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    <link:label id="lab_mapfre-2020-12-31_OtherOperationsWithTheControllingCompanysShareholdersAndNonControllingInterests_label_es" xlink:label="lab_mapfre-2020-12-31_OtherOperationsWithTheControllingCompanysShareholdersAndNonControllingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other operations with the controlling company's shareholders and non-controlling interests</link:label>
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    <link:label id="lab_mapfre-2020-12-31_ShareInLossesFromEquityAccountedCompaniesOtherActivities_555e6315-ecd7-43c9-a3c8-d765dd573972_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_ShareInLossesFromEquityAccountedCompaniesOtherActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Participación en perdidas de sociedades puestas en equivalencia</link:label>
    <link:label id="lab_mapfre-2020-12-31_ShareInLossesFromEquityAccountedCompaniesOtherActivities_label_es" xlink:label="lab_mapfre-2020-12-31_ShareInLossesFromEquityAccountedCompaniesOtherActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Share in losses from equity-accounted companies - Other activities</link:label>
    <link:label id="lab_mapfre-2020-12-31_ShareInLossesFromEquityAccountedCompaniesOtherActivities_documentation_es" xlink:label="lab_mapfre-2020-12-31_ShareInLossesFromEquityAccountedCompaniesOtherActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de participación de sociedades puestas en equivalencia</link:label>
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    <link:label id="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_664272a4-a06f-4dac-8ad4-15098df48782_terseLabel_es" xlink:label="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Effect of exchange rate changes on cash and cash equivalents</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IntangibleAssetsAndGoodwill" xlink:to="lab_ifrs-full_IntangibleAssetsAndGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EarningsPerShareAbstract_a5b89c8a-d5df-4557-9a4a-d7cf00bdf472_terseLabel_es" xlink:label="lab_ifrs-full_EarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Earnings per share [abstract]</link:label>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_7403a949-d487-4b9b-a505-194ab350fce5_totalLabel_es" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Increase (decrease) in cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:to="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InvestmentProperty_616ae6d0-7826-44b9-aa9a-77c3ddd65eb5_terseLabel_es" xlink:label="lab_ifrs-full_InvestmentProperty" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Investment property</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentProperty" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentProperty"/>
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    <link:label id="lab_ifrs-full_NoncontrollingInterests_a43a046d-e93e-43cb-8845-57b724135be7_terseLabel_es" xlink:label="lab_ifrs-full_NoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncontrollingInterests" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncontrollingInterests"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncontrollingInterests" xlink:to="lab_ifrs-full_NoncontrollingInterests" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_OtherTechnicalProvisions_37926295-3fdf-4af6-ae96-7f18b68153c2_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_OtherTechnicalProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otras provisiones técnicas</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherTechnicalProvisions_label_es" xlink:label="lab_mapfre-2020-12-31_OtherTechnicalProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other technical provisions</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherTechnicalProvisions_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtherTechnicalProvisions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La disposición más significativa incluida en el epígrafe "Disposición sobre el seguro funerario".</link:label>
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    <link:label id="lab_mapfre-2020-12-31_GainsOnInvestmentsOnBehalfOfLifeInsurancePolicyholdersBearingTheInvestmentRisk_152c1aae-1963-4cd1-b42b-c4033dfb0c7b_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_GainsOnInvestmentsOnBehalfOfLifeInsurancePolicyholdersBearingTheInvestmentRisk" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Plusvalías en las inversiones por cuenta de tomadores de seguros de vida que asumen el riesgo de la inversión</link:label>
    <link:label id="lab_mapfre-2020-12-31_GainsOnInvestmentsOnBehalfOfLifeInsurancePolicyholdersBearingTheInvestmentRisk_label_es" xlink:label="lab_mapfre-2020-12-31_GainsOnInvestmentsOnBehalfOfLifeInsurancePolicyholdersBearingTheInvestmentRisk" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Gains on investments on behalf of life insurance policyholders bearing the investment risk</link:label>
    <link:label id="lab_mapfre-2020-12-31_GainsOnInvestmentsOnBehalfOfLifeInsurancePolicyholdersBearingTheInvestmentRisk_documentation_es" xlink:label="lab_mapfre-2020-12-31_GainsOnInvestmentsOnBehalfOfLifeInsurancePolicyholdersBearingTheInvestmentRisk" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Ganancias de las inversiones para el riesgo de los asegurados.</link:label>
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    <link:label id="lab_mapfre-2020-12-31_OtroResultadoGlobalNetosDeImpuestosDiferenciasDeCambiosEnLaConversion_744db0df-1d35-408c-9103-971a0cf04ecf_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_OtroResultadoGlobalNetosDeImpuestosDiferenciasDeCambiosEnLaConversion" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other comprehensive income, before tax, change in value of foreign currency basis spreads</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtroResultadoGlobalNetosDeImpuestosDiferenciasDeCambiosEnLaConversion_label_es" xlink:label="lab_mapfre-2020-12-31_OtroResultadoGlobalNetosDeImpuestosDiferenciasDeCambiosEnLaConversion" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otro resultado global, netos de impuestos, diferencias de cambios en la conversion</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtroResultadoGlobalNetosDeImpuestosDiferenciasDeCambiosEnLaConversion_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtroResultadoGlobalNetosDeImpuestosDiferenciasDeCambiosEnLaConversion" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otro resultado global, netos de impuestos, diferencias de cambios en la conversion</link:label>
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    <link:label id="lab_mapfre-2020-12-31_ReceivablesOnDirectInsuranceAndCoInsuranceOperations_b1172cd5-7eaf-4439-bbe1-06b8bca06d4e_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_ReceivablesOnDirectInsuranceAndCoInsuranceOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Créditos por operaciones de seguro directo y coaseguro</link:label>
    <link:label id="lab_mapfre-2020-12-31_ReceivablesOnDirectInsuranceAndCoInsuranceOperations_label_es" xlink:label="lab_mapfre-2020-12-31_ReceivablesOnDirectInsuranceAndCoInsuranceOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Receivables on direct insurance and co-insurance operations</link:label>
    <link:label id="lab_mapfre-2020-12-31_ReceivablesOnDirectInsuranceAndCoInsuranceOperations_documentation_es" xlink:label="lab_mapfre-2020-12-31_ReceivablesOnDirectInsuranceAndCoInsuranceOperations" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Incluye primas pendientes de recivir por parte de aseguradores y mediadores</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ReceivablesOnDirectInsuranceAndCoInsuranceOperations" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ReceivablesOnDirectInsuranceAndCoInsuranceOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ReceivablesOnDirectInsuranceAndCoInsuranceOperations" xlink:to="lab_mapfre-2020-12-31_ReceivablesOnDirectInsuranceAndCoInsuranceOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfCashFlowsAbstract_f63243f5-4600-4959-ae77-c8f0963784fa_terseLabel_es" xlink:label="lab_ifrs-full_StatementOfCashFlowsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Statement of cash flows placeholder - this item MUST be used as a starting point for the statement of cash flows</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfCashFlowsAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatementOfCashFlowsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfCashFlowsAbstract" xlink:to="lab_ifrs-full_StatementOfCashFlowsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RestatedMember_862a17ca-67f6-47ea-ab9b-6a18ddc66035_terseLabel_es" xlink:label="lab_ifrs-full_RestatedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Currently stated [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RestatedMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RestatedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RestatedMember" xlink:to="lab_ifrs-full_RestatedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_DueOnDirectInsuranceAndCoInsuranceOperations_614490d8-a204-4ebf-9bb8-57ab216a7d0f_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_DueOnDirectInsuranceAndCoInsuranceOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Deudas por operaciones de seguro directo y coaseguro</link:label>
    <link:label id="lab_mapfre-2020-12-31_DueOnDirectInsuranceAndCoInsuranceOperations_label_es" xlink:label="lab_mapfre-2020-12-31_DueOnDirectInsuranceAndCoInsuranceOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Due on direct insurance and co-insurance operations</link:label>
