Mapfre's profits rise 11.5% to 924 million euros by September

Mapfre reported a net profit of 924 million euros for the first nine months of the year, marking an 11.5% year-on-year increase. The growth was driven by strong performance in both Life and Non-Life segments, with total premiums rising to 22.8 billion euros, a 2% increase. In the Iberian Peninsula, profits surged by 19% to 413 million euros, with Portugal showing significant growth of 13.6%. The Non-Life segment saw a global revenue increase of 0.7%, supported by positive results in Health and Accidents, while General Insurance experienced a decline of 2.4%.