The data for the first quarter reaffirms the Group’s financial strength
The ratio remains highly solid and stable, backed by high diversification and strict investment and ALM policies.
Eligible own funds reached over 10.7 billion euros as of March 31, 2026, of which 84.5% are Tier 1.
The figures communicated by Mapfre to the General Directorate for Insurance and Pension Funds, as well as previous figures for comparison purposes, are shown below:
The company considers the solvency situation very comfortable, as the ratio is above the midpoint of the range of 175%–225% established by the Board of Directors.
Mapfre publishes its 2025 Solvency and Financial Condition Report (SFCR)
The publication of the SFCR 1 report is required by Law 20/2015 of July 14 on the planning, monitoring and solvency of insurance and reinsurance companies, and offers information in both quantitative and qualitative terms, regarding the Company’s solvency condition and its risk management system.
The Group’s solvency ratio reached 20 5.3% as of December 31, 202 5, within the tolerance range established by Mapfre S.A., and eligible own funds reached almost 10.6 billion euros.
Th e Solvency Capital Requirement (SCR) is calculated in accordance with the methodology established in the Solvency II regulation, applying the standard formula for all risks except for the sub -risk of longevity in Mapfre Vida in Spain, which is calculated with a partial internal model. Displayed below is the composition of Mapfre Group’s SCR:
Mapfre Group analyzes the sensitivity of the solvency ratio in relation to certain macroeconomic variables. The results as of December 31, 2025, are presented below:
As t he Solvency II Directive allows, some Group companies have applied matching and/or volatility adjustments. The matching adjustment has a 1 percentage point positive impact on the ratio, while the volatility adjustment has a positive impact of 0.5 percentage points. If these adjustments had not been applied, the solvency ratio as of December 31, 2025, would stand at 203.8%.
