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02-06-2008

MAPFRE'S NET ATTRIBUTABLE RESULT IN 2007 GREW ALMOST 20%, TO 731 MILLION EUROS ($1 BILLION)



THE GROUP'S REVENUES EXCEEDED 15,200 MILLION EUROS ($22 BILLION), A 12% INCREASE

 

- MAPFRE has ended its first year with its new corporate structure, consolidating its position as the leading insurance group in Spain, and in Non-Life lines in Latin America.

 

- Premiums from the insurance business in Spain have increased 9.9%, significantly exceeding the growth of the sector.

 

- The size of its business abroad has increased, with outstanding premiums growth in Direct Insurance (19.6%), Accepted Reinsurance (11.4%) and Assistance (6.2%).

 

- Its international expansion strategy has continued, widening its presence to new markets: USA, Turkey, India, Poland, Egypt and Algeria.

 

- Total assets managed by the Group were nearly 45,000 million euros, a 15% increase over the previous year.

 

- As a consequence of these excellent results, the total dividend is increased by 44%, to 0.13 euros per share.

 

- An agreement was reached with CAJA MADRID to reorganise the strategic alliance, after ten years of solid collaboration, adapting it to the new corporate structure of the Group.

 

- A reorganization of its subsidiaries is being carried out in 2008, with the creation of MAPFRE FAMILIAR S.A, in order to enhance its efficiency and customer focus.


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