Mapfre Q1 profits climb 13.5%
Spanish insurer Mapfre has posted post-tax profits of €310.1m (£279.2m) for the first quarter of 2011 – a 13.5% increase on the figure for 2010.
The insurer, which attributed the result to a "sustained growth" in international business, also reported €5.1bn GWP (2010: €4.9bn) and dividends of 10.3c per share (2010: 9.3c).
The direct insurance
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