    <link:label id="lab_mapfre-2020-12-31_DueOnDirectInsuranceAndCoInsuranceOperations_documentation_es" xlink:label="lab_mapfre-2020-12-31_DueOnDirectInsuranceAndCoInsuranceOperations" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Las cantidades pagaderas por las operaciones de seguro directo y coaseguro.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_DueOnDirectInsuranceAndCoInsuranceOperations" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_DueOnDirectInsuranceAndCoInsuranceOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_DueOnDirectInsuranceAndCoInsuranceOperations" xlink:to="lab_mapfre-2020-12-31_DueOnDirectInsuranceAndCoInsuranceOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherEquityInterestMember_969d9efa-9a74-4e2d-9131-f9f1cffcd3f5_terseLabel_es" xlink:label="lab_ifrs-full_OtherEquityInterestMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otras participaciones en el patrimonio [miembro]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherEquityInterestMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherEquityInterestMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherEquityInterestMember" xlink:to="lab_ifrs-full_OtherEquityInterestMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_4be86f2b-97a2-4425-8135-3e6eb35ceda4_negatedTerseLabel_es" xlink:label="lab_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Purchase of intangible assets, classified as investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ValuationChangesAdjustmentsMember_e38e2d16-99de-4e16-9a2a-2d7bb975b955_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_ValuationChangesAdjustmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Ajustes por cambio de valor</link:label>
    <link:label id="lab_mapfre-2020-12-31_ValuationChangesAdjustmentsMember_label_es" xlink:label="lab_mapfre-2020-12-31_ValuationChangesAdjustmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Valuation changes adjustments [Member]</link:label>
    <link:label id="lab_mapfre-2020-12-31_ValuationChangesAdjustmentsMember_documentation_es" xlink:label="lab_mapfre-2020-12-31_ValuationChangesAdjustmentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de ajustes por cambio de valor</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ValuationChangesAdjustmentsMember" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ValuationChangesAdjustmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ValuationChangesAdjustmentsMember" xlink:to="lab_mapfre-2020-12-31_ValuationChangesAdjustmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_OtherComprehensiveIncomeBeforeTaxChangeInValueOfShadowAccountingFromInsuranceContract_3cd7401f-a6de-40e2-a413-9c52f5e645e1_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_OtherComprehensiveIncomeBeforeTaxChangeInValueOfShadowAccountingFromInsuranceContract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otras reclasificaciones (contabilidad tácita)</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherComprehensiveIncomeBeforeTaxChangeInValueOfShadowAccountingFromInsuranceContract_label_es" xlink:label="lab_mapfre-2020-12-31_OtherComprehensiveIncomeBeforeTaxChangeInValueOfShadowAccountingFromInsuranceContract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other comprehensive income, before tax, change in value of shadow accounting from insurance contract</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherComprehensiveIncomeBeforeTaxChangeInValueOfShadowAccountingFromInsuranceContract_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtherComprehensiveIncomeBeforeTaxChangeInValueOfShadowAccountingFromInsuranceContract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other comprehensive income, before tax, change in value of shadow accounting from insurance contract</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_OtherComprehensiveIncomeBeforeTaxChangeInValueOfShadowAccountingFromInsuranceContract" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_OtherComprehensiveIncomeBeforeTaxChangeInValueOfShadowAccountingFromInsuranceContract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtherComprehensiveIncomeBeforeTaxChangeInValueOfShadowAccountingFromInsuranceContract" xlink:to="lab_mapfre-2020-12-31_OtherComprehensiveIncomeBeforeTaxChangeInValueOfShadowAccountingFromInsuranceContract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DividendsReceivedClassifiedAsInvestingActivities_766d4653-9b75-48cb-8387-5e77859980d8_terseLabel_es" xlink:label="lab_ifrs-full_DividendsReceivedClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Dividends received</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsReceivedClassifiedAsInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsReceivedClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsReceivedClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_DividendsReceivedClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SharePremium_105d7d4e-a052-43c9-9bcb-cf167fed63a8_terseLabel_es" xlink:label="lab_ifrs-full_SharePremium" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Share premium</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SharePremium" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SharePremium"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SharePremium" xlink:to="lab_ifrs-full_SharePremium" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_VariationInOtherTechnicalProvisionsNet_0744c7ae-a0bc-4a40-8592-994a96ac964b_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_VariationInOtherTechnicalProvisionsNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Variación de otras provisiones, neta</link:label>
    <link:label id="lab_mapfre-2020-12-31_VariationInOtherTechnicalProvisionsNet_label_es" xlink:label="lab_mapfre-2020-12-31_VariationInOtherTechnicalProvisionsNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Variation in other technical provisions, net</link:label>
    <link:label id="lab_mapfre-2020-12-31_VariationInOtherTechnicalProvisionsNet_documentation_es" xlink:label="lab_mapfre-2020-12-31_VariationInOtherTechnicalProvisionsNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de variación en otras provisiones técnicas, neta</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_VariationInOtherTechnicalProvisionsNet" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_VariationInOtherTechnicalProvisionsNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_VariationInOtherTechnicalProvisionsNet" xlink:to="lab_mapfre-2020-12-31_VariationInOtherTechnicalProvisionsNet" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_AdministrationExpenseRelatedToInsuranceContracts_750b6176-c92d-4888-8901-4b89088dbbb9_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_AdministrationExpenseRelatedToInsuranceContracts" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Gastos de administración asociados a contratos de seguros</link:label>
    <link:label id="lab_mapfre-2020-12-31_AdministrationExpenseRelatedToInsuranceContracts_label_es" xlink:label="lab_mapfre-2020-12-31_AdministrationExpenseRelatedToInsuranceContracts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Administration expense related to insurance contracts</link:label>
    <link:label id="lab_mapfre-2020-12-31_AdministrationExpenseRelatedToInsuranceContracts_documentation_es" xlink:label="lab_mapfre-2020-12-31_AdministrationExpenseRelatedToInsuranceContracts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cantidad procedente de la reclasificación de los gastos por destino asignada al segmento de administración.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_AdministrationExpenseRelatedToInsuranceContracts" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_AdministrationExpenseRelatedToInsuranceContracts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_AdministrationExpenseRelatedToInsuranceContracts" xlink:to="lab_mapfre-2020-12-31_AdministrationExpenseRelatedToInsuranceContracts" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAndLiabilitiesAbstract_e9a7550c-4d23-4626-afd5-aede8d944111_terseLabel_es" xlink:label="lab_ifrs-full_EquityAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Equity and liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAndLiabilitiesAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAndLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAndLiabilitiesAbstract" xlink:to="lab_ifrs-full_EquityAndLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ReclassificationAdjustmentOnChangeInValueOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeTax_2dbbfa29-ccca-42a9-96f6-5683b866ffae_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_ReclassificationAdjustmentOnChangeInValueOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeTax" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Importes transferidos a la cuenta de resultados</link:label>
    <link:label id="lab_mapfre-2020-12-31_ReclassificationAdjustmentOnChangeInValueOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeTax_label_es" xlink:label="lab_mapfre-2020-12-31_ReclassificationAdjustmentOnChangeInValueOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Reclassification adjustment on change in value of associates and joint ventures accounted for using equity method before tax</link:label>
