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Spanish insurer Mapfre earns 9% thanks to Spain and Brazil

Spanish insurer Mapfre posted a net profit of 415 million euros (about 483 million dollars) in the first six months of the year, 9.1% more than in the same period of 2016 By the positive evolution of the business in Spain and Brazil, as well as the reinsurance activity.

Madrid, July 26 (EFE) .- Spanish insurer Mapfre obtained a net profit of 415 million euros (about 483 million dollars) in the first six months of the year, 9.1% more than in The same period of 2016 as the positive performance of the business in Spain and Brazil, as well as reinsurance activity.

As reported today the company to the National Commission of (CNMV, regulatory body), revenues amounted to 15,438 million euros (17,985 million dollars), an increase of 5.4%, which strengthens the growth trend of the In terms of premiums, they reached 13,073 million euros ($ 15,230 million), an increase of 8.2%, due to the "excellent behavior" of Spain, Portugal and the north.

Of Latin America.

It was also due to the global risk business and the impact of the revaluation of certain currencies, such as the Brazilian real.

In presenting the accounts Fernando Mata, highlighted that this is "one of the best semesters in Mapfre's history", confirming that "the Profitable growth "launched by the insurer" works ".

Also today, the risk measurement agency Fitch has raised the company's outlook from stable to Positive.

"The results are positive and you can see the fruits of the work done" in both Spain and Italy, Turkey or Colombia, according to Mata.

In Brazil, 13.9% to EUR 2,383 million and in Latam Norte, 73.4% to EUR 1,195 million.

In Southern Latam, they rose by 2.4% to 895 million euros North America, 2.3% to 1.347 million euros.

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