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Mapfre Will Raise the Prices of Its Insurances in Mexico From 2q 2026 by Tax Change

Summary by El Economista
The insurance company Mapfre will adjust the rates to its clients in Mexico in the renewals of insurances from the second trimester of 2026, this derived from the tax change that will no longer allow to accredit the VAT in the payment of claims, announced the general director of Mapfre, Antonio Huertas.In conference with analysts, during the presentation of the financial results of the Spanish insurer from the fourth trimester of 2025, the direc…
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Mapfre anticipates an increase in the insurance premiums it offers in Mexico, as a result of the fiscal adjustment included in the Federation Income Law (LIF) 2026, which prevents insurers from accrediting and deducting the Value Added Tax (VAT).In the call to analysts on the occasion of its outcome conference of 2025, Antonio Huertas Mejías, president and CEO of the insurance group, explained that the company faces effects in Latin America, par…

The insurance company Mapfre will adjust the rates to its clients in Mexico in the renewals of insurances from the second trimester of 2026, this derived from the tax change that will no longer allow to accredit the VAT in the payment of claims, announced the general director of Mapfre, Antonio Huertas.In conference with analysts, during the presentation of the financial results of the Spanish insurer from the fourth trimester of 2025, the direc…

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El Economista broke the news in on Thursday, February 12, 2026.
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