Stronger first-half results underpin the deal
The acquisition was announced alongside MAPFRE’s first-half 2026 results, which the insurer said gave it the confidence to pursue the deal. MAPFRE reported net profit of €624 million for the six months ended June 30, up 9.4% from a year earlier, while premiums exceeded €16.1 billion. The group’s non-life combined ratio improved to 92.8% from 93.1%, supported by disciplined underwriting, lower catastrophe losses and stronger investment returns. Return on equity reached 12.5%, while shareholders’ equity rose to nearly €9.6 billion.
