MAPFRE Middlesea plc has reported a stronger financial performance for the six months ending 30th June 2025, with notable improvements across its core business lines.

The publicly listed company offers all types of non-life insurance in Malta such as motor, home, health, marine and general liability. It also provides group life insurance to corporate clients.

In its half yearly financial statements, the group registered a profit before tax of €14.24 million, up from €12.18 million during the same period last year. Profit attributable to shareholders also rose to €6.97 million, compared to €6.03 million in 2024.

The company reported strong growth in written premiums. General business premiums grew by 10.8 per cent to reach €61.2 million. Meanwhile, long-term business premiums saw a 2.9 per cent increase, rising to €117.3 million compared to last year’s €114 million.

Total assets increased to €2.46 billion in the first half of the year, compared to €2.45 billion recorded until 31st December 2024. Total equity attributable to shareholders was €98.67 million, up from the €96.35 million recorded until December 2024, translating to €1.07 per share.

In line with company policy, no interim dividend was declared. The board noted that while results are encouraging and "meeting set targets", the company will remain prudent in light of ongoing market uncertainties and long-term commitments to policyholders.

MAPFRE Middlesea plc is a leading insurance provider in Malta, part of the global MAPFRE Group. It continues to focus on sustainable growth, customer-centric service, and disciplined risk ma