Mapfre Middlesea plc - Interim Directors’ Statement

Thursday, October 22nd, 2015

On 22 October, Mapfre Middlesea plc issued its Interim Directors’ Statement updating the market on its performance since the publication of its interim results as at 30 June 2015.

The Board of Directors explained that during the third quarter of 2015, premiums and revenues continued to exceed the Group’s forecasts on the back of the recently acquired portfolios. On the other hand, the Group’s investment portfolios registered subdued performances compared to the corresponding period last year, as a result of the sharp downturn that financial markets went through in the same quarter.

The announcement also explained that the statutory solvency position of the Group remains strong and well in excess of the regulatory requirements.

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