Mapfre’s strategic objectives for the next three years is to increase revenue to over €30,000 million, chairman and CEO Antonio Huertas said during the insurance company’s annual general meeting.

The AGM also approved a proposal to distribute a total dividend of €0.13 per share, which represents an 18 per cent increase on the sum paid out against the results for 2012.

Mapfre, which is currently active in 47 countries, including Malta where it is a majority shareholder in Middlesea Insurance, is determined to consolidate its leadership position in those regions where it is already a key player, and to push forward with its development in the North American, European and Asian markets, which will become strategic areas for the coming years.

In 2013 Mapfre increased its attributable earnings by 18.7 per cent to €790.5 million. Its revenue exceeded €25,889 million, up 2.3 per cent on the figure for 2012.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.