MAPFRE sees written premiums surge in first half

In one area premiums rose by 51.9%

MAPFRE sees written premiums surge in first half

Insurance News

By Ryan Smith

Global insurer MAPFRE saw total written premiums grow by 6.2% in the first half of the year, the company has announced. Its reinsurance arm, MAPFRE RE, saw premiums grow by more than 11%.

In Spain, MAPFRE posted a year-over-year written premium increase of 6.9%, surpassing €4.2 billion (about SG$6.73 billion). In its Latin America North region, written premium spiked by 51.9%, hitting nearly €1.35 billion. However, North America posted a drop of 8.1%.

Region/business unit

Written Premiums (approximate)(in euros)

June 2020

June 2021



3.98 billion

4.25 billion


LatAm North

886.6 million

1.347 billion


LatAm South

726.8 million

756 million



1.612 billion

1.596 billion


North America

1.116 billion

1.025 billion



775.8 million

737.7 million



MAPFRE is the largest Spanish insurer in the world, the top multinational insurance company in Latin America, and the sixth-largest non-life insurer in Europe by premium volume.

The company has 19 offices across the world, employs 34,000 people and services 29 million clients.

Last year, MAPFRE posted net earnings of €526.5 billion, with group revenues of €25.42 billion and a combined ratio improvement of nearly 3% to 94.8% despite the impact of the COVID-19 pandemic.

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