Mapfre's net profit rises 15%
Posted On: Feb. 14, 2020 5:02 AM CST
Spain-based insurer Mapfre SA's net profit increased more than 15% year-over-year to €609 million ($661 million) last year, Reuters reports. The insurer said it booked a €131 million charge on its reinsurance business in the fourth quarter because of costs related to protests in Chile and storms in Japan.