Mapfre Q1 profit hit by inflation & Turkey quake but CEO remains ‘optimistic’

28-04-2023

Mapfre Q1 profit hit by inflation & Turkey quake but CEO remains ‘optimistic’

Spain-based global re/insurer Mapfre saw a 17% decline in its net results with its reinsurance unit, Mapfre Re, down nearly 9% in the first quarter 2023, mainly driven by losses from the Turkish earthquake but also large claims in the auto line of business.


Mapfre. Q1 results, Inflation, Loss, Turkish earthquake, Antonio Huertas, Premiums, Financial results, Insurance, Reinsurance, Spain, Global

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