    <link:label id="lab_mapfre-2020-12-31_ReclassificationAdjustmentOnChangeInValueOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeTax_documentation_es" xlink:label="lab_mapfre-2020-12-31_ReclassificationAdjustmentOnChangeInValueOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Reclassification adjustment on change in value of associates and joint ventures accounted for using equity method before tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ReclassificationAdjustmentOnChangeInValueOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeTax" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ReclassificationAdjustmentOnChangeInValueOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ReclassificationAdjustmentOnChangeInValueOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeTax" xlink:to="lab_mapfre-2020-12-31_ReclassificationAdjustmentOnChangeInValueOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SharePremiumMember_59be91ce-6845-49fd-942a-22c89e3890a2_terseLabel_es" xlink:label="lab_ifrs-full_SharePremiumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Share premium [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SharePremiumMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SharePremiumMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SharePremiumMember" xlink:to="lab_ifrs-full_SharePremiumMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherAssets_93831130-2429-4056-a687-0a279941a31a_terseLabel_es" xlink:label="lab_ifrs-full_OtherAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherAssets" xlink:to="lab_ifrs-full_OtherAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_Reservas_ee8e829f-be06-4258-b96a-dad65024f411_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_Reservas" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Reservas</link:label>
    <link:label id="lab_mapfre-2020-12-31_Reservas_label_es" xlink:label="lab_mapfre-2020-12-31_Reservas" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Reservas</link:label>
    <link:label id="lab_mapfre-2020-12-31_Reservas_documentation_es" xlink:label="lab_mapfre-2020-12-31_Reservas" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Reservas</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_Reservas" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_Reservas"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_Reservas" xlink:to="lab_mapfre-2020-12-31_Reservas" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_OtherNonTechnicalExpenses_32f0ea25-eef7-4352-92e7-9e06d8a601ec_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_OtherNonTechnicalExpenses" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otros gastos no técnicos</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherNonTechnicalExpenses_label_es" xlink:label="lab_mapfre-2020-12-31_OtherNonTechnicalExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other non-technical expenses</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherNonTechnicalExpenses_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtherNonTechnicalExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de gastos no técnicos</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_OtherNonTechnicalExpenses" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_OtherNonTechnicalExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtherNonTechnicalExpenses" xlink:to="lab_mapfre-2020-12-31_OtherNonTechnicalExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_AcquisitionExpenseRelatedToInsuranceContracts_796d0c18-e359-4f89-bcea-f3b07767ff8a_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_AcquisitionExpenseRelatedToInsuranceContracts" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Gastos de adquisición</link:label>
    <link:label id="lab_mapfre-2020-12-31_AcquisitionExpenseRelatedToInsuranceContracts_label_es" xlink:label="lab_mapfre-2020-12-31_AcquisitionExpenseRelatedToInsuranceContracts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Acquisition expense related to insurance contracts</link:label>
    <link:label id="lab_mapfre-2020-12-31_AcquisitionExpenseRelatedToInsuranceContracts_documentation_es" xlink:label="lab_mapfre-2020-12-31_AcquisitionExpenseRelatedToInsuranceContracts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Importe proveniente de la reclasificacion por el destino asignado al segmento de adquisición.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_AcquisitionExpenseRelatedToInsuranceContracts" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_AcquisitionExpenseRelatedToInsuranceContracts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_AcquisitionExpenseRelatedToInsuranceContracts" xlink:to="lab_mapfre-2020-12-31_AcquisitionExpenseRelatedToInsuranceContracts" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_TransfersAmongEquityItems_11754aaa-cd67-4d42-bc81-133880cef316_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_TransfersAmongEquityItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Traspaso entre elementos del patrimonio neto</link:label>
    <link:label id="lab_mapfre-2020-12-31_TransfersAmongEquityItems_label_es" xlink:label="lab_mapfre-2020-12-31_TransfersAmongEquityItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Transfers among equity items</link:label>
    <link:label id="lab_mapfre-2020-12-31_TransfersAmongEquityItems_documentation_es" xlink:label="lab_mapfre-2020-12-31_TransfersAmongEquityItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de traspaso entre elementos del patrimonio neto</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_TransfersAmongEquityItems" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_TransfersAmongEquityItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_TransfersAmongEquityItems" xlink:to="lab_mapfre-2020-12-31_TransfersAmongEquityItems" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_AllowanceToTheAssetImpairmentProvision_e7967ff9-48e1-43be-ba5a-1a1171999aa1_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_AllowanceToTheAssetImpairmentProvision" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Dotación a la provisión por deterioro de activos</link:label>
    <link:label id="lab_mapfre-2020-12-31_AllowanceToTheAssetImpairmentProvision_label_es" xlink:label="lab_mapfre-2020-12-31_AllowanceToTheAssetImpairmentProvision" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Allowance to the asset impairment provision</link:label>
    <link:label id="lab_mapfre-2020-12-31_AllowanceToTheAssetImpairmentProvision_documentation_es" xlink:label="lab_mapfre-2020-12-31_AllowanceToTheAssetImpairmentProvision" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">The amount of impairment losses of the year.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_AllowanceToTheAssetImpairmentProvision" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_AllowanceToTheAssetImpairmentProvision"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_AllowanceToTheAssetImpairmentProvision" xlink:to="lab_mapfre-2020-12-31_AllowanceToTheAssetImpairmentProvision" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ChangesInEquityAbstract_d9b20e92-240a-45cc-b86f-d3a1324916d7_terseLabel_es" xlink:label="lab_ifrs-full_ChangesInEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Changes in equity [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ChangesInEquityAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ChangesInEquityAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ChangesInEquityAbstract" xlink:to="lab_ifrs-full_ChangesInEquityAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ReservesMember_26253045-ec1d-4a7f-927d-9ffb0cf4b494_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_ReservesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Reserves [Member]</link:label>
    <link:label id="lab_mapfre-2020-12-31_ReservesMember_label_es" xlink:label="lab_mapfre-2020-12-31_ReservesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Reserves [Member]</link:label>
    <link:label id="lab_mapfre-2020-12-31_ReservesMember_documentation_es" xlink:label="lab_mapfre-2020-12-31_ReservesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Reserves</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ReservesMember" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ReservesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ReservesMember" xlink:to="lab_mapfre-2020-12-31_ReservesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_fd67305a-6475-4292-b484-32570f9e8ca2_terseLabel_es" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Incremento (decremento) por otros cambios, patrimonio neto</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_edf568d3-eb12-4aa7-9e05-a8eedfd92dd5_negatedTerseLabel_es" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Tax expense (income)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_CorporateAndOtherReceivables_27f1cb72-0cb7-4a48-b1dc-8948bc4806b0_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_CorporateAndOtherReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Créditos sociales y otros</link:label>
    <link:label id="lab_mapfre-2020-12-31_CorporateAndOtherReceivables_label_es" xlink:label="lab_mapfre-2020-12-31_CorporateAndOtherReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Corporate and other receivables</link:label>
