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- The international business and the recovery in sales in Spain, especially in the Motor and Life Assurance lines, drive the growth in revenues

- The net result of the insurance business grows 5.3%

- Equity has increased 673.5 million euros in the six first months of the year

MAPFRE achieved in the first half of the year a net attributable result of 500.2 euros million, 5.7% less than in the same period of the previous year, as the extraordinary results obtained in 2009 by the Group¿s parent holding company were not repeated.
However, the net result of the insurance business grew 5.3%, despite the impact of Chile¿s earthquake, the effect of which on the Group's accounts amounts to 96.6 euros million, and the high loss experience as a result of the severe weather in Spain,
Portugal and in the USA.

Revenues (10,967.3 million euros) exceeded 9.2% those from the first half of the previous year. Direct insurance and accepted reinsurance premiums amounted to 9,114.5 euros
million, a 9.6% rise. Moreover, the Group's equity increased over 673 million euros in the six first months of the year.

Business development in Spain:

In Spain, total premiums from Direct Insurance and Accepted Reinsurance amounted to 4,354.5 million euros, an increase of 4.2%, versus a decline of the sector of 5.2%.

- Premiums at MAPFRE FAMILIAR have exceeded 2,347 million euros. Excluding the Health business from the civil servants¿ mutual purchasing associations, which was deliberately cancelled in 2010, premiums have increased 1.7%; the growth of
the Motor insurance (+0.8% compared to the 1% decline of the sector) and Home insurance (+5.1%) should be underscored.

- Life Assurance premiums have increased 21.7% to 1,610.6 million euros, while technical reserves grew 1.8%, to 15,984.3 million euros. Mutual funds have performed
positively (+10.1%), and pension funds under management have risen 4.9%.

- Premiums from Commercial Insurance, including Global Risks, reached 885.4 million euros, a figure 1.7% higher than that recorded in 2009.

Business development abroad:

The international business, which represents 55.2% of the Group's total premiums, has grown 17.4%, reaching 5,365.2 million euros.

- Premiums at MAPFRE AMÉRICA have exceeded 2,449 million euros, a 20.8% rise compared to the first half of 2009, with noteworthy growth in Brazil and Colombia.

- Premiums at MAPFRE INTERNACIONAL reached 960.1 million euros, an 8.9% increase, thanks to the improvement in results in the USA and Turkey and to the consolidation of FINIBANCO VIDA (Portugal).

- Premiums at MAPFRE GLOBAL RISKS have increased 7.9%, to 488.5 million euros, reflecting the strong growth of the Property, Third Party Liability and Aviation lines.

- Accepted premiums at MAPFRE RE have exceeded 1,253 million euros, an increase of 23.1%.

- The revenues (premiums and income from the sale of services) of the Assistance business have grown 11.3% to 284.6 million euros.

The MAPFRE Group, with a presence in over 40 countries, maintains its leadership position in the Spanish insurance market and, since 2005, is the leading Non-life insurer in Latin America. Moreover, in 2009, MAPFRE was sixth among Europe¿s top
Non-life insurance companies by premiums volume, according to the ranking recently published by FUNDACIÓN MAPFRE.