Aankondiging • Jan 22
MAPFRE Middlesea p.l.c., Annual General Meeting, Apr 30, 2026 MAPFRE Middlesea p.l.c., Annual General Meeting, Apr 30, 2026. Aankondiging • Dec 20
Mapfre Middlesea P.L.C. Announces Resignation of Jose Maria Del Pozo as A Director and Member of the Audit Committee, Effective from 1 January 2026 MAPFRE Middlesea plc announced that Mr. Jose Maria del Pozo shall be retiring from employment with the MAPFRE Group and hence has resigned from his position as a Director of the Company and Member of the Company's Audit Committee. The said resignation shall take effect as from 1 January 2026. Aankondiging • Oct 20
Malta Financial Services Authority Approves the Appointment of Javier Moreno as Director of MAPFRE Middlesea p.l.c Further to MAPFRE Middlesea p.l.c. Announcement MMS379 dated 30 April 2025 referring inter alia to the appointment of Mr. Javier Moreno as a Director to the Board of Directors of the Company, announces that regulatory approval from the Malta Financial Services Authority has been obtained as of 13 October 2025 for the said appointment of Mr. Moreno as Director. Aankondiging • Feb 24
MAPFRE Middlesea p.l.c., Annual General Meeting, Apr 30, 2025 MAPFRE Middlesea p.l.c., Annual General Meeting, Apr 30, 2025. Reported Earnings • Aug 03
First half 2024 earnings released: EPS: €0.066 (vs €0.051 in 1H 2023) First half 2024 results: EPS: €0.066 (up from €0.051 in 1H 2023). Revenue: €72.6m (up 7.8% from 1H 2023). Net income: €6.03m (up 30% from 1H 2023). Profit margin: 8.3% (up from 6.9% in 1H 2023). The increase in margin was driven by higher revenue. New Risk • Jul 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.9% Last year net profit margin: 27% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (94% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.9% net profit margin). New Risk • Mar 31
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.2% Last year net profit margin: 30% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.2% net profit margin). Reported Earnings • Mar 31
Full year 2023 earnings released Full year 2023 results: Revenue: €137.2m (up 373% from FY 2022). Net income: €11.3m (up 29% from FY 2022). Profit margin: 8.2% (down from 30% in FY 2022). The decrease in margin was driven by higher expenses. Declared Dividend • Mar 28
Dividend increased to €0.073 Dividend of €0.073 is 34% higher than last year. Ex-date: 9th May 2024 Payment date: 24th May 2024 Dividend yield will be 5.3%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.45, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 11x in the Insurance industry in Europe. Total loss to shareholders of 30% over the past three years. New Risk • Feb 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to €1.50, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 11x in the Insurance industry in Europe. Total loss to shareholders of 35% over the past three years. Board Change • Dec 09
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Godfrey Swain was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €1.25, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 12x in the Insurance industry in Europe. Total loss to shareholders of 33% over the past three years. Board Change • Jul 14
High number of new directors Independent Non Executive Director Gordon Cordina was the last director to join the board, commencing their role in 2022. Board Change • Jun 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non Executive Director Gordon Cordina was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • May 10
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non Executive Director Gordon Cordina was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 02
Upcoming dividend of €0.055 per share at 3.3% yield Eligible shareholders must have bought the stock before 09 May 2023. Payment date: 23 May 2023. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Maltese dividend payers (5.1%). Lower than average of industry peers (5.0%). Board Change • Apr 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non Executive Director Gordon Cordina was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 06
Full year 2022 earnings released Full year 2022 results: Revenue: €29.6m (down 94% from FY 2021). Net income: €8.79m (up 15% from FY 2021). Profit margin: 30% (up from 1.6% in FY 2021). The increase in margin was driven by lower expenses. Board Change • Mar 09
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director John Cassar White was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 03
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director John Cassar White was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 09
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director John Cassar White was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director John Cassar White was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 26
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director John Cassar White was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 04
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director John Cassar White was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 28
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Non Executive Director Deo Scerri was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Jun 28
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Non Executive Director Deo Scerri was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • May 13
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director John Cassar White was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 03
Upcoming dividend of €0.03 per share Eligible shareholders must have bought the stock before 10 May 2022. Payment date: 24 May 2022. Trailing yield: 2.6%. Lower than top quartile of Maltese dividend payers (5.6%). Lower than average of industry peers (5.2%). Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director John Cassar White was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 17
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director John Cassar White was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director John Cassar White was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 15% share price gain to €2.20, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 12x in the Insurance industry in Europe. Total returns to shareholders of 23% over the past three years. Upcoming Dividend • May 04
Upcoming dividend of €0.035 per share Eligible shareholders must have bought the stock before 11 May 2021. Payment date: 25 May 2021. Trailing yield: 2.2%. Lower than top quartile of Maltese dividend payers (4.8%). Lower than average of industry peers (4.7%). Reported Earnings • Mar 27
Full year 2020 earnings released: EPS €0.099 (vs €0.10 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: €23.5m (down 96% from FY 2019). Net income: €9.12m (down 5.3% from FY 2019). Profit margin: 39% (up from 1.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improved over the past week After last week's 16% share price gain to €2.46, the stock is trading at a trailing P/E ratio of 23.5x, up from the previous P/E ratio of 20.2x. This compares to an average P/E of 12x in the Insurance industry in Europe. Total returns to shareholders over the past three years are 56%.