Financial Performance and Targets - Mapfre has revised its annual targets, forecasting a return on equity (ROE) to surpass 13% by 2026 and setting a combined ratio target between 93% and 94% [1] - The company has authorized a dividend payout of €0.18 gross per share for 2025 results, the largest in its history, with €0.07 distributed in November last year and €0.11 due in May [1][2] - A total of €554 million will be paid in cash to more than 150,000 shareholders [2] Operational Developments - Mapfre has introduced a refreshed brand identity to reflect changes over the past decade and has accelerated the use of its REEF platform in several Latin American markets and parts of Spain [2] - The company's Artificial Intelligence Centre completed over 150 projects in 2025, with around a third involving generative AI, and improvements to data quality were made in 28 countries through the Atenea platform [3] - Digital business increased by 14.6% over the previous year, and savings-investment products in Iberia accounted for inflows of €3.2 billion last year [3] Workforce and Governance - Workforce development initiatives were highlighted, with employees with disabilities representing 4.2% of staff and women holding more than a third of management roles [4] - Shareholders confirmed the re-election of directors Antonio Huertas, Pilar Perales, and Ángeles Santamaría [4] Strategic Insights - The executive chairman stated that the performance reflects the strength of the business model, technical discipline, and geographic and product diversification [5] - The company expressed confidence in its resilience amid the Middle East conflict, noting that inflation, interest rates, and the availability of energy and raw materials will influence the economic outlook [5]