The MAPFRE Group

Data

1. Income Statement	2004 (PCEA)	2004 (IFRS)	2005 (IFRS)	2006 (IFRS)
Total revenues	10,577	10,756	12,189	13,234
Written and accepted premiums	8,919	8,912	10,110	10,933
- Non-life	6,713	6,736	7,801	8,452
- Life	2,206	2,176	2,309	2,481
Result of the Non-life business	634	702	684	920
Result of the Life business	105	127	128	171
Result of hte Other Business Activities	0	19	60	65
Result before tax	739	847	872	1,156
Result after tax and minority interests	366	405	458	610
Third party funds managed in Life assurance	16,233	17,564	19,585	20,536

2. Management Ratios	2004 (PCEA)	2004 (IFRS)	2005 (IFRS)	2006 (IFRS)
Non-life
Loss ratio, net or reinsurance	70.9%	70.2%	73.5%	69.0%
Expense ratio, net of reinsurance	20.6%	21.8%	22.1%	24.9%
Combined ratio, net of reinsurance	91.5%	92.0%	95.6%	93.9%
Life
Net operating expenses/ Reserves (MAPFRE VIDA)	1.2%	0.9%	0.9%	0.9%

3. Balance Sheet	2004 (PCEA)	2004 (IFRS)	2005 (IFRS)	2006 (IFRS)
REAL ESTATE, INVESTMENTS AND CASH	20,105	22,601	25,409	26,617
Real estate (including property for own use)	1,206	1,201	1,365	1,588
Equities and mutual funds	1,402	1,526	1,713	2,333
Fixed income	15,229	16,576	19,835	20,169
Other investments	876	1,843	1,071	1,105
Cash	1,392	1,454	1,425	1,422
TECHNICAL RESERVES	19,156	20,257	23,317	24,027
Unearned premium reserves	2,952	2,937	3,541	3,854
Life assurance reserves	11,923	13,318	14,741	14,826
Claims reserves	3,393	3,384	4,425	4,733
Other reserves and Unit-Linked	888	618	610	614
EQUITY	3,130	3,696	4,467	5,054
Shareholders´ capital and reserves	1,711	2,061	3,535	4,026
Minority interests	1,419	1,635	932	1,028
TOTAL ASSETS	24,693	27,698	32,167	33,718