    <link:label id="lab_mapfre-2020-12-31_CorporateAndOtherReceivables_documentation_es" xlink:label="lab_mapfre-2020-12-31_CorporateAndOtherReceivables" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de los préstamos corporativos (sociales) y otras cuentas por cobrar</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_CorporateAndOtherReceivables" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_CorporateAndOtherReceivables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_CorporateAndOtherReceivables" xlink:to="lab_mapfre-2020-12-31_CorporateAndOtherReceivables" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_OtherPaymentsRelatedToFinancingActivities_6ef41797-76e6-4bc0-bd07-63957f0ec0f8_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_OtherPaymentsRelatedToFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otros pagos relacionados con las actividades de financiación</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherPaymentsRelatedToFinancingActivities_label_es" xlink:label="lab_mapfre-2020-12-31_OtherPaymentsRelatedToFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other payments related to financing activities</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherPaymentsRelatedToFinancingActivities_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtherPaymentsRelatedToFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de otros pagos relacionados con las actividades de financiación</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_OtherPaymentsRelatedToFinancingActivities" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_OtherPaymentsRelatedToFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtherPaymentsRelatedToFinancingActivities" xlink:to="lab_mapfre-2020-12-31_OtherPaymentsRelatedToFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReceivablesFromTaxesOtherThanIncomeTax_95849fc9-b4b0-4d8d-b45e-f7061ce95c19_terseLabel_es" xlink:label="lab_ifrs-full_ReceivablesFromTaxesOtherThanIncomeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cuentas a cobrar de impuestos distintos del impuesto sobre las ganancias</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReceivablesFromTaxesOtherThanIncomeTax" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReceivablesFromTaxesOtherThanIncomeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReceivablesFromTaxesOtherThanIncomeTax" xlink:to="lab_ifrs-full_ReceivablesFromTaxesOtherThanIncomeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_LossesOnInvestmentsOnBehalfOfLifeInsurancePolicyholdersBearingTheInvestmentRisk_949c6230-194f-4596-b29f-6eef33952213_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_LossesOnInvestmentsOnBehalfOfLifeInsurancePolicyholdersBearingTheInvestmentRisk" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Minusvalías en las inversiones por cuenta de inversiones de tomadores de seguros de vida que asumen el riesgo de la inversión</link:label>
    <link:label id="lab_mapfre-2020-12-31_LossesOnInvestmentsOnBehalfOfLifeInsurancePolicyholdersBearingTheInvestmentRisk_label_es" xlink:label="lab_mapfre-2020-12-31_LossesOnInvestmentsOnBehalfOfLifeInsurancePolicyholdersBearingTheInvestmentRisk" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Losses on investments on behalf of life insurance policyholders bearing the investment risk</link:label>
    <link:label id="lab_mapfre-2020-12-31_LossesOnInvestmentsOnBehalfOfLifeInsurancePolicyholdersBearingTheInvestmentRisk_documentation_es" xlink:label="lab_mapfre-2020-12-31_LossesOnInvestmentsOnBehalfOfLifeInsurancePolicyholdersBearingTheInvestmentRisk" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de minusvalías en las inversiones por cuenta de inversiones de tomadores de seguros de vida que asumen el riesgo de la inversión</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_LossesOnInvestmentsOnBehalfOfLifeInsurancePolicyholdersBearingTheInvestmentRisk" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_LossesOnInvestmentsOnBehalfOfLifeInsurancePolicyholdersBearingTheInvestmentRisk"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_LossesOnInvestmentsOnBehalfOfLifeInsurancePolicyholdersBearingTheInvestmentRisk" xlink:to="lab_mapfre-2020-12-31_LossesOnInvestmentsOnBehalfOfLifeInsurancePolicyholdersBearingTheInvestmentRisk" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_OtherProceedsRelatedToFinancingActivities_a043c8a4-2bd4-4e6d-9adf-f8671d0010f4_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_OtherProceedsRelatedToFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otros cobros relacionados con las actividades de financiación</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherProceedsRelatedToFinancingActivities_label_es" xlink:label="lab_mapfre-2020-12-31_OtherProceedsRelatedToFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other proceeds related to financing activities</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherProceedsRelatedToFinancingActivities_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtherProceedsRelatedToFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de efectivo recibida por otros cobros relacionados con las actividades de inversión</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_OtherProceedsRelatedToFinancingActivities" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_OtherProceedsRelatedToFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtherProceedsRelatedToFinancingActivities" xlink:to="lab_mapfre-2020-12-31_OtherProceedsRelatedToFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossFromContinuingOperations_cd0da853-404a-4a62-b3ec-673db42ae671_totalLabel_es" xlink:label="lab_ifrs-full_ProfitLossFromContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Profit (loss) from continuing operations</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromContinuingOperations" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromContinuingOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossFromContinuingOperations" xlink:to="lab_ifrs-full_ProfitLossFromContinuingOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReinsuranceContractsHeldThatAreAssets_c4fe31c3-8b81-491a-a8a9-bea8f7c63c72_terseLabel_es" xlink:label="lab_ifrs-full_ReinsuranceContractsHeldThatAreAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Reinsurance contracts held that are assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReinsuranceContractsHeldThatAreAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReinsuranceContractsHeldThatAreAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReinsuranceContractsHeldThatAreAssets" xlink:to="lab_ifrs-full_ReinsuranceContractsHeldThatAreAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InvestmentAccountedForUsingEquityMethod_58813a14-cf8f-451d-b06d-6649d0538b09_terseLabel_es" xlink:label="lab_ifrs-full_InvestmentAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Investments accounted for using equity method</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentAccountedForUsingEquityMethod" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InvestmentAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_InvestmentAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_OtherNonTechnicalRevenue_1eb74a8a-0cf4-48bd-9c5d-38a9a953b30b_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_OtherNonTechnicalRevenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otros ingresos no técnicos</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherNonTechnicalRevenue_label_es" xlink:label="lab_mapfre-2020-12-31_OtherNonTechnicalRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other non-technical revenue</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherNonTechnicalRevenue_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtherNonTechnicalRevenue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">El importe de otros ingresos no técnicos</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_OtherNonTechnicalRevenue" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_OtherNonTechnicalRevenue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtherNonTechnicalRevenue" xlink:to="lab_mapfre-2020-12-31_OtherNonTechnicalRevenue" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ResultForThePeriodAttributableToControllingCompany_95aa1d7a-62b3-46ba-a639-a688ea52a340_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_ResultForThePeriodAttributableToControllingCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Resultado del ejercicio atribuible a la Sociedad dominante</link:label>
    <link:label id="lab_mapfre-2020-12-31_ResultForThePeriodAttributableToControllingCompany_label_es" xlink:label="lab_mapfre-2020-12-31_ResultForThePeriodAttributableToControllingCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Result for the period attributable to controlling company</link:label>
    <link:label id="lab_mapfre-2020-12-31_ResultForThePeriodAttributableToControllingCompany_documentation_es" xlink:label="lab_mapfre-2020-12-31_ResultForThePeriodAttributableToControllingCompany" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">El total del resultado del período atribuible a la sociedad controladora, Mapfre S.A.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ResultForThePeriodAttributableToControllingCompany" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ResultForThePeriodAttributableToControllingCompany"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ResultForThePeriodAttributableToControllingCompany" xlink:to="lab_mapfre-2020-12-31_ResultForThePeriodAttributableToControllingCompany" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_PasivosFinancierosProcedentesDeEmisionDeObligacionesYOtrosValoresNegociables_00140f24-b37a-4307-a061-923a5a833067_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_PasivosFinancierosProcedentesDeEmisionDeObligacionesYOtrosValoresNegociables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Pasivos financieros procedentes de emisión de obligaciones y otros valores negociables</link:label>
    <link:label id="lab_mapfre-2020-12-31_PasivosFinancierosProcedentesDeEmisionDeObligacionesYOtrosValoresNegociables_label_es" xlink:label="lab_mapfre-2020-12-31_PasivosFinancierosProcedentesDeEmisionDeObligacionesYOtrosValoresNegociables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Pasivos financieros procedentes de emision de obligaciones y otros valores negociables</link:label>
