(Antonio Huertas, Executive Chairman, Mapfre. Source: Mapfre.)
Mapfre (Madrid) has raised the financial targets of its Strategic Plan for 2026 following record earnings in 2025.
At the company’s annual general meeting, shareholders approved a €0.18 per share dividend, the largest in the insurer’s history. The payment totals €554 million distributed to shareholders.
The company reported net earnings exceeding €1 billion for the first time in 2025 and gross profit of more than €2.4 billion.
“The strength of our business model, the strict technical discipline we’re applying in all markets and the diversification of our operations are reflected in these results,” says Antonio Huertas, Executive Chairman, Mapfre.
Mapfre now expects return on equity to exceed 13 percent in 2026 and set a combined ratio target of 93 percent–94 percent for the final year of its 2024–2026 strategic plan.
Huertas notes that economic uncertainty, including geopolitical tensions and inflation trends, could influence performance expectations.
“Today we reinforce our commitments from the rigor and robustness of our strategic plan while recognizing the responsibility required to move forward in a world marked by uncertainty and volatility,” Huertas says.
Progress in Technology Modernization
The insurer also highlighted progress in its technology modernization efforts, including deployment of the REEF technology platform across several Latin American markets and expansion of the Atenea data platform. The company’s artificial intelligence center developed more than 150 use cases in 2025, about one-third involving generative AI.
Mapfre reported that digital business increased 14.6 percent year over year.
The company also expanded its financial planning offerings in 2025, reporting €3.2 billion in savings and investment inflows in its Iberia business.
Mapfre says it met all commitments under its Sustainability Plan for 2024–2026. The insurer reported a 24 percent reduction in operational carbon emissions and said 93 percent of its investments are rated in line with environmental, social and governance criteria.
Re-Election of Huertas and Santamaría
Shareholders also approved the reelection of Antonio Huertas, Pilar Perales and Ángeles Santamaría to the board of directors.
Mapfre operates in more than 40 countries and employs more than 30,000 people worldwide. The company reported revenue of nearly €34.5 billion and net earnings of €1.079 billion in 2025.