MAPFRE GROUP MAPFRE RE MAY 2012 MAPFRE GROUP 2 Current - - PowerPoint PPT Presentation

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MAPFRE GROUP MAPFRE RE MAY 2012 MAPFRE GROUP 2 Current - - PowerPoint PPT Presentation

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MAPFRE GROUP MAPFRE RE MAY 2012 MAPFRE GROUP 2 Current Organisational Chart MAPFRE S.A. GENERAL SECRETARIAT INTERNAL AUDIT FINANCE AREA INVESTMENTS RESOURCES & PROCUREMENTS TECHNOLOGIES &

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MAY 2012

MAPFRE GROUP – MAPFRE RE

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2

MAPFRE GROUP

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3

Current Organisational Chart

MAPFRE S.A.

DIRECT INSURANCE SPAIN INTERNATIONAL DIRECT INSURANCE GLOBAL BUSINESSES

MAPFRE FAMILIAR MAPFRE VIDA MAPFRE EMPRESAS MAPFRE AMÉRICA MAPFRE INTERNACIONAL MAPFRE RE MAPFRE ASISTENCIA MAPFRE GLOBAL RISKS

  • GENERAL SECRETARIAT
  • INTERNAL AUDIT
  • FINANCE AREA
  • INVESTMENTS
  • RESOURCES &

PROCUREMENTS

  • TECHNOLOGIES &

PROCEDURES

91,5% 100% 100% 88,9% 100% 100% 100% 100%

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* 2005-2011 NIIF; 1986 – 2004 PGC

Year Million € Employees Revenues Results before taxes 2011 23,530 1,637 34.390 2010 20,471 1,431 36,744 2009 18,830 1,446 35,225 2008 17,711 1,383 34,603 2007 15,207 1,366 30,600 2006 13,583 1,156 28,091 2005 12,189 872 24,967 2004 10,831 739 19,920 2003 9,473 606 18,605 2001 8,933 316 16,756 1998 4,546 178 15,219 1995 3,249 203 11,292 1992 2,419 37 9,028 1989 1,214 49 5,369 1986 434 20 2,823

MAPFRE GROUP - Historical Evolution 1986-2011*

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MAPFRE GROUP’s International Network

Honduras

Direct Insurance Reinsurance Assistance

Canada USA Turkey Mexico Paraguay Uruguay Chile Peru Argentina El Salvador Colombia Venezuela Guatemala Ecuador Costa Rica Panama Dominican Republic Puerto Rico Nicaragua Philippines Russia Egypt Jordan Bahrain India China UK Brazil Dubai Algeria Tunisia Portugal Ireland France Belgium Italy Libya Spain

Global Risks

Germany Luxembourg Hungary Greece Malta

46 Countries

Japan Taiwan Australia

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MAPFRE RE

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MAPFRE RE’s Evolution

1982 Constitution of MAPFRE RE, SPAIN 1984 Opening of the Representative Office in MEXICO 1986 Opening of the Representative Office in MANILA 1988 Constitution of MAPLUX RE, LUXEMBOURG Opening of the Representative Office in MILAN Opening of the Representative Office in CARACAS Acquisition of CAJA REASEGURADORA, CHILE 1989 Acquisition of CIAR, BELGIUM 1990 Opening of the Representative Office in BUENOS AIRES 1991 Opening of the Representative Office in LISBON Acquisition of REASEGURADORA HEMISFERICA, COLOMBIA Opening of the Representative Office in LONDON 1993 Opening of the Representative Office in ATHENS 1994 Conversion of the LONDON Representative Office into Branch Office 1995 Incorporation of ITSEMAP 1996 Opening of the Representative Offices in LIMA and SAO PAULO 1997 New Branch Office in BRUSSELS 2000 Creation of MAPFRE REINSURANCE CORPORATION (MRC) in NEW JERSEY, USA 2004 New Branch Office of MRC in TORONTO, CANADA 2005 MAPFRE RE accredited in NEW YORK, USA 2006 New Branch Office in MUNICH 2007 Transfer of MRC Toronto Branch to MAPFRE RE 2008 Constitution of MAPFRE RE do BRAZIL (local reinsurer) Reinsurance representative within MAPFRE SA Rep. office in BEIJING. 2011 New Branch Office in Paris (Life & Personal Lines)

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Manila (Philippines) Beijing (China) Rep. in MAPFRE S.A.

