Mapfre Insular is 75% owned by Corporacion Mapfre of Span and 25% by Insular Life Assurance Co. Ltd., of the Philippines.
The controlling shareholder of MIIC, Corporacion Mapfre, is a member of Sistema Mapfre, the largest insurance conglomerate in Spain with revenues of over €10 billion (about US$13 billion) and assets of over €20 billion (about US$26 billion) in 2004. It has over 3,000 branches in Spain and other countries with over 18,000 employees and 45,000 agents worldwide. Sistema Mapfre is engaged in life and general insurance, reinsurance, banking and finance, property development, and other related services in Spain and 36 other countries. Corporacion Mapfre is currently rated AA by Standard and Poors.
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