Mapfre SA: (03.2022) Information on the solvency ratio

Madrid, March 10, 2022

SPANISH SECURITIES AND EXCHANGES COMMISSION

OTHER RELEVANT INFORMATION

In accordance with the provisions in force, please find attached the relevant information for shareholders and the general public.

Ángel L. Dávila Bermejo General Counsel

MAPFRE’S SOLVENCY RATIO STANDS AT 206.3 PERCENT AT CLOSING

THE FOURTH QUARTER OF THE YEAR

It improves significantly compared to the end of 2020 and remains within the target range

MAPFRE has informed the General Directorate of Insurance and Pension Funds of an update of its solvency situation as of December 31, 2021. The figures for the current and previous quarters are detailed below for comparison purposes:

31/12/2020

03/31/2021

06/30/2021

09/30/2021

31/12/2021

Solvency capital requirement

4,622

4,695

4,772

4,777

4,508

(RCS)

Own funds eligible to cover the

8,917

9,436

9,281

9,255

9,302

SCR

Solvency ratio (SCR coverage)

192.9%

201.0%

194.5%

193.8%

206.3%

Figures in millions of euros

The Solvency II ratio of the MAPFRE group stood at 206.3% in December 2021, compared to 192.9% at the end of December 2020, including transitional measures. This ratio would be 195.2% without the effect of these measures.

Eligible own funds reached 9.3 billion euros on this date, of which 87% are of high quality (Tier 1).

The ratio remains very stable and solid, supported by strong diversification and strict investment and ALM policies. The reduction in the Solvency Capital Requirement (SCR) as of December 31, 2021 includes the impact of the exit from Bankia Vida.

The Solvency position remains within the tolerance range established by the Group (target solvency ratio of 200% with a tolerance range of 25 points).

Madrid, March 10, 2022.

Sallie R. Loera