Post by account_disabled on Feb 20, 2024 4:48:08 GMT -5
Accumulating a revaluation of 7.3%. Of course, that is not all, because he has stressed that this figure is in line with that of the stoxx insurance 600 (the index that groups the insurance sector), whose revaluation has been 8.7%), and that, be careful , has been “slightly lower” than that of the ibex 35, because it has been mainly due to two values (one is inditex ), despite the fact that that of the spanish selective has risen 22.7%. A difference of 15.4% between the revaluation of mapfre and the ibex does not seem like a small thing. The punishment of the price on t Country Email List his ash wednesday by investors is surprising, although income, premiums and results have increased, and debt has decreased. Even the announcement of a complementary dividend of 0.09 euros has not been awarded, raising the total dividend to 0.15 euros. This will mean a disbursement of 462 million euros, compared to 447 million the previous year, and will be one more example of the "Unalterable commitment to the more than 200,000 shareholders ," said huertas, who said that in the last five years they have distributed 5,100 million among the shareholders (among which fundación mapfre stands out , which controls 67.723% of the capital). Mata has referred to the double regulations when reporting results: according to ifrs 17&9 and according to the insurance accounting principles of each country.
In the first, premiums are no longer considered an accounting magnitude, but rather the income from the insurance service is chosen, and assets and liabilities are collected at market value. “I like the local one better, because the other one is more similar to the solvency one, but both have good things and some stakeholders are interested in one and others in another.” mapfre is not thinking about inorganic growth, although it is always active in case opportunities arise, and they want more banking alliances (in spain it has them with banco santander and bankinter) mapfre is not thinking about inorganic growth, although it is always active in case opportunities arise, and wants more banking alliances like the ones they have in brazil, malta, the dominican republic and spain (here with banco santander and bankinter , that is, the two related to the botín family ). At the shareholders' meeting that is expected to be held on march 15, it will update its strategic plan; and starting next april 1, josé miguel alcolea cantos will be the general secretary, general director of the corporate legal affairs area and secretary of the board of directors, replacing ángel dávila bermejo , who is retiring after 32 years at the insurance company. Regarding the amnesty, huertas has not gotten wet, he has limited himself to saying.
That "This is not the time to talk about it, but to ask for tranquility, serenity and dialogue , there are extremes that are not good to approach." likewise, he added that “ legal security is fundamental” and also “ stable frameworks to generate investment.” by the way, in case anyone from podemita or sumar is interested: the insurer has paid 400 million in corporate tax , which represents an effective rate of 23.5%.With the insurance company chaired by antonio huertas , we began the second round of presentations of results referring to the end of the 2023 financial year of our ibex 35 companies. In the first, it has become very clear to us that financial entities, at least the largest ones, have “done very well” with the successive increases in interest rates , which seem to have sprinkled them with the “manna” of historic results. . But what about the insurers? The economic situation is not the best, geopolitics is bad and the climate situation is going through a cycle that is not good either. And this seems to me to be not the best scenario for a global insurer like mapfre . But let's go to the specific data, since the company begins by indicating that, despite negative impacts on the account of 159 million euros (m€), due to the earthquake in turkey and the effects of hurricane otis in mexico , together with the greater frequency of some atmospheric events in europe with a net impact €115m higher than the previous year. Likewise, the result and hyperinflation in south american areas and turkey, which represent a negative impact of €47m. In addition, the result also includes -€75m due to impairment of goodwill in the us and an income of €46.5m due to the dispute with bankia , and thus the net result has risen to €692m, which represents 7.7% higher year-on-year, and has maintained a 9% roe , not negligible, but it seems slightly fair to me with the growing risk in the sector.