Mapfre, S.A. (MPFRF) Q2 2024 Earnings Call Transcript

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Mapfre, S.A. (OTCPK:MPFRF) Q2 2024 Earnings Conference Call July 26, 2024 5:30 AM ET

Company Participants

Fernando Mata Verdejo – Group Chief Financial Officer
José Luis Jiménez – Deputy Chief Financial Officer
Felipe Navarro – Deputy General Manager of Finance
Leandra Clark – Head Investor Relations

Conference Call Participants

Operator

Good morning and welcome to MAPFRE’s Activity Presentation for the First Half of 2024. This is Leandra Clark, Head of Investor Relations, and we want to thank you all for being here with us today. It is a pleasure to have here with us Fernando Mata, Vice Chairman and Group CFO; José Luis Jiménez, Deputy CFO; as well as Felipe Navarro, Deputy General Manager in the Finance Area.

As a reminder, we report the IFRS financial information twice a year, and we reported the half-year results to the CMV this morning. The information in this activity update is prepared under the accounting policies applicable in each country, unless stated otherwise. At the end of the presentation, we will go through the main IFRS KPIs. You can use the ask a question link at any point during the call, and we will open up the question-and-answer session at the end of the presentation.

Let me turn the call over to Fernando. The floor is yours.

Fernando Mata Verdejo

Thank you, Leandra. Good morning, everyone. Thank you all for being here with us. The figures we released this morning confirmed the strong trends that we saw in the first quarter, which have gained momentum supported by our profitable growth strategy. We are growing strong in almost all markets and continue working to correct imbalances with visible improvements, especially in underperforming businesses. We are leveraging our proven business model with high levels of diversification as we continue growing in the most profitable segments.

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