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Mapfre intends to expand into new US and Latin American territory in 2013 as it outlines plans to grow globally after positive 2012 results.
Mapfre has reported EUR 665.7m profit in 2012 and EUR 25.3bn of revenue, up from EUR 23.5bn in 2011.
The results make Mapfre one of the six largest companies in Spain by turnover. The insurer says the increase is thanks to its international reach and business diversification.
Mapfre's balance sheet of EUR 56.98bn saw an increase in equity of EUR 750m.
Shareholders will receive a dividend of EUR 0.11 per...