During 2019, MAPFRE Malta, comprising of MAPFRE Middlesea and MAPFRE MSV Life, registered a profit before tax of €20.1 million, 8.2% higher when compared to the previous year. After tax, the Group generated a profit of €15.5 million, 10.5% higher than the previous year. The total assets of the Group increased by 12.8% and totalled €2.62 billion. These results were announced by MAPFRE Middlesea Chairman Martin Galea during the Group’s 39th Annual General Meeting, which was streamed live on the company’s website on the 27th October.
