Mapfre reports 2012 revenues up 7.5%
Spanish insurer and reinsurer Mapfre has reported an increase of revenues for the year ended 31 December 2012, attributing the growth to its Brazilian and USA businesses.
Premiums increased by 10.1% on last year to reach €21.6bn.
The firm's after tax result was, however, sharply down on last year, falling 31% to €666m from 2011's figure of €963m.
Mapfre attributed the
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