Mapfre profits jump 45% but combined ratio deteriorates as Covid continues to bite

10-02-2022

Mapfre profits jump 45% but combined ratio deteriorates as Covid continues to bite

Spain-based global re/insurer Mapfre reported revenue and premium growth overall in the financial year 2021, with good performance of the reinsurance business and solid results in the Iberia and North America regional areas, but its combined ratio fared less well due to the influx of claims related to COVID-19.


Mapfre, Report, Growth, Combined Ratio, COVID-19, Claims, Insurance, Reinsurance, Spain, Europe, Global

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