Mapfre, a global insurance company, has raised the ambitions of its Strategic Plan for 2026, lifting its ROE target to above 13% and setting its combined ratio target between 93% and 94%.
Mapfre’s Annual General Meeting approved the accounts for the 2025 financial year, a record year for the company, with the group reporting net earnings in excess of €1 billion for the first time and gross profit of more than €2.4 billion. Mapfre Re delivered a record result of €381 million, up 17.2% year on year.
Antonio Huertas, group executive chairman of Mapfre, said the strong performance reflects “the strength of our business model, the strict technical discipline we’re applying in all markets, and the strength deriving from our geographic and product diversification.”
At the Annual General Meeting, the Board approved the largest dividend in the group’s history, amounting to €0.18 gross per share against 2025 results. In total, Mapfre will distribute €554 million entirely in cash among its more than 150,000 shareholders.
Huertas said this remuneration “is consistent with the firm commitment of the company with its shareholders and with its ability to generate cash on a constant basis.”
Huertas also commented on the ongoing Middle East conflict, referring to it as one of the greatest uncertainties facing global economies: “We have great confidence in our ability to be resilient in the face of extreme tensions, but the evolution of inflation, interest rates, and the sufficient availability of energy and raw material supplies will set the economic tone for the year, and this will depend on the duration and intensity of the war in the Middle East.”
He affirmed, “Today we reinforce our commitments from the rigour and robustness of our strategic plan, which continues to guide our every step, while also being aware of the responsibility and prudence required to move forward in a world shrouded in great uncertainty and volatility.”
During the meeting, Mapfre highlighted several advances in its ongoing process of transformation and modernisation, including the launch of its new global brand identity.
The company also underpinned its digital transformation through the accelerated deployment of the REEF technology platform, which is already fully or partially operational in several Latin American countries and in strategic areas in Spain. In addition, its Artificial Intelligence Center developed more than 150 use cases in 2025, one third of which were based on generative AI. This is complemented by the expansion of the Atenea data platform, improvements in data quality across 28 countries, and continued growth in digital business.
The Annual General Meeting also approved the re-election of board directors Antonio Huertas, Pilar Perales, and Ángeles Santamaría.
