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Premiums of Mapfre's Latin American operations up 3.9% in second quarter of 2014


Mapfre S.A.'s Latin American operations registered a 3.9% year-on-year increase in premiums to €2.61 billion ($3.57 billion) in the second quarter of 2014, BNamericas reported.

Premiums in Venezuela rose 13.9% to €265 million ($362.8 million), while Mexico and Brazil recorded an 8.4% and 6.3% growth to €235 million ($321.7 million) and €1.53 billion ($2.09 billion), respectively.

The insurer's profits from its Latin American business rose 35.2% to €269 million ($368.3 million).

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