The following is a Company Announcement issued by MAPFRE Middlesea p.l.c., pursuant to the Listing Rules of the Malta Financial Services Authority.
The Board of Directors of MAPFRE Middlesea p.l.c. hereby announces that during the third quarter of 2015 premiums and revenues continue registering volumes beyond forecasts buoyed by the recent acquired portfolios and low yields offered by alternative investments in the market. Financial markets saw a sharp downturn during the quarter resulting in a subdued performance by the Group’s investment portfolios compared to the comparative quarter of 2014.
The statutory solvency position of MAPFRE Middlesea p.l.c., remains strong and well in excess of the regulatory requirements.
No other material events and/or transactions have been noted from the date of the last Company Announcement.
By Order of the Board