Earnings Call Summary | MAPFRE SA(MPFRF.US) Q4 2023 Earnings Conference
Earnings Call Summary | MAPFRE SA(MPFRF.US) Q4 2023 Earnings Conference
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%.The following is a summary of the Mapfre, S.A. (MPFRF) Q4 2023 Earnings Call Transcript:
以下是 Mapfre, S.A. (MPFRF) 2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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報告了令人印象深刻的收入增長，保費略低於270億歐元（增長近10％），總收入超過320億歐元（增長約9％）。
該公司在本財政年度結束時淨收入爲7.67億歐元，增長了19％以上，其中不包括7500萬歐元的減記。
合併比率提高至97％，仍高於目標，這引起了一些擔憂，而股本回報率（ROE）在9％的目標範圍內。
股息增至0.09歐元，爲五年來的最高水平，使每股分紅總額達到0.15歐元，是歐洲領先保險公司中股息收益率最高的國家之一，爲7.7％。
Mapfre在人壽和普通保險以及再保險和大型商業業務方面經歷了增長，爲多元化的利潤池做出了貢獻。
儘管全球事件造成了一些重大損失，但淨業績仍達到6.92億歐元，在拉丁美洲和伊比利亞表現強勁。
Business Progress:
業務進展：
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正在實施一項新的戰略計劃，旨在提高可持續性、利潤和投資回報率。該計劃將引入多項業務改進，包括調整費率和納入氣候變化風險。
儘管巴西和墨西哥等市場有顯著改善跡象，但預計2024年固定收益的經常性收益率將增長。
Mapfre正在持續進行數字化轉型，數字客戶數量同比顯著增長了25％，目前總數爲240萬。
他們預計，由於旨在抵消不斷增加的索賠的費率調整，汽車保險板塊將有所改善。
該公司在美國實現了顯著增長，自年初以來分別將關稅和非消費者保費提高了30％和18％。
它旨在通過觀察股息匯回情況、減少損益波動的影響以及擴大其投資組合來保持財務靈活性。
該公司的資產管理處於領先地位，養老基金同比增長了12％以上，共同基金增長了近20％，這表明了強勁的運營業績。
More details: MAPFRE SA IR
更多詳情： MAPFRE SA IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。