    <link:label id="lab_mapfre-2020-12-31_PasivosFinancierosProcedentesDeEmisionDeObligacionesYOtrosValoresNegociables_documentation_es" xlink:label="lab_mapfre-2020-12-31_PasivosFinancierosProcedentesDeEmisionDeObligacionesYOtrosValoresNegociables" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Pasivos financieros procedentes de emision de obligaciones y otros valores negociables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_PasivosFinancierosProcedentesDeEmisionDeObligacionesYOtrosValoresNegociables" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_PasivosFinancierosProcedentesDeEmisionDeObligacionesYOtrosValoresNegociables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_PasivosFinancierosProcedentesDeEmisionDeObligacionesYOtrosValoresNegociables" xlink:to="lab_mapfre-2020-12-31_PasivosFinancierosProcedentesDeEmisionDeObligacionesYOtrosValoresNegociables" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DomicileOfEntity_75862d4e-8aa2-4322-9ff7-c4afa07cb627_terseLabel_es" xlink:label="lab_ifrs-full_DomicileOfEntity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Domicile of entity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DomicileOfEntity" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DomicileOfEntity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DomicileOfEntity" xlink:to="lab_ifrs-full_DomicileOfEntity" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PreviouslyStatedMember_8ed6f93a-cb1f-4c09-82d3-ff0df9d81556_terseLabel_es" xlink:label="lab_ifrs-full_PreviouslyStatedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Previously stated [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PreviouslyStatedMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PreviouslyStatedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PreviouslyStatedMember" xlink:to="lab_ifrs-full_PreviouslyStatedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_InterimDividend_d9e7be24-edd0-4620-980a-41a451d492df_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_InterimDividend" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Dividendo a cuenta</link:label>
    <link:label id="lab_mapfre-2020-12-31_InterimDividend_label_es" xlink:label="lab_mapfre-2020-12-31_InterimDividend" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Interim dividend</link:label>
    <link:label id="lab_mapfre-2020-12-31_InterimDividend_documentation_es" xlink:label="lab_mapfre-2020-12-31_InterimDividend" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Dividendo pagado antes de la reunión anual general y la publicación de los estados financieros.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_InterimDividend" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_InterimDividend"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_InterimDividend" xlink:to="lab_mapfre-2020-12-31_InterimDividend" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParentMember_12a8052c-5b3c-4ad4-b1df-de443fd56691_terseLabel_es" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Equity attributable to owners of parent [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:to="lab_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Accruals_22f00be5-7f7b-4723-9e33-634146822fb7_terseLabel_es" xlink:label="lab_ifrs-full_Accruals" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Accruals</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Accruals" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Accruals"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Accruals" xlink:to="lab_ifrs-full_Accruals" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_IncreaseDecreaseDueToChangesInAccountingPolicy_de31a430-d8a3-4547-86a0-c6aa20d1e554_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_IncreaseDecreaseDueToChangesInAccountingPolicy" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Ajustes por cambio de criterio contable</link:label>
    <link:label id="lab_mapfre-2020-12-31_IncreaseDecreaseDueToChangesInAccountingPolicy_label_es" xlink:label="lab_mapfre-2020-12-31_IncreaseDecreaseDueToChangesInAccountingPolicy" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Increase (decrease) due to changes in accounting policy</link:label>
    <link:label id="lab_mapfre-2020-12-31_IncreaseDecreaseDueToChangesInAccountingPolicy_documentation_es" xlink:label="lab_mapfre-2020-12-31_IncreaseDecreaseDueToChangesInAccountingPolicy" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Efecto financiero de los cambios en la política contable.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_IncreaseDecreaseDueToChangesInAccountingPolicy" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_IncreaseDecreaseDueToChangesInAccountingPolicy"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_IncreaseDecreaseDueToChangesInAccountingPolicy" xlink:to="lab_mapfre-2020-12-31_IncreaseDecreaseDueToChangesInAccountingPolicy" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_90c77f2f-38b0-4ed4-8f27-bd7e66b40e9a_totalLabel_es" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otro resultado global que no se reclasificará a resultados, antes de impuestos</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BasicEarningsPerShareAbstract_e242c1f9-e63a-4f7e-842e-f2ed568ba353_terseLabel_es" xlink:label="lab_ifrs-full_BasicEarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Basic earnings per share [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BasicEarningsPerShareAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BasicEarningsPerShareAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BasicEarningsPerShareAbstract" xlink:to="lab_ifrs-full_BasicEarningsPerShareAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherPropertyPlantAndEquipment_5e9763dc-08e9-4c53-9a76-832af9858eb4_terseLabel_es" xlink:label="lab_ifrs-full_OtherPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherPropertyPlantAndEquipment" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherPropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_OtherPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_DepositsReceivedOnCededAndRetrocededReinsurance_81d1fd35-3fba-4ccb-ad5c-71646465b8dc_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_DepositsReceivedOnCededAndRetrocededReinsurance" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Depósitos recibidos por reaseguro cedido y retrocedido</link:label>
    <link:label id="lab_mapfre-2020-12-31_DepositsReceivedOnCededAndRetrocededReinsurance_label_es" xlink:label="lab_mapfre-2020-12-31_DepositsReceivedOnCededAndRetrocededReinsurance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Deposits received on ceded and retroceded reinsurance</link:label>
    <link:label id="lab_mapfre-2020-12-31_DepositsReceivedOnCededAndRetrocededReinsurance_documentation_es" xlink:label="lab_mapfre-2020-12-31_DepositsReceivedOnCededAndRetrocededReinsurance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Garantías otorgadas a los reaseguradores de acuerdo con los contratos de cobertura de reaseguro celebrados con arreglo a las prácticas comerciales habituales.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_DepositsReceivedOnCededAndRetrocededReinsurance" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_DepositsReceivedOnCededAndRetrocededReinsurance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_DepositsReceivedOnCededAndRetrocededReinsurance" xlink:to="lab_mapfre-2020-12-31_DepositsReceivedOnCededAndRetrocededReinsurance" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InventoriesTotal_a54fc227-69d8-4713-80f2-f495bba66ff9_terseLabel_es" xlink:label="lab_ifrs-full_InventoriesTotal" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Inventories</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InventoriesTotal" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InventoriesTotal"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InventoriesTotal" xlink:to="lab_ifrs-full_InventoriesTotal" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_WrittenPremiumsDirectInsurance_ab42bf8f-adf0-4404-a9c8-9612460bf38e_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_WrittenPremiumsDirectInsurance" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Primas emitidas seguro directo</link:label>
    <link:label id="lab_mapfre-2020-12-31_WrittenPremiumsDirectInsurance_label_es" xlink:label="lab_mapfre-2020-12-31_WrittenPremiumsDirectInsurance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Written premiums, direct insurance</link:label>
    <link:label id="lab_mapfre-2020-12-31_WrittenPremiumsDirectInsurance_documentation_es" xlink:label="lab_mapfre-2020-12-31_WrittenPremiumsDirectInsurance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">El importe de las primas de las pólizas de seguro directo</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_WrittenPremiumsDirectInsurance" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_WrittenPremiumsDirectInsurance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_WrittenPremiumsDirectInsurance" xlink:to="lab_mapfre-2020-12-31_WrittenPremiumsDirectInsurance" xlink:type="arc" order="1"/>
    <link:label id="lab_esef_cor_ItemsAreFurtherDetailedInSection800200AnalysisOfIncomeAndExpense_d85b5450-85f8-4c9f-ac05-0c72818a51e3_terseLabel_es" xlink:label="lab_esef_cor_ItemsAreFurtherDetailedInSection800200AnalysisOfIncomeAndExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Items are further detailed in section [800200] Analysis of income and expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_esef_cor_ItemsAreFurtherDetailedInSection800200AnalysisOfIncomeAndExpense" xlink:href="http://www.esma.europa.eu/taxonomy/2020-03-16/esef_cor.xsd#esef_cor_ItemsAreFurtherDetailedInSection800200AnalysisOfIncomeAndExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_esef_cor_ItemsAreFurtherDetailedInSection800200AnalysisOfIncomeAndExpense" xlink:to="lab_esef_cor_ItemsAreFurtherDetailedInSection800200AnalysisOfIncomeAndExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAbstract_d0c165c8-522d-40b9-b499-32b241580006_terseLabel_es" xlink:label="lab_ifrs-full_EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Equity [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAbstract" xlink:to="lab_ifrs-full_EquityAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_NegativeForeignExchangeDifferences_b354a4c1-6e09-4922-85cd-0731c1451c74_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_NegativeForeignExchangeDifferences" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Diferencias negativas de cambio</link:label>
