Strong first half results make the deal strong
The acquisition was announced alongside MAPFRE’s first half 2026 results, which the insurer said gave it confidence to pursue the deal. MAPFRE reported a net profit of €624 million for the six months ended June 30, up 9.4% from a year earlier, while premiums stood at more than €16.1 billion. The group’s non-life combined ratio increased to 92.8% from 93.1%, supported by disciplined underwriting, lower catastrophe losses and strong investment returns. Return on equity reached 12.5%, while shareholders’ equity increased to approximately €9.6 billion.
