presentación de powerpoint · 2021. 7. 26. · asistencia earnings by business unit 8 million...
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![Page 1: Presentación de PowerPoint · 2021. 7. 26. · asistencia earnings by business unit 8 million euros / data not consolidated-6.8% -39.8% -54.7% 1.8% -4.6% -39.1% -- -- 85.6% reinsurance](https://reader035.vdocument.in/reader035/viewer/2022071604/613fbd92b44ffa75b8046ba9/html5/thumbnails/1.jpg)
July 26, 2021
Fernando MataCFO and Member of the Board
RESULTS 6M
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Positive progress made in core business
Solid growth in earningsand premiums
01
02
Solvency ratio of 201% (to March 2021)
Financial strength A+ (S&P)
Solvency and a strongbalance sheet
6M 2021. KEY ASPECTS
From June of 2020... To June of 2021...
Falls in premiums and earnings
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HEALTH 59 51
BURIAL 30 15
LIFE PROTECTION 83 152
TRAVEL INSURANCE 23 5
OTHER LINES 14 25
TOTAL INSURANCE 209 247
ACCEPTED REINSURANCE 113 19
TOTAL ACCUMULATED 322 266
COVID-RELATED LOSS EXPERIENCE 3
LINE 2020 6M 2021
We have successfully adapted ourbusiness model to the new reality
Total COVID-19 impact: €588M
IBERIA 39 22
LATAM NORTH 63 73
LATAM SOUTH 32 44
BRAZIL 46 100
NORTH AMERICA 1 1
EURASIA 3 2
TOTAL INSURANCE 186 242
MAPFRE RE 113 19
MAPFRE ASISTENCIA 23 5
TOTAL ACCUMULATED 322 266
GEOGRAPHIC AREASAND BUSINESS UNITS
2020 6M 2021
Figures in million euros
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Million euros / *Variations at constant exchange rates / **Excluding 2020 goodwill writedown / ***Data up to Mach 2021
6M 2021. KEY FIGURES
+6.1%
INGRESOS CONSOLIDADOS
14,083
+11.3*+6.2%
11,663
+34.5%
364
NON-LIFE COMBINED RATIO
95.1%
ROE**
8.9%
SOLVENCY II RATIO
201%***
4
CONSOLIDATED REVENUES PREMIUMS ATTRIBUTABLE EARNINGS
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+6.7% +4.3% +17.4% -8.2%
+9.8%
+11.7%
REVENUES
Million euros / *Variations at constant exchange rates
+11.3%
5
€14,083M +6.1%
€11,663M +6.2%
CONSOLIDATED REVENUES
TOTAL PREMIUMS
CONSOLIDATED REVENUES
MAIN LINES – DIRECT INSURANCE
+20.7% -4.7% +5.3% -4.9% +10.3%
9,347
2,3161,439 982
3,691
2,701
1,129 1,046 984
NON-LIFE LIFE FINANCIAL OTHER INCOME
GENERAL P&C AUTOMOBILE HEALTH & ACCIDENT
LIFE PROTECTION LIFE SAVING
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NET EARNINGS
EARNINGS BREAKDOWN 6
Million euros / *Includes other activities, Holding expenses and hyperinflation adjustments.
512
148-26
-144 -126
364
+15% -34% +35%
ADJUSTED EARNINGS
€392M
6M 2020 6M 2021
Attributable earnings 271 364
Puerto Rico earthquake 61 0
MAPFRE RE COVID-19 claims 57 14
Corporate transactions 15 -42
Voluntary redundancy plan 0 56
Adjusted eaernings 404 392
NON-LIFE LIFE NET RESULTOTHER CONCEPTS* TAXES NON-CONTROLLING INTERESTS
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PREMIUMS BY BUSINESS UNIT 7
Million euros / Data not consolidated
INSURANCE
€9,713M +6.8%
€3,241M +11.4%
ASISTENCIA
€247M
6.9% -1.0% 51.9% 4.0% -8.1% -4.9% 15.6% -26.9%0.1%
REINSURANCE GLOBAL RISKS
IBERIA BRAZIL LATAMSOUTH
EURASIANORTH AMERICALATAMNORTH
REINSURANCE GLOBAL RISKS ASISTENCIA
4,252
1,5961,347
7561,025
738
2,454
787247
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206
3620 28
51
14
69
14 -2
INSURANCE
€355M -17%
83
ASISTENCIA
EARNINGS BY BUSINESS UNIT 8
Million euros / Data not consolidated
-6.8% -39.8% -54.7% 1.8% -4.6% -39.1% -- 85.6%--
REINSURANCE GLOBAL RISKS
IBERIA BRAZIL LATAMSOUTH
EURASIANORTH AMERICALATAMNORTH
REINSURANCE GLOBAL RISKS ASISTENCIA
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GROUP OVERVIEW 9
Million euros / Variations compared to December 2020
TOTAL ASSETS
+2.5%
€8,506M
SHAREHOLDERS’ EQUITY
RESULT FOR THE PERIOD
BALANCE DECEMBER 2020
UNREALIZED GAINS
DIVIDENDS OTHERCURRENCY DIFFERENCES
BALANCE JUNE 2021
DECEMBER 2020 JUNE 2021
69,153
70,871
8,536 8,506
-2120-281-231364
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INVESTMENTS AND CASH 10
Million euros / Variations compared to December 2020. / * Does not include Bankia MAPFRE Vida investments.