    <link:label id="lab_mapfre-2020-12-31_NegativeForeignExchangeDifferences_label_es" xlink:label="lab_mapfre-2020-12-31_NegativeForeignExchangeDifferences" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Negative foreign exchange differences</link:label>
    <link:label id="lab_mapfre-2020-12-31_NegativeForeignExchangeDifferences_documentation_es" xlink:label="lab_mapfre-2020-12-31_NegativeForeignExchangeDifferences" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">The amount of foreign exchange differences that give a negative result</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_NegativeForeignExchangeDifferences" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_NegativeForeignExchangeDifferences"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_NegativeForeignExchangeDifferences" xlink:to="lab_mapfre-2020-12-31_NegativeForeignExchangeDifferences" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InvestmentsForRiskOfPolicyholders_fe78da10-9cca-4083-9030-4490dab865d6_terseLabel_es" xlink:label="lab_ifrs-full_InvestmentsForRiskOfPolicyholders" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Investments for risk of policyholders</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsForRiskOfPolicyholders" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentsForRiskOfPolicyholders"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InvestmentsForRiskOfPolicyholders" xlink:to="lab_ifrs-full_InvestmentsForRiskOfPolicyholders" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherCashReceiptsFromOperatingActivities_b6661a9d-dcac-4f55-925c-01e37410165a_terseLabel_es" xlink:label="lab_ifrs-full_OtherCashReceiptsFromOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other cash receipts from operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherCashReceiptsFromOperatingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCashReceiptsFromOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherCashReceiptsFromOperatingActivities" xlink:to="lab_ifrs-full_OtherCashReceiptsFromOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_05bc7574-e8af-4221-b1c2-b0a823d54b92_terseLabel_es" xlink:label="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Proceeds from sales of property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NameOfParentEntity_93ac16e2-098b-4710-9845-6abfc9e97363_terseLabel_es" xlink:label="lab_ifrs-full_NameOfParentEntity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Name of parent entity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NameOfParentEntity" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NameOfParentEntity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NameOfParentEntity" xlink:to="lab_ifrs-full_NameOfParentEntity" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_ce854053-0375-4e00-bc1f-09ccdd46781f_totalLabel_es" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cash flows from (used in) investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_f8d34665-5315-4aee-b745-c95cbf8571b0_terseLabel_es" xlink:label="lab_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Activos no corrientes o grupos enajenables de elementos clasificados como mantenidos para la venta</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:to="lab_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_OtherTechnicalExpenses_07d67374-9a93-4a32-a672-d5a8cee54e19_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_OtherTechnicalExpenses" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otros gastos técnicos</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherTechnicalExpenses_label_es" xlink:label="lab_mapfre-2020-12-31_OtherTechnicalExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other technical expenses</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherTechnicalExpenses_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtherTechnicalExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de otros gastos provenientes de seguros</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_OtherTechnicalExpenses" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_OtherTechnicalExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtherTechnicalExpenses" xlink:to="lab_mapfre-2020-12-31_OtherTechnicalExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeStatementAbstract_2a427ccd-f995-4a9d-af00-7b334ce8d045_terseLabel_es" xlink:label="lab_ifrs-full_IncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Profit or loss placeholder - this item MUST be used as a starting point for the statement of profit or loss if the statement of profit or loss is separately</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeStatementAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeStatementAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeStatementAbstract" xlink:to="lab_ifrs-full_IncomeStatementAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLoss_74e37f59-41c0-4abf-a3a6-409fb0932a1d_totalLabel_es" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Profit (loss)</link:label>
    <link:label id="lab_ifrs-full_ProfitLoss_9242963a-1d3e-4209-98fb-7a5fdee7cbdd_terseLabel_es" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Profit (loss)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLoss" xlink:to="lab_ifrs-full_ProfitLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_9730e403-3783-4106-b071-2dd8fb47ce8a_terseLabel_es" xlink:label="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Receipt (payment) of income tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:to="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities_412e0131-ae98-4274-9a4e-3e352202553d_terseLabel_es" xlink:label="lab_ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Proceeds from sales of intangible assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExpenseArisingFromInsuranceContracts_d2889986-7e57-4fb7-a15e-4c0c27f4a53f_negatedTotalLabel_es" xlink:label="lab_ifrs-full_ExpenseArisingFromInsuranceContracts" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Expense arising from insurance contracts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpenseArisingFromInsuranceContracts" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ExpenseArisingFromInsuranceContracts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpenseArisingFromInsuranceContracts" xlink:to="lab_ifrs-full_ExpenseArisingFromInsuranceContracts" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_GainsLossesOnChangeInValueOfShadowAccountingFromInsuranceContractBeforeTax_9ec34ffe-bdac-4c43-8058-148384546975_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_GainsLossesOnChangeInValueOfShadowAccountingFromInsuranceContractBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Ganancias (pérdidas por valoración) (contabilidad tácita)</link:label>
    <link:label id="lab_mapfre-2020-12-31_GainsLossesOnChangeInValueOfShadowAccountingFromInsuranceContractBeforeTax_label_es" xlink:label="lab_mapfre-2020-12-31_GainsLossesOnChangeInValueOfShadowAccountingFromInsuranceContractBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Gains (losses) on change in value of shadow accounting from insurance contract before tax</link:label>
    <link:label id="lab_mapfre-2020-12-31_GainsLossesOnChangeInValueOfShadowAccountingFromInsuranceContractBeforeTax_documentation_es" xlink:label="lab_mapfre-2020-12-31_GainsLossesOnChangeInValueOfShadowAccountingFromInsuranceContractBeforeTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Gains (losses) on change in value of shadow accounting from insurance contract before tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_GainsLossesOnChangeInValueOfShadowAccountingFromInsuranceContractBeforeTax" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_GainsLossesOnChangeInValueOfShadowAccountingFromInsuranceContractBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_GainsLossesOnChangeInValueOfShadowAccountingFromInsuranceContractBeforeTax" xlink:to="lab_mapfre-2020-12-31_GainsLossesOnChangeInValueOfShadowAccountingFromInsuranceContractBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PaymentsForPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits_2e12605e-a66e-4893-a9bc-1c8ec2457212_negatedTerseLabel_es" xlink:label="lab_ifrs-full_PaymentsForPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Pagos efectivos de la actividad aseguradora</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PaymentsForPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PaymentsForPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsForPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits" xlink:to="lab_ifrs-full_PaymentsForPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis_c71568fc-0bc3-4f17-a9e1-6a63d825a5d2_terseLabel_es" xlink:label="lab_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Retrospective application and retrospective restatement [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:to="lab_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReinsuranceContractsHeldThatAreLiabilities_3b9edde5-93dd-43e3-8919-91814ce04e6d_terseLabel_es" xlink:label="lab_ifrs-full_ReinsuranceContractsHeldThatAreLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Reinsurance contracts held that are liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReinsuranceContractsHeldThatAreLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReinsuranceContractsHeldThatAreLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReinsuranceContractsHeldThatAreLiabilities" xlink:to="lab_ifrs-full_ReinsuranceContractsHeldThatAreLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfFinancialPositionAbstract_6ce85333-a764-4317-86bf-c6e09870471c_terseLabel_es" xlink:label="lab_ifrs-full_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Statement of financial position placeholder - this item MUST be used as a starting point for the statement of financial position</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfFinancialPositionAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatementOfFinancialPositionAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfFinancialPositionAbstract" xlink:to="lab_ifrs-full_StatementOfFinancialPositionAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ReversalOfTheAssetImpairmentProvision_1cfe8b86-4d91-4567-8127-831d68971d3d_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_ReversalOfTheAssetImpairmentProvision" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Reversión de la provisión por deterioro de activos</link:label>
