MADRID, 5 Sep. (EUROPA PRESS) -
Mapfre has closed the first semester with a solvency II ratio of 197.3%, compared to 198.1% in March of this year and 201.2% in December 2022, as reported by the group to the Commission on Tuesday National Stock Market (CNMV).
The insurer has communicated to the General Directorate of Insurance and Pension Funds (DGSFP) the quarterly recalculation of its solvency position in accordance with the requirement of the European Central Bank (ECB) within the framework of financial stability and following the recommendation of the insurance supervisor.
The solvency ratio II of the Mapfre group stood at 197.3% at the end of June 2023, compared to 198.1% in the first quarter, including temporary measures (excluding the effects of said measures it would be 188.8%, compared to 189.5% in March).
Eligible own funds reached 9,355 million euros during the same period, of which 83% are high-quality funds (Level 1).
This ratio "maintains great strength and stability, supported by high diversification and strict investment and asset and liability management policies", the company highlighted.
The solvency position remains within the tolerance threshold set by Mapfre, which corresponds to a target of 200% with a tolerance of 25 percentage points.