Previous close | 2.1820 |
Open | 2.2020 |
Bid | 2.2520 x 0 |
Ask | 2.2600 x 0 |
Day's range | 2.1720 - 2.2600 |
52-week range | 1.8350 - 2.3860 |
Volume | |
Avg. volume | 2,263,012 |
Market cap | 6.929B |
Beta (5Y monthly) | 0.73 |
PE ratio (TTM) | 10.27 |
EPS (TTM) | 0.2200 |
Earnings date | 26 Jul 2024 |
Forward dividend & yield | 0.18 (8.29%) |
Ex-dividend date | 22 May 2024 |
1y target est | 1.99 |
Mapfre said its net profit rose 65% to 494 million euros ($536 million), up from 300 million euros in the same period a year ago, under new IFRS accounting rules. According to local accounting rules, net profit rose 46% to 462 million euros. Mapfre shares were up 1.6% in late morning trading, while the blue-chip IBEX35 index was down 0.1%.
Spanish insurer Mapfre fell short of analyst estimates with a 20% jump in net profit last year after car and weather-related claims cost more than expected, sending its shares down more than 5%. The country's second-largest insurer by premiums posted a net profit of 677 million euros ($725 million) under new accounting standards. Excluding a 75 million euro writedown related to its U.S. car insurance business, net profit was 767 million euros.
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