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Mapfre

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BofA sees recovery for Spanish insurers in 2024, upgrades Mapfre

BUZZ-BofA sees recovery for Spanish insurers in 2024, upgrades Mapfre ** BofA Global Research expects 2024 to be the year of recovery for Spanish insurers, saying the market shows "excellent opportunities" in the Personal lines P&C space ** The broker says European P&C (property and casualty) markets suffered from the same post-COVID trends, though to varying degrees, adding that while normalisation should come soon for the Nordics and the United Kingdom, Spain "has lots of room to catch up" on
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Mapfre Presents 2024-2026 Strategic Plan With Average Growth Forecast Of 6%

BRIEF-Mapfre Presents 2024-2026 Strategic Plan With Average Growth Forecast Of 6% March 15 (Reuters) - Mapfre SA MAP.MC : PRESENTS STRATEGIC PLAN 2024-2026 WITH AVERAGE GROWTH FORECAST OF 6 PERCENT AND A ROE OF BETWEEN 10 AND 11 PERCENT ESTIMATES AVERAGE COMBINED RATIO OF BETWEEN 95 AND 96 % OVER THREE-YEAR PERIOD EXPECTS TO EXCEED 32 BILLION EUROS
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Spanish stocks - Factors to watch on Feb 26

Spanish stocks - Factors to watch on Feb 26 Feb 26 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: CIE Automotive CIEA.MC CIE Automotive said on Monday its full-year net profit rose 6.7% to 320.2 million euros compared to 300.1 million euros reported a year ago.
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Mapfre shares fall after FY results miss expectations

BUZZ-Mapfre shares fall after FY results miss expectations ** Shares of Mapfre MAP.MC fall 4.5% after the Spanish insurer posted full-year results below analyst expectations ** Spain's second-largest insurance company by premiums reports a net profit of 677 million euros ($725 million) while analysts had expected 730 million, LSEG data showed ** Excluding a 75 million euro writedown related to its U.S.
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Spanish insurer Mapfre slides on profit miss

UPDATE 2-Spanish insurer Mapfre slides on profit miss Adds auto sector detail, dividend By Marta Serafinko and Natalia Siniawski Feb 14 (Reuters) - Spanish insurer Mapfre MAP.MC fell short of analyst estimates with a 20% jump in net profit last year after car and weather-related claims cost more than expected, sending its shares down more than 5%.
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