Mapfre has revised its annual targets, forecasting its return on equity (ROE) to surpass 13% by 2026 and setting a combined ratio target between 93% and 94%.

Both targets are subject to adjustment if inflation rises significantly.

The company’s board has authorised a dividend payout of €0.18 gross per share for 2025 results, the largest in the company’s history.

Of this sum, €0.07 was distributed in November last year, with the remaining €0.11 due in May.

This will see a total of €554m paid in cash to more than 150,000 shareholders.

Other financial, strategic and sustainability objectives remain unchanged.

The group reported ongoing changes to its operations, including the introduction of a refreshed brand identity aimed at reflecting changes within the company over the past decade.

On the technology front, Mapfre has accelerated the use of its REEF platform, which is now active in several Latin American markets and parts of Spain.

The company’s Artificial Intelligence Centre completed more than 150 projects in 2025, with around a third involving generative AI.

There have also been improvements to data quality in 28 countries through the Atenea platform, with digital business increasing by 14.6% over the previous year.

Mapfre continues to focus on financial planning services as a core part of its business strategy.

In Iberia, savings-investment products accounted for inflows of €3.2bn last year.

This growth is supported by alliances with partners including Abante and networks of intermediaries.

Workforce development initiatives were also highlighted at the company’s Annual General Meeting.

Employees with disabilities now represent 4.2% of staff, while women hold more than a third of management roles.

Shareholders also confirmed the re-election of directors Antonio Huertas, Pilar Perales and Ángeles Santamaría.

Mapfre group executive chairman Antonio Huertas said the performance reflects “the strength of our business model, the strict technical discipline we are applying in all markets, and the strength deriving from our geographic and product diversification.” 

Commenting on the Middle East conflict, Huertas added: “We have great confidence in our ability to be resilient in the face of extreme tensions, but the evolution of inflation, interest rates, and the sufficient availability of energy and raw material supplies will set the economic tone for the year, and this will depend on the duration and intensity of the war in the Middle East.”