MAPFRE

Mapfre has signed a definitive agreement to acquire Safety Insurance for about $1.54 billion. Safety shareholders will receive $105 per share, representing a 44% premium to the current share price. The deal is expected to close in the first quarter of 2027 and is subject to customary closing conditions and regulatory approvals, including approval from the Massachusetts insurance regulator and the Hart-Scott-Rodino waiting period. After the merger, Safety will continue to operate as a wholly owned subsidiary of Mapfre U.S.A. Corp. under its established brand. » Mere på de.investing.com

Mapfre reports a Q1 2026 net profit of €311m (+12.7%), while premium income fell 2.2% to €8.4bn as management prioritized profitability over volume. The combined ratio in non-life improved to 93.2%, supported by better loss ratios in most regions; the reinsurance segment and the business in Brazil showed particularly strong growth. The Solvency II ratio was 205.3% and assets under management rose to €67.5bn, while debt increased due to time-limited refinancings. Management plans to invest in digital capabilities and AI and views the strategic realignment as a foundation for sustainable growth, but highlights currency and weather risks. » Mere på de.investing.com

Mapfre reports an attributable group profit of €1,079m for 2025 (+19.6%) and record premiums of €29,145m (+3.6%), with total revenue of over €34.5bn (+4%). Profitability improved markedly (Non-Life Combined Ratio 92.2%; ROE 12.4% or 13.3% excluding one-off effects) and the balance sheet remained robust. The company announces the highest dividend in its history of €0.18 per share (€554m; dividend yield 4.6%). Mapfre also highlights regional strength, a conservative asset allocation, and progress on sustainability, digitalization and M&A options. » Mere på de.investing.com