  • New Jersey (USA)

Toronto (Canada). Branch Office Munich (Germany). Branch Office Milan (Italy) London (UK). Branch Office Lisbon (Portugal) Brussels (Belgium). Branch Office Athens (Greece) Madrid (Spain). Head Office

  • Asia

USA / Canada

  • São Paulo (Brazil)
  • Santiago (Chile)
  • Mexico D.F. (Mexico)
  • Caracas (Venezuela)
  • Bogota (Colombia)
  • Buenos Aires (Argentina)
  • Latin America

Europe

GEOGRAPHICAL NETWORK

MAPFRE RE – International Presence

Paris (France). Branch Office (Life & Personal Lines) – 2011

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MAPFRE RE’s Shareholders

Data as at 31.12.2011

Company % MAPFRE S.A. (Spain) 91.5% Ecclesiastical Insurance (UK) 3.8% Societá Cattolica di Assicurazione (Italy) 2.2% Vaudoise Assurances Holding (Switzerland) 1.2% Shelter Mutual Insurance Co. (USA) 1.0% MAAF Assurances (France) 0.3%

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Rating MAPFRE RE

Agency Rating Standard & Poor’s (1) A -

  • A. M. Best (2)

A

(1) Outlook Negative: Rating updated on 30th April 2012. (2) Outlook: Rating updated on 14th December 2011. Outlook under review with negative implications.

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Evolution of Accounted Gross Premium

Figures in € millions

+18% +31% +11.4% +11.1% +7.5% +15.5% +15.5% +10.9%

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MAPFRE RE Consolidated 2004 2005 2006 2007 2008 2009 2010 2011  2011 s/ 2010 Gross Written Premium 1,132.6 1,337.4 1,437.7 1,601.2 1,778.6 2,053.7 2,371.6 2,630.7 +10.9% Net Premium Earned 624.1 835.4 877.6 1,005.5 1,137.8 1,311.2 1,479.9 1,749.0 +18.2% Net Incurred Losses

  • 381.8
  • 563.6
  • 514.3
  • 619.4
  • 741.6
  • 843.9
  • 987.5
  • 1,258.9

+27.5% Net Commissions and Expenses

  • 214.7
  • 268.8
  • 302.3
  • 318.4
  • 346.5
  • 388.4
  • 422.2
  • 497.1

+17.7% Net Technical Result 27.5 3.0 61.0 67.7 49.7 78.9 70.3

  • 7.3
  • 110.0%

Financial Income 34.6 51.4 54.7 64.0 97.9 80.0 103.2 115.0 +11.4% Result before taxes 62.1 54.4 115.7 131.7 147.6 158.9 173.4 107.7

  • 38.0%

Net Result (after taxes) 41.1 32.3 77.2 87.8 103.6 112.6 124.1 78.6

  • 37.0%

Figures in € millions

P&L Account Information

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Balance Sheet Information

Figures in € millions

2003 2005 2007 2008 2009 2010 2011 ∆ 2011 s/ 2010

Investments 973.2 1,713.1 2,004.1 2,173.2 2,487.5 2,685.8 2,905.5 +8.2 % Total Assets 1,429.6 2,545.2 2,879.9 3,130.7 3,476.0 4,087.9 4,363.5 +6.7 % Shareholders’ Funds 325.6 622.7 725.2 742.8 839.7 848.4 847.7

  • 0.1%

R.O.E. 8.9% 5.3% 12.8% 14.1% 14.0% 14.4% 9.3%

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Evolution R.O.E. MAPFRE RE

MAPFRE RE has consistently produced positive results. A Capital Increase has never been required to cover losses. They have been used to finance the company's development.

0,0% 2,5% 5,0% 7,5% 10,0% 12,5% 15,0% 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

SG IFRS

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15 Spain & Portugal 6% Rest of Europe 47% Latin America 24% AAA 15% USA & Canada 8% Spain & Portugal 36% Rest of Europe 5% Latin America 54% AAA 0% USA & Canada 5%

Gross Premiums by Geographic Area

UNDERWRITING YEAR 2012

36,3% 63,7%

MAPFRE NON GROUP

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XL 14,5% Facultative 11,3% Proportional 74,2% Proportional 70,0% XL 20,5% Facultative 9,5%

Year 2003 Year 2012

Distribution of Premium by Type of Business

(TOTAL PORTFOLIO)

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Distribution of Premium by Line of Business

TOTAL PORTFOLIO (by Underwriting Year) YEAR 2012 YEAR 2003

Property 55,2% CAT 13,2% Agricultural 2,7% Motor / TPL 6,7% Bonds & Credit 6,4% M.A.T. 6,2% Assistance 0,9% Life, Accident, Health 8,9% Property 32,9% CAT 19,6% Agricultural 7,1% Motor / TPL 7,7% Bonds & Credit 6,0% M.A.T. 5,7% Assistance 1,4% Life, Accident, Health 19,7%