Mapfre’s premiums increase by more than 12%
Posted On: Oct. 31, 2022 9:20 AM CST![Mapfre](https://bicontent.businessinsurance.com/58eaa72b-058c-4f34-9b6f-4d2731dc41c0.jpg)
Spanish insurer Mapfre SA’s total premiums increased by more than 12% year-on-year to €18.65 ($18.6 billion) billion in the first nine months of the year, La Republica reported. The insurer’s net income, however, dropped by almost 7% to €488 million. Mapfre’s Latin American operations accounted for 38% of the insurer’s total profits.