MAPFRE'S REVENUES EXCEEDED 10.000 MILLION EUROS IN THE FIRST HALF (A 12.9% INCREASE OVER 2008)
FOR IMMEDIATE RELEASE
COLUMBUS, OH (August 11, 2009) -
NET ATTRIBUTABLE RESULT WAS 530.6 MILLION EUROS
The diversification of the Group's businesses and its prudent and professional management allowed it to slightly increase (0.2%) the net attributable result versus the first half 2008, while the recurrent result grew 5.5% to 492.9 million euros.
The international business contributed 47% of premiums and over 31% of results, and it is the Group's main growth driver.
The Group has reinforced its solvency and financial strength, increasing its equity by 12.4% to 5,508.3 million euros in the first half and reducing its debt by 765 million euros over the last twelve months.MAPFRE is the leading insurer in both Spain and Latin America, the tenth largest non-life insurer in Europe, and employs over 25,000 people world wide. To learn more about the MAPFRE group of companies, visit the MAPFRE web site at www.mapfre.com.
| Contact: | Stephanie Miller
American Commerce Insurance Company
614.308.3207 |