Global insurer Mapfre has raised the ambition of its 2026 strategic plan, raising its ROE target to above 13% and setting a combined ratio target of between 93% and 94%.
Mapfre’s annual shareholder meeting approved its accounts for the 2025 financial year, a record year for the company, with group net profit exceeding €1 billion for the first time and gross profit exceeding €2.4 billion. Mapfre Re achieved record results of 381 million euros, a year-on-year increase of 17.2%.
Antonio Huertas, executive chairman of Mapfre Group, said the strong results reflected “the strength of our business model, the rigorous technical discipline we apply across all markets, and the advantages derived from our geographic and product diversification.”
At the Annual General Meeting, the Board of Directors approved the largest dividend in the Group’s history, totaling €0.18 per share compared to the 2025 results. In total, Mapfre will distribute €554 million in cash to more than 150,000 shareholders.
Huertas said the compensation “is consistent with the company’s strong commitment to its shareholders and its ability to continue to generate cash.”
Huertas also commented on the ongoing conflict in the Middle East, calling it one of the greatest uncertainties facing the global economy: “We are confident in our resilience in the face of extreme tensions, but the evolution of inflation, interest rates and the adequacy of energy and raw material supplies will determine the economic tone this year, which will depend on the duration and intensity of the wars in the Middle East.”
“Today, we reinforced our commitment through the rigor and robustness of our strategic plan, which continues to guide us every step of the way, while also recognizing the responsibility and caution required to move forward in a world of great uncertainty and volatility,” he affirmed.
During the meeting, Mapfre highlighted several developments in its ongoing transformation and modernization process, including the launch of a new global brand identity.
The company is also supporting its digital transformation by accelerating the deployment of its REEF technology platform, which is already fully or partially operational in strategic locations in several Latin American countries and Spain. In addition, its artificial intelligence center has developed more than 150 use cases by 2025, a third of which are based on generative artificial intelligence. This is complemented by the expansion of the Atenea data platform, improvements in data quality across 28 countries and continued growth in digital operations.
The Annual General Meeting also approved the re-election of Board Directors Antonio Huertas, Pilar Perales and Ángeles Santamaría.
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