{"id":13795,"date":"2026-04-29T09:26:10","date_gmt":"2026-04-29T09:26:10","guid":{"rendered":"https:\/\/www.europesays.com\/spain\/13795\/"},"modified":"2026-04-29T09:26:10","modified_gmt":"2026-04-29T09:26:10","slug":"mapfre-res-net-result-rises-77-to-e85m-in-q126","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/spain\/13795\/","title":{"rendered":"Mapfre Re\u2019s net result rises 77% to \u20ac85m in Q1\u201926"},"content":{"rendered":"<p>Mapfre Re, the reinsurance and global risks arm of Madrid-based insurer Mapfre, has reported a net result of \u20ac85 million for the first quarter of 2026, up 76.8% compared to the same period a year earlier, with an improved combined ratio of 96.8%.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-191251\" src=\"https:\/\/www.europesays.com\/spain\/wp-content\/uploads\/2026\/04\/1775869525_972_mapfre-re-logo-new-2.png\" alt=\"Mapfre Re\" width=\"360\" height=\"225\"  \/>Mapfre Re attributed the improved results to prudent management and lower impacts from catastrophic events.<\/p>\n<p>From the net result, the Reinsurance segment contributed \u20ac75 million, with a combined ratio of 97.4%, while the Global Risks business delivered \u20ac10.4 million, with a combined ratio of 89.2%.<\/p>\n<p>In Q1\u201926, Mapfre Re\u2019s premiums totalled \u20ac2.2 billion, down 7.9% year-on-year, impacted by currency depreciation\u2014mainly the US dollar\u2014and by the reduction of rates in the reinsurance market.<\/p>\n<p>The Reinsurance business generated \u20ac1.6 billion (-6.0%) in premiums, while Global Risks contributed \u20ac561 million (-13.0%).<\/p>\n<p>The investment portfolio returns continued to support performance, with the Non-Life financial result increasing 85.2%. In addition, \u20ac22.4 million in net gains were realised, compared to \u20ac3.9 million in 2025.<\/p>\n<p>Group wide, Mapfre reported a net result of \u20ac311 million for the quarter, up 12.7% from \u20ac276 million in Q1\u201925, with all regions and business units contributing positively. Total revenue decreased 1.9% to \u20ac9.7 billion from \u20ac9.9 billion.<\/p>\n<p>Premiums reached nearly \u20ac8.4 billion, down 2.2% from almost \u20ac8.6 billion a year earlier, impacted by currency depreciation, particularly the US dollar. At constant exchange rates, premiums were down 0.2%. Mapfre\u2019s Non-Life combined ratio improved to 93.2% (-0.9 p.p.).<\/p>\n<p>Return on equity (ROE) reached 12.9% (13.8% excluding extraordinary items), while shareholders\u2019 equity remained stable at over \u20ac8.9 billion.<\/p>\n<p>Antonio Huertas, Group Executive Chairman of Mapfre, said, \u201cWe have closed an excellent first quarter, confirming that we are on the right path to meet the targets of the Strategic Plan, despite the complex geopolitical context. Profitability continues to improve consistently across the majority of businesses, and we look to the year ahead with prudent optimism, based on the strength of our highly diversified business model.\u201d<\/p>\n<p>                    <a href=\"#\" rel=\"nofollow\" onclick=\"window.print(); return false;\" title=\"Printer Friendly, PDF &amp; Email\"><br \/>\n                    <img decoding=\"async\" class=\"pf-button-img\" src=\"https:\/\/www.europesays.com\/spain\/wp-content\/uploads\/2026\/04\/printfriendly-pdf-button-nobg-md.png\" alt=\"Print Friendly, PDF &amp; Email\" style=\"width: 124px;height: 30px;\"\/><br \/>\n                    <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Mapfre Re, the reinsurance and global risks arm of Madrid-based insurer Mapfre, has reported a net result of&hellip;\n","protected":false},"author":2,"featured_media":744,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[126],"tags":[167,237,901],"class_list":{"0":"post-13795","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mapfre","8":"tag-mapfre","9":"tag-mapfre-re","10":"tag-results-news"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/13795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/comments?post=13795"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/13795\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media\/744"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media?parent=13795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/categories?post=13795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/tags?post=13795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}