMBINED RATIOS 2024 Δ 24/23 ROE (principal markets/units) NON-LIFE RATIO 94.8% -2.0 P.P. Sept. 2024 GENERAL P&C 81.1% -6.0 P.P. AUTO 104.2% -1.7 P.P. IBERIA 13.1% BRAZIL 24.0% ACCIDENT AND HEALTH 99.8% +1.8 P.P. REST OF LATAM 12.6% LIFE PROTECTION RATIO 85.4% +2.6 P.P. MAPFRE
Slide 10: Proven commitment to shareholders
9M / 2024 – INCREASE IN DIVIDEND PROVEN 2024* € 477 M COMMITMENT 2023 € 447 M TO SHAREHOLDERS 2022 € 447 M 6.5 cents per share €477M * ≈6.6 % ** 2021 € 416 M 15.5 cents per share 2024 interim dividend 2024 dividend* Average annual dividend yield 2020 € 416 M *Includes the recently approved interim d
Slide 11: A good performance supported by a solid business model
9M / 2024 – A GOOD PERFORMANCE SUPPORTED BY A SOLID BUSINESS MODEL INCREASE IN PROFITABLE INTERIM DIVIDEND EFFECTIVENESS RECORD COMBINED RATIOS OF THE RESULT IN SUBSIDIARIES Yield for the year STRATEGIC PLAN (9 months) AND UNITS 15.5 cents ≈ 6.6% 11
Slide 12: Results Presentation 9M 2024
29 October, 2024 RESULTS PRESENTATION 9M 2024 https://twitter.com/MAPFRE https://www.linkedin.com/company/mapfre/ https://www.instagram.com/mapfre/