Mapfre Middlesea p.l.c. – Interim financial statement

The company announced that based on a review of the consolidated results as at the 30 September 2016, it is envisaging a net profit attributable to shareholders for the financial year ending 31 December 2016, to reduce when compared to that achieved in the previous financial year.

This is as a result that there will not be a repetition of the reinsurance cost saving adjustment carried in the financial statement of MSV Life plc in 2015 and due to the deteriorations in technical performance of the motor class business.

The solvency position of Mapfre Middlesea plc remains above the regulatory requirements. 

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