Insurance Post

Mapfre grows pre-tax H1 profits 5%

mapfre

Spanish insurance group Mapfre has seen its pre-tax profits climb in spite of a contraction in its home market.

The group reported total pre-tax profits of €866.5m for the first half of the year, up 5.2% from €823.8m in the first six months of 2012.

The group's combined ratio for the six month period was 95.1%.

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