The president of Mapfre, Antonio Huertas, has informed the shareholders gathered at the Ordinary General Meeting held in Madrid, an ambitious strategic plan that includes the elevation of the profitability objectives on its own funds (ROE) and the reduction of the combined ratio for the 2025 and 2026 years.
New profitability and efficiency objectives
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ROE: Mapfre has set a new ROE goal between the 11% and 12%increasing at one point the previous established range.
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Combined ratio: The company seeks to reduce the combined ratio at a point, placing it between the 94% and 95%.
The previous strategic plan, for the 2024-2026 period, had as its goal between 10% and 11% and a ratio combined between 96% and 95%. In the first year of this plan, under the International Accounting Standards IFRS, the ROE reached the 11,1% And the combined ratio closed in 93%.
Antonio Huertas has expressed his commitment to meet these new objectives, ensuring that the company will do everything possible to achieve them.
Execution of the strategic plan and growth perspectives
Huertas stressed that the strategic plan is based on four pillars and seven lines of business, and so far has been a success. MAPFRE will continue to strengthen its business lines, with solid growth plans in car insurance in the main countries and the expansion of the business insurance business model in Latin America.
In addition, measures have been approved to optimize technical processes and technological development, including an investment of approximately 225 million euros In the next three years. The company will also seek new alliances to boost innovation and address challenges such as population aging.
DANA IMPACT AND BUSINESS PERSPECTIVES
In relation to the Dana of the end of October, which caused significant damage, orchards has mentioned that the impact for Mapfre will be «content», since the insurance compensation consortium is assuming most costs. The company has provided support to those affected through its offices and technical centers.
As for the business prospects in Spain by 2025, Huertas has indicated a recovery in the car sector and has expressed the intention of betting on growth, focusing on customer management and digital transformation.
Business Business Evolution and Board Agreements
In relation to the business in United States, Huertas has highlighted reasonable growth and excellent resultsdespite economic uncertainties. The company remains optimistic about its ability to grow profitably in this market.
The Mapfre Shareholders Board has approved various agreements, including the distribution of dividends and the re -election of members of the Board of Directors. Statutory and remuneration reforms have been proposed for the 2025-2028 period.
Commitment to future dividend and growth
Huertas has affirmed that Mapfre’s intention is to improve the dividend as the benefits increase. The company has maintained a growing dividend in recent years, with the intention of continuing to increase it depending on the results, maintaining the ‘pay out’ in at least 50% of the benefit.
In summary, Mapfre has set ambitious goals for the coming years, focused on profitability, operational efficiency and sustainable growth, demonstrating its commitment to shareholders and clients.