MAPFRE USA returned to a $56.6 million pre-tax profit in the first half of 2016, compared with a $114 million loss the year earlier, related to the heavy snowstorms that hit the North East of the United States in the previous winter. At the same time, the company generated revenue of $1.42 billion in the U.S. market in the first six months of 2016, driven by its increasingly geographically diversified mix of business. MAPFRE’s insurance business increased premiums by 9 percent in the period.
MAPFRE North America (which also includes Puerto Rico and Canada) recorded premiums of $1.631 billion in
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