Mapfre has reported net profit of €924m for the first nine months of 2026, up 11.5%, with premiums above €22.8bn, up 2.0%.
The Spanish insurer and reinsurer reported a non-life combined ratio of 93.5%, up 0.9 percentage points, and a return on equity of 12.8%. Equity stood at €9.4bn at 30 September 2026, up 5.4%.
By region, Iberia contributed net profit of €413m, up 19.0%, while Latam reported €303m, down 10.7%. North America posted a record net profit of €112m, up 12.4%. Reinsurance unit Mapfre Re reported net profit of €286m, up 11.8%, with a combined ratio of 95.3%.
The earthquake in Colombia cost the group €83m net, according to the company.
Mapfre also announced an interim dividend of 8.0 euro cents per share, payable on 26 November. The company said its acquisition of Safety Insurance in the US continues on track and is expected to close in the first quarter of 2027.
Antonio Huertas, Group Executive Chairman of Mapfre, said: "These results highlight Mapfre’s strength as we approach the final stage of our Strategic Plan. The continued profitable growth of our business and the increase in the dividend we have just announced reflect our ability to deliver sustained value to both customers and shareholders."
He added: "Additionally, the acquisition of Safety Insurance, which continues on track, will strengthen our presence in the United States and enhance our growth prospects."
Mapfre is a Spanish multinational insurer and reinsurer operating across Iberia, Latin America, and North America, and through Mapfre Re.
The figures cover the nine months to 30 September 2026.
