MADRID, 29 Nov. (EUROPA PRESS) -

Mapfre has closed the first nine months of this year with a solvency II ratio of 198.1%, compared to 197.3% last June, 198.1% in March of this year and 201.2% December 2022, as reported this Wednesday by the company to the National Securities Market Commission (CNMV).

The insurer has communicated to the General Directorate of Insurance and Pension Funds the quarterly recalculation of its solvency position following the recommendation of the insurance supervisor based on good practices for internationally active insurance groups.

The solvency II ratio of the Mapfre group stood at 198.1% at the end of September 2023, compared to 197.3% in the first half of the year, including transitional measures (excluding the effects of said measures it would be 189.7%, compared to 188.8% in June).

Eligible own funds reached 9,436 million euros during the same period, of which 83% are high quality funds (Level 1).

This ratio "maintains great solidity and stability, supported by high diversification and strict investment and asset and liability management policies," the company has 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.