...MILAN (S&P Global Ratings) Sept. 28, 2017--S&P Global Ratings said today that its ratings and outlook on Spanish insurance group Mapfre (financial strength rating of core entities: A/Stable/--) remain unchanged following the group's announcement, on Sept. 25, 2017, of the negative impact of earthquakes in Mexico and hurricanes in the U.S., Puerto Rico, and the Dominican Republic. According to Mapfre's preliminary estimates, the combined impact of these natural disasters will likely reduce its consolidated annual group share net income by about 150 million-200 million. We believe that this loss, which represents about 20% of our forecast net income for full-year 2017 for Mapfre and about 2% of the group's consolidated shareholder's equity, will not materially impact Mapfre's financial profile. This nonrecurring loss comes against a backdrop of improving financial performance for the Mapfre group, which has posted 9% year-on-year growth in group share net income in the first half of 2017...
