Earnings Call Summary | MAPFRE SA(MPFRF.US) Q4 2023 Earnings Conference
Earnings Call Summary | MAPFRE SA(MPFRF.US) Q4 2023 Earnings Conference
The following is a summary of the Mapfre, S.A. (MPFRF) Q4 2023 Earnings Call Transcript:
以下是 Mapfre, S.A. (MPFRF) 2023年第四季度财报电话会议记录摘要:
Financial Performance:
财务业绩:
Mapfre reported an impressive revenue increase, with premiums just under €27 billion (up nearly 10%) and total revenues over €32 billion (up around 9%).
The company ended the financial year with a net income of €767 million, marking more than a 19% increase, excluding a €75 million write-down.
The improved combined ratio to 97% is still above the target, causing some concern, while the Return on Equity (ROE) is within the target at 9%.
Dividends increased to €0.09, their highest in five years, leading to a total of €0.15 per share, offering one of the highest dividend yields amongst leading European insurers at 7.7%.
Mapfre experienced growth in Life and General insurance, as well as reinsurance and large commercial businesses, contributing to a diversified profit pool.
Despite some big losses due to global events, the net result touched €692 million with strong performances in Latin America and Iberia.
Mapfre报告了令人印象深刻的收入增长,保费略低于270亿欧元(增长近10%),总收入超过320亿欧元(增长约9%)。
该公司在本财政年度结束时净收入为7.67亿欧元,增长了19%以上,其中不包括7500万欧元的减记。
合并比率提高至97%,仍高于目标,这引起了一些担忧,而股本回报率(ROE)在9%的目标范围内。
股息增至0.09欧元,为五年来的最高水平,使每股分红总额达到0.15欧元,是欧洲领先保险公司中股息收益率最高的国家之一,为7.7%。
Mapfre在人寿和普通保险以及再保险和大型商业业务方面经历了增长,为多元化的利润池做出了贡献。
尽管全球事件造成了一些重大损失,但净业绩仍达到6.92亿欧元,在拉丁美洲和伊比利亚表现强劲。
Business Progress:
业务进展:
Mapfre is implementing a new strategic plan aimed at increasing sustainability, profit, and ROE. This plan will introduce several operational improvements including tariff adjustments and incorporation of climate change risks.
The growth in recurrent yield in fixed incomes for 2024 is expected, though there are points to be improved significantly in markets such as Brazil and Mexico.
Mapfre is continuously transforming digitally, with a significant 25% increase in digital clients over the year, now totaling 2.4 million.
They anticipate improvements in the Motor Insurance segment due to tariff adjustments aimed at counteracting increasing claims.
The company experienced significant growth in U.S., increasing tariffs and non-consumer premiums by 30% and 18% respectively from beginning of the year.
It aims to remain financially flexible by observing the repatriation of dividends, reducing the impact of volatility in the P&L, and expanding its investment portfolio.
The company is ahead in its asset management, with pension funds up over 12% and mutual funds nearly 20% over the year, indicating strong operational performance.
Mapfre正在实施一项新的战略计划,旨在提高可持续性、利润和投资回报率。该计划将引入多项业务改进,包括调整费率和纳入气候变化风险。
尽管巴西和墨西哥等市场有显著改善迹象,但预计2024年固定收益的经常性收益率将增长。
Mapfre正在持续进行数字化转型,数字客户数量同比显著增长了25%,目前总数为240万。
他们预计,由于旨在抵消不断增加的索赔的费率调整,汽车保险板块将有所改善。
该公司在美国实现了显著增长,自年初以来分别将关税和非消费者保费提高了30%和18%。
它旨在通过观察股息汇回情况、减少损益波动的影响以及扩大其投资组合来保持财务灵活性。
该公司的资产管理处于领先地位,养老基金同比增长了12%以上,共同基金增长了近20%,这表明了强劲的运营业绩。
More details: MAPFRE SA IR
更多详情: MAPFRE SA IR
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