Mapfre SA (Mapfre) is a Spain based holding company. The company is principally engaged in the insurance, reinsurance, financial and real estate businesses. Mapfre was formerly known as CORPORACION MAPFRE S.A. The company`s services includes a range of insurance policies, pension funds and pension plans, management of investment funds and other financial operations processing services to individual and businesses. Mapfre operates through a wide network of 430 own branches, 2,628 franchise branches as well as 18,696 agents and associates located across Spain. The company principally operates in Spain, Latin America and Europe. The company is headquartered at Madrid in Spain.The company reported revenues of (Euro) EUR 15,236.01 million during the fiscal year ended December 2008, an increase of 21.23% over 2007. The operating profit of the company was EUR 1,463.73 million during the fiscal year 2008, an increase of 11.87% over 2007. The net profit of the company was EUR 900.69 million during the fiscal year 2008, an increase of 23.20% over 2007.