Mapfre’s Annual General Meeting approved the accounts corresponding to the fiscal year 2025, a historic year for the company in which the Group reported net earnings in excess of 1 billion euros for the first time and a gross profit of more than 2.4 billion. This exceptional performance, as highlighted by the Mapfre group executive chairman, Antonio Huertas, 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.” 

The Board approved the largest dividend in the Group’s history, which amounts to 0.18 euros gross per share against 2025 results, of which 0.07 euros were already paid in November of last year, with the remaining 0.11 euros to be paid in May. In total, Mapfre will distribute 554 million euros entirely in cash among its more than 150,000 shareholders. Huertas emphasized that this remuneration, which represents a payout of 51%, “is consistent with the firm commitment of the company with its shareholders and with its ability to generate cash on a constant basis.” 

A high participation level reflects the soundness of the shareholder involvement policy approved by the Board of Directors and the actions implemented in line with it. 

In his speech, Antonio Huertas referred to the war in the Middle East as the greatest uncertainty 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.” In this context, he announced an update of the financial targets for the last year of the Strategic Plan 2024-2026.  Mapfre expects ROE to exceed 13% in 2026 and set its combined ratio target in a range between 93% and 94%, thereby increasing its ambitions in relation to the initial goals set down, both variables will be conditioned by how inflation performs, which were it to rise substantially, would require modifying the forecasts accordingly. 

All other financial commitments, strategic commitments, and sustainability commitments remain fully in force. “Today we reinforce our commitments from the rigor 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,” affirmed Huertas 

The company also highlighted significant advances in its ongoing process of transformation and modernization. Among them, the launch of its new global brand identity stands out, which reflects the profound evolution of the company during the last decade and projects a more agile, technological, and human image. Mapfre has 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, and through the growth of the Artificial Intelligence Center, which developed more than 150 use cases in 2025, one third of which were based on generative AI. This is complemented by the boost from the Atenea data platform, the improvement in data quality in 28 countries, and digital business growth, which saw a year-on-year increase of 14.6%. 

In parallel, Mapfre has strengthened its position as a benchmark in financial planning, a strategic area for the Group’s future. During 2025, the company notably pushed its proposition based on protection, provision, and wealth, consolidating very significant growth in life savings and investment. As such, and just in IBERIA, the savings-investment business captured last year amounted to 3.2 billion euros. This evolution, combined with the development of networks of expert intermediaries and agreements with partners like Abante, consolidates a comprehensive offering that’s capable of supporting clients in every stage of their financial cycle. 

The company has also improved in its objective of ensuring personnel are adequately prepared to tackle the changes coming down the line, via its Corporate University, facilitating better alignment from a diversity and equal opportunity perspective, as reflected in the fact that people with a disability represent 4.2% of the workforce and women hold more than 35% of management positions. 

Mapfre also made significant progress in terms of sustainability. In 2025, the company made good on 100% of the commitments set down in the Sustainability Plan 2024-2026. It reduced its operational carbon footprint by 24%, achieved having 93% of its investments rated in line with ESG criteria, and consolidated its social commitment with a record of over 10,600 volunteers who participated in nearly 2,500 activities across 26 countries. Additionally, it promoted financial inclusion through the microinsurance ecosystem “A tu lado Mapfre” (Mapfre by your side), already deployed in Brazil and Colombia, which aims to facilitate access to insurance protection for lower-income population segments. 

The Annual General Meeting also approved the re-election of board directors Antonio Huertas, Pilar Perales, and Ángeles Santamaría. 

More information available here