Spanish insurer Mapfre (MAP.MC), opens new tab said on Friday its first-half net profit jumped thanks to fewer and more benign natural disasters and a turnaround in its car insurance business in the United States.
Mapfre said its net profit rose 65% to 494 million euros ($536 million), up from 300 million euros in the same period a year ago, under new IFRS accounting rules.
According to local accounting rules, net profit rose 46% to 462 million euros.
Source: REUTER
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