Mapfre has informed the General Directorate for Insurance and Pension Funds of an update
of the calculation of its Solvency II position as on March 31, 2021. Following a request from the Spanish supervisor, the SCR will continue to be calculated quarterly as a result of the COVID-19 crisis.
The results are detailed below, along with the results calculated at the close of 2020 for comparison purposes:
| 31/12/2020 | 31/03/2021 | |
| Solvency Capital Requirement (SCR) | 4,622 | 4,695 |
| Eligible own funds to cover the SCR | 8,917 | 9,436 |
| Solvency ratio (SCR coverage) | 192.9 % | 201.0 % |
| Figures in millions of euros |
The Solvency II ratio reflects an improvement in eligible own funds as a result of a positive development of financial variables, in an environment recovering from the crisis associated with COVID-19. The ratio remains very close to 200 percent, the midpoint of the tolerance range established by the company of +/- 25 points.