Mapfre (MAP) AGM 2026 summary

Opening remarks and agenda

• The meeting was held both in-person and via telematic means, with live internet broadcast and high shareholder participation, reaching 84.93% attendance.

• The agenda included approval of 2025 accounts, ratification and re-election of directors, amendment of bylaws, approval of directors' remuneration, authorization for treasury share acquisition, dividend approval, and delegation of powers.

Financial performance review

• Premiums reached EUR 29.1 billion (+3.8%), total revenues EUR 34.5 billion (+4%), and net profit exceeded EUR 1 billion for the first time, up 17% year-on-year.

• Attributable equity rose to EUR 9.4 billion (+5.9%), ROE at 12.4% (13.3% excluding extraordinary adjustments), and solvency ratio at 210.4%.

• Combined ratio improved to 92.2%, the best in the company’s history, with strong technical results across all regions.

• Share price rose over 75% in 2025, with total shareholder return exceeding 80%.

Board and executive committee updates

• Re-election of executive and independent directors, including the ratification of appointments and a commitment to maintain a majority of independent directors.

• Recognition of outgoing and incoming board members for their contributions and strategic roles.