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International

MAPFRE's net profit declines nearly 10%

May 01, 2018 Reprints

Brazilian insurer MAPFRE Seguros Gerais S.A.'s net profit declined 9.3% year over year to €187 million ($227 million) in the first quarter, Segs.com reported. Revenue fell 7.6% to €7.7 billion, while premiums decreased 7.2% to €6.2 billion. Insurance premiums declined 7.2% to €5.2 billion whereas reinsurance premiums fell 3.4% to €1.1 billion. General insurance premiums amounted to €393 million.

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MAPFRE's net profit declines nearly 10%

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