Mapfre Panama closed the second quarter of 2025 with a net profit of $5.7 million.
Mapfre Panama closed the second quarter of 2025 with net written premiums of $133.8 million, positioning the company as the third-largest company in the Panamanian insurance market, with a 13.42% market share as of June 2025. By segment, the auto segment leads in volume with more than 69,000 clients.
Source: El Capital Financiero
Business profitability was one of the highlights of the period, with an after-tax profit of $5.7 million, representing a 92% increase compared to the second quarter of 2024.
This favorable performance is due to strict technical and operational management of its most profitable business lines.
In terms of operating efficiency, Mapfre managed to maintain a combined non-life net ratio of 95.1%. Furthermore, return on equity (ROE) stood at 11.3%, an indicator that demonstrates the company's financial strength and ability to generate sustainable value for its shareholders.
The lines of business that drove the positive performance in the portfolio were surety, auto, and group life, all of which showed growth compared to the previous year. This dynamic reflects both a recovery in demand for corporate insurance and greater penetration in the mass segment.
By segment, the auto line leads in volume with more than 69,000 clients, followed by health (47,000), life (25,000), home (15,000), and business (7,000). These data consolidate Mapfre as a comprehensive and diversified player, capable of serving both individuals and organizations.
During 2024, the company had closed with total premiums of $260.5 million and $8 million in profits, figures that set the stage for a 2025 with conservative but sustained expectations.
Currently, the insurer in Panama serves more than 243,000 clients through a network of more than 800 brokers, nine offices distributed throughout the country, and an internal structure comprised of 375 employees. This is complemented by a network of more than 1,000 providers, which allows for agile and personalized responses in each line of business.