EQUITIES AND FUNDS
10%
REAL ESTATE
5%
CASH
5%
FIXED INCOME AND OTHER
80%
Investment portfolio 44,606 -0.6%
Pension funds 6,115 +6.3%
Mutual funds and other 5,076 +12.0%
TOTAL 55,797 +1.1%
€30,411MFIXED INCOME
PUBLIC DEBT 22,440
Spain 12,184
Rest of Europe 4,268
United States 1,426
Brazil 2,253
Latin America – Other 1,750
Other countries 559
CORPORATE DEBT 7,971
ASSETS UNDER MANAGEMENT
INVESTMENT PORTFOLIO*
€44,606M -0.6%
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Tier 2
€1,177M(12%)
CAPITAL AND SOLVENCY 11
€12,966MCAPITALSTRUCTURE
SUBORDINATEDDEBT
SENIORDEBT
8%
SHAREHOLDERS’ EQUITY
76%
BANKDEBT
9%7%
*Datos a marzo 2021
SOLVENCY IIRATIO
201%*
23.7%RATIO
DEBT
Tier 1
€8,259M(88%)
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PREMIUMS€4,252M +6.9%
NET EARNINGS€206M -6.8%
COMBINED RATIO 96.3%
ROE10.5%
IBERIA
PORTUGAL 65 –2.2%
12
Million euros
INSURANCE BUSINESS REGIONAL BREAKDOWN
SPAIN 4,186 +7.0%
PREMIUMS BREAKDOWN
HEALTH & ACCIDENT
LIFE GENERAL P&C AUTOMOBILE
722
1,002
1,2701,115
5.1% 12.9%2.7% 9.3%
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INSURANCE BUSINESS REGIONAL BREAKDOWN
PREMIUMS BREAKDOWN
PREMIUMS€1,596M -1.0%
NET EARNINGS€36M -39.8%
COMBINED RATIO 86.1%
ROE9.9%
BRAZIL
13
Million euros / *Variations in local currency
+15.3%
822
551
222
AUTOMOBILELIFEGENERAL P&C
7.1% -5.0%-9.6%
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INSURANCE BUSINESS REGIONAL BREAKDOWN
PREMIUMS€1,347M +51.9%
NET EARNINGS€20M -54.7%
COMBINED RATIO 93.5%
ROE9.9%
LATAM NORTH
PREMIUMS BREAKDOWN
14
Million euros / *Variations in local currency
933
255159
109%
DOMINICAN REP.CENTRAL AMERICAMEXICO
107.3% -8.9%-2.6%
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243
184140
89
14%
33%
-3%
61%
INSURANCE BUSINESS REGIONAL BREAKDOWN
PREMIUMS€756M +4.0%
NET EARNINGS€28M +1.8%
COMBINED RATIO 92.3%
ROE10.7%
LATAM SOUTH
15
Million euros / *Variations in local currency
PREMIUMS BREAKDOWN
PERU COLOMBIA CHILE ARGENTINA
-4.0% 1.9%23.0% 12.1%
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INSURANCE BUSINESS REGIONAL BREAKDOWN
PREMIUMS€1,025M -8.1%
NET EARNINGS€51M -4.6%
COMBINED RATIO 97.2%
ROE5.3%
NORTH AMERICA
PREMIUMS BREAKDOWN
16
Million euros / *Variations in local currency
-0.6%
778
51
196
-3,3%
-7.5%
829
UNITED STATES
PUERTO RICOOTHER STATESNORTHEAST
-2.7% -10.6%-47.3%
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INSURANCE BUSINESS REGIONAL BREAKDOWN
PREMIUMS BREAKDOWN
EURASIA
17
Million euros / *Variations in local currency
PREMIUMS€738M -4.9%
NET EARNINGS€14M -39.1%
COMBINED RATIO 101.8%
ROE3.1%
223 210
153123
13%
ITALYMALTAGERMANY TURKEY
3.7% -15.7%25.9% -32.2%
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INSURANCE BUSINESS REGIONAL BREAKDOWN
PREMIUMS€3,241M +11.4%
NET EARNINGS€83M +260.1%
COMBINED RATIO 94.8%
ROE4.7%
MAPFRE RE
18
Million euros
PREMIUMS BREAKDOWN
2,454
787
REINSURANCE GLOBAL RISKS
15.6% 0.1%
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FINANCIAL STRENGTHS
SOLVENCY POSITION
201%*
CAPITAL QUALITY
88% Tier 1
COMBINED RATIO
95.1%
CASH
€2,365M
DEBT RATIO
23.7%
FINANCIAL STRENGTH RATING
S&P/Fitch: A+
19
*Q1
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CONCLUSIONS
01
02
03
Profitable Growth▪ Leadership positions in Spain and Latin America
▪ Geographic and business diversification
▪ Contribution from reinsurance and Global Risks
Transformation of the business▪ Focus on digitalization
▪ Improvement in profitability and competitiveness
Great capital strength with low volatility▪ Liquidity, solvency and low debt level
20
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July 26, 2021
Fernando MataCFO and Member of the Board
RESULTS 6M
THANK YOU