Mapfre Has Now Become A Solid Income Idea

2025-05-23 10:30:00 ET

Summary

• Mapfre, S.A. has restored profitability, delivering strong 2024 results and is on track for higher EPS in 2025.
• The Q1 2025 trading update showed robust premium growth, improved combined ratios, and strong profit contributions across regions.
• MPFRF offers an attractive, growing dividend yield near 5%, with a sustainable payout ratio and rising tangible book value.
• Given continued strong performance, I plan to add to my small long position in MPFRF stock on any share price weakness.

Introduction

Mapfre, S.A. ( MPFRF , MPFRY ) is a Spanish insurance and reinsurance company and has been working hard on restoring its profitability. The efforts are paying off, as the company generated 29 cents per share in earnings last year, and appears to be on track to generate 35 cents per share in 2025. As the company’s Q1 trading update confirmed the robust performance, I wanted to have another look at Mapfre to see if I should sell my position or add to it. ...

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