    <link:label id="lab_mapfre-2020-12-31_ReversalOfTheAssetImpairmentProvision_label_es" xlink:label="lab_mapfre-2020-12-31_ReversalOfTheAssetImpairmentProvision" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Reversal of the asset impairment provision</link:label>
    <link:label id="lab_mapfre-2020-12-31_ReversalOfTheAssetImpairmentProvision_documentation_es" xlink:label="lab_mapfre-2020-12-31_ReversalOfTheAssetImpairmentProvision" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">The amount of the reversal of the provision created with the purpose of covering asset impairment issues</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ReversalOfTheAssetImpairmentProvision" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ReversalOfTheAssetImpairmentProvision"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ReversalOfTheAssetImpairmentProvision" xlink:to="lab_mapfre-2020-12-31_ReversalOfTheAssetImpairmentProvision" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_9e0a778e-24d1-46a3-a44b-d9fd4a556628_terseLabel_es" xlink:label="lab_ifrs-full_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Description of nature of entity's operations and principal activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" xlink:to="lab_ifrs-full_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_af17d27d-010d-4e2b-8657-b8b514c8016f_terseLabel_es" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cash flows from (used in) financing activities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:to="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent_5ea29a29-a5b0-4b0a-aaa9-4751464ea061_terseLabel_es" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Profit (loss), attributable to owners of parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TreasurySharesMember_c16851b5-5f05-4ced-a7c1-1d281fcf30a6_terseLabel_es" xlink:label="lab_ifrs-full_TreasurySharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Treasury shares [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TreasurySharesMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TreasurySharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TreasurySharesMember" xlink:to="lab_ifrs-full_TreasurySharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_OtrosResultadoGlobalAntesDeImpuestosProvenienteDeActivosFinancierosDisponiblesParaLaVenta_c3cf7ee7-bdd1-48f2-9446-eeecf1a38688_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_OtrosResultadoGlobalAntesDeImpuestosProvenienteDeActivosFinancierosDisponiblesParaLaVenta" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other comprehensive income, before tax, available-for-sale financial assets</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtrosResultadoGlobalAntesDeImpuestosProvenienteDeActivosFinancierosDisponiblesParaLaVenta_label_es" xlink:label="lab_mapfre-2020-12-31_OtrosResultadoGlobalAntesDeImpuestosProvenienteDeActivosFinancierosDisponiblesParaLaVenta" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otros resultado global, antes de impuestos, proveniente de activos financieros disponibles para la venta</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtrosResultadoGlobalAntesDeImpuestosProvenienteDeActivosFinancierosDisponiblesParaLaVenta_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtrosResultadoGlobalAntesDeImpuestosProvenienteDeActivosFinancierosDisponiblesParaLaVenta" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otros resultado global, antes de impuestos, proveniente de activos financieros disponibles para la venta</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_OtrosResultadoGlobalAntesDeImpuestosProvenienteDeActivosFinancierosDisponiblesParaLaVenta" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_OtrosResultadoGlobalAntesDeImpuestosProvenienteDeActivosFinancierosDisponiblesParaLaVenta"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtrosResultadoGlobalAntesDeImpuestosProvenienteDeActivosFinancierosDisponiblesParaLaVenta" xlink:to="lab_mapfre-2020-12-31_OtrosResultadoGlobalAntesDeImpuestosProvenienteDeActivosFinancierosDisponiblesParaLaVenta" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ResultFromTheDisposalOfNonCurrentAssetsClassifiedAsHeldForSaleNotIncludedInDiscontinuedOperations_4c0634e3-e6ca-4436-915b-42b85792e50d_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_ResultFromTheDisposalOfNonCurrentAssetsClassifiedAsHeldForSaleNotIncludedInDiscontinuedOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Resultado de la enajenación de activos no corrientes clasificados como mantenidos para la venta no incluidos en las actividades interrumpidas</link:label>
    <link:label id="lab_mapfre-2020-12-31_ResultFromTheDisposalOfNonCurrentAssetsClassifiedAsHeldForSaleNotIncludedInDiscontinuedOperations_label_es" xlink:label="lab_mapfre-2020-12-31_ResultFromTheDisposalOfNonCurrentAssetsClassifiedAsHeldForSaleNotIncludedInDiscontinuedOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Result from the disposal of non-current assets classified as held for sale, not included in discontinued operations</link:label>
    <link:label id="lab_mapfre-2020-12-31_ResultFromTheDisposalOfNonCurrentAssetsClassifiedAsHeldForSaleNotIncludedInDiscontinuedOperations_documentation_es" xlink:label="lab_mapfre-2020-12-31_ResultFromTheDisposalOfNonCurrentAssetsClassifiedAsHeldForSaleNotIncludedInDiscontinuedOperations" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de resultado de la enajenación de activos no corrientes clasificados como mantenidos para la venta no incluidos en las actividades interrumpidas</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ResultFromTheDisposalOfNonCurrentAssetsClassifiedAsHeldForSaleNotIncludedInDiscontinuedOperations" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ResultFromTheDisposalOfNonCurrentAssetsClassifiedAsHeldForSaleNotIncludedInDiscontinuedOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ResultFromTheDisposalOfNonCurrentAssetsClassifiedAsHeldForSaleNotIncludedInDiscontinuedOperations" xlink:to="lab_mapfre-2020-12-31_ResultFromTheDisposalOfNonCurrentAssetsClassifiedAsHeldForSaleNotIncludedInDiscontinuedOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_AjustesPorPeriodificaciones_e9696302-2bdb-45f7-a0ca-76c9597ab93b_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_AjustesPorPeriodificaciones" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Ajustes por periodificaciones</link:label>
    <link:label id="lab_mapfre-2020-12-31_AjustesPorPeriodificaciones_label_es" xlink:label="lab_mapfre-2020-12-31_AjustesPorPeriodificaciones" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Ajustes por periodificaciones</link:label>
    <link:label id="lab_mapfre-2020-12-31_AjustesPorPeriodificaciones_documentation_es" xlink:label="lab_mapfre-2020-12-31_AjustesPorPeriodificaciones" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Esta partida incluye básicamente los gastos de adquisición diferidos de los contratos de seguro.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_AjustesPorPeriodificaciones" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_AjustesPorPeriodificaciones"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_AjustesPorPeriodificaciones" xlink:to="lab_mapfre-2020-12-31_AjustesPorPeriodificaciones" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperations_3ebdb62c-224c-4aef-b8dd-141edb263c1f_totalLabel_es" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperations" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cash flows from (used in) operations</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperations" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperations" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_OtherTaxLiabilities_2ea40158-0e0f-4a5f-a8ea-70fbce460348_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_OtherTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otras deudas fiscales</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherTaxLiabilities_label_es" xlink:label="lab_mapfre-2020-12-31_OtherTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other tax liabilities</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherTaxLiabilities_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtherTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">El importe de otras deudas fiscales.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_OtherTaxLiabilities" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_OtherTaxLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtherTaxLiabilities" xlink:to="lab_mapfre-2020-12-31_OtherTaxLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ValuationChangeAdjustments_d4c0e494-1421-4a93-a3a5-e5161faf409f_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_ValuationChangeAdjustments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Ajustes por cambios de valor</link:label>
    <link:label id="lab_mapfre-2020-12-31_ValuationChangeAdjustments_label_es" xlink:label="lab_mapfre-2020-12-31_ValuationChangeAdjustments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Valuation change adjustments</link:label>
    <link:label id="lab_mapfre-2020-12-31_ValuationChangeAdjustments_documentation_es" xlink:label="lab_mapfre-2020-12-31_ValuationChangeAdjustments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Se incluyen las reservas de patrimonio surgidas como consecuencia de los ingresos y gastos reconocidos en cada ejercicio que, de acuerdo con IFRS, deben registrarse en las cuentas de patrimonio del Grupo.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ValuationChangeAdjustments" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ValuationChangeAdjustments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ValuationChangeAdjustments" xlink:to="lab_mapfre-2020-12-31_ValuationChangeAdjustments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToAbstract_714df098-035e-47ed-b356-e2f159316e56_terseLabel_es" xlink:label="lab_ifrs-full_ProfitLossAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Profit (loss), attributable to [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToAbstract" xlink:to="lab_ifrs-full_ProfitLossAttributableToAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_InvestmentExpensesFromEquityAndFinancialAccounts_e96bc661-89df-4068-9a81-65d78cc58c80_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_InvestmentExpensesFromEquityAndFinancialAccounts" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Gastos de las inversiones- De patrimonio y de cuentas financieras</link:label>
    <link:label id="lab_mapfre-2020-12-31_InvestmentExpensesFromEquityAndFinancialAccounts_label_es" xlink:label="lab_mapfre-2020-12-31_InvestmentExpensesFromEquityAndFinancialAccounts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Investment expenses - From equity and financial accounts</link:label>
    <link:label id="lab_mapfre-2020-12-31_InvestmentExpensesFromEquityAndFinancialAccounts_documentation_es" xlink:label="lab_mapfre-2020-12-31_InvestmentExpensesFromEquityAndFinancialAccounts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de gastos de inversiones de patrimonio y de cuentas financieras</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_InvestmentExpensesFromEquityAndFinancialAccounts" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_InvestmentExpensesFromEquityAndFinancialAccounts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_InvestmentExpensesFromEquityAndFinancialAccounts" xlink:to="lab_mapfre-2020-12-31_InvestmentExpensesFromEquityAndFinancialAccounts" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAndLiabilities_e3f865b9-de18-4970-86c0-36e425e75bf9_totalLabel_es" xlink:label="lab_ifrs-full_EquityAndLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Equity and liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAndLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAndLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAndLiabilities" xlink:to="lab_ifrs-full_EquityAndLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ReversalOfAssetImpairmentProvisionOtherActivities_9303acfd-b293-478b-a36d-3392bda88823_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_ReversalOfAssetImpairmentProvisionOtherActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Reversión provisión deterioro de activos</link:label>
    <link:label id="lab_mapfre-2020-12-31_ReversalOfAssetImpairmentProvisionOtherActivities_label_es" xlink:label="lab_mapfre-2020-12-31_ReversalOfAssetImpairmentProvisionOtherActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Reversal of asset impairment provision – Other activities</link:label>
    <link:label id="lab_mapfre-2020-12-31_ReversalOfAssetImpairmentProvisionOtherActivities_documentation_es" xlink:label="lab_mapfre-2020-12-31_ReversalOfAssetImpairmentProvisionOtherActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de reversión provisión deterioro de activos</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ReversalOfAssetImpairmentProvisionOtherActivities" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ReversalOfAssetImpairmentProvisionOtherActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ReversalOfAssetImpairmentProvisionOtherActivities" xlink:to="lab_mapfre-2020-12-31_ReversalOfAssetImpairmentProvisionOtherActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_PremiumsFromAcceptedReinsurance_1923d378-e583-4aa2-ac88-885f9e341e7f_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_PremiumsFromAcceptedReinsurance" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Primas reaseguro aceptado</link:label>
    <link:label id="lab_mapfre-2020-12-31_PremiumsFromAcceptedReinsurance_label_es" xlink:label="lab_mapfre-2020-12-31_PremiumsFromAcceptedReinsurance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Premiums from accepted reinsurance</link:label>
    <link:label id="lab_mapfre-2020-12-31_PremiumsFromAcceptedReinsurance_documentation_es" xlink:label="lab_mapfre-2020-12-31_PremiumsFromAcceptedReinsurance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">El importe de las primas procedentes del negocio del reaseguro aceptado</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_PremiumsFromAcceptedReinsurance" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_PremiumsFromAcceptedReinsurance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_PremiumsFromAcceptedReinsurance" xlink:to="lab_mapfre-2020-12-31_PremiumsFromAcceptedReinsurance" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_SumOfOtherCashFlowsFromOperatingActivity_4d861301-2c69-4843-9657-8a0070cf10e5_totalLabel_es" xlink:label="lab_mapfre-2020-12-31_SumOfOtherCashFlowsFromOperatingActivity" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Suma de Otras actividades de explotación</link:label>
    <link:label id="lab_mapfre-2020-12-31_SumOfOtherCashFlowsFromOperatingActivity_label_es" xlink:label="lab_mapfre-2020-12-31_SumOfOtherCashFlowsFromOperatingActivity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Sum of other cash flows from operating activity</link:label>
    <link:label id="lab_mapfre-2020-12-31_SumOfOtherCashFlowsFromOperatingActivity_documentation_es" xlink:label="lab_mapfre-2020-12-31_SumOfOtherCashFlowsFromOperatingActivity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Sum of other cash flows from operating activity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_SumOfOtherCashFlowsFromOperatingActivity" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_SumOfOtherCashFlowsFromOperatingActivity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_SumOfOtherCashFlowsFromOperatingActivity" xlink:to="lab_mapfre-2020-12-31_SumOfOtherCashFlowsFromOperatingActivity" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfChangesInEquityTable_a9959c36-df38-4ef4-9d72-485431f14959_terseLabel_es" xlink:label="lab_ifrs-full_StatementOfChangesInEquityTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Statement of changes in equity [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfChangesInEquityTable" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatementOfChangesInEquityTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfChangesInEquityTable" xlink:to="lab_ifrs-full_StatementOfChangesInEquityTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RepaymentsOfSubordinatedLiabilities_98d84636-1798-4a75-94c4-6532b1737865_negatedTerseLabel_es" xlink:label="lab_ifrs-full_RepaymentsOfSubordinatedLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Repayments of subordinated liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RepaymentsOfSubordinatedLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RepaymentsOfSubordinatedLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RepaymentsOfSubordinatedLiabilities" xlink:to="lab_ifrs-full_RepaymentsOfSubordinatedLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DilutedEarningsPerShareAbstract_9e54c41e-caaf-4553-96fc-5b6615f6bb81_terseLabel_es" xlink:label="lab_ifrs-full_DilutedEarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Diluted earnings per share [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DilutedEarningsPerShareAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DilutedEarningsPerShareAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DilutedEarningsPerShareAbstract" xlink:to="lab_ifrs-full_DilutedEarningsPerShareAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Assets_b8b8ef28-b854-4a9a-9b81-55f6d6f946cc_totalLabel_es" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Assets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Assets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Assets" xlink:to="lab_ifrs-full_Assets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DividendsPaid_5aa7433a-715a-4820-ad1a-8e9df2f2edac_negatedTerseLabel_es" xlink:label="lab_ifrs-full_DividendsPaid" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Dividends recognised as distributions to owners</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaid" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsPaid"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaid" xlink:to="lab_ifrs-full_DividendsPaid" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ProceedsFromEquityInstruments_dd7b0461-0a3d-46bb-ad27-8141cdfc6475_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_ProceedsFromEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cobros procedentes de instrumentos de patrimonio</link:label>
    <link:label id="lab_mapfre-2020-12-31_ProceedsFromEquityInstruments_label_es" xlink:label="lab_mapfre-2020-12-31_ProceedsFromEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Proceeds from equity instruments</link:label>
    <link:label id="lab_mapfre-2020-12-31_ProceedsFromEquityInstruments_documentation_es" xlink:label="lab_mapfre-2020-12-31_ProceedsFromEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de efectivo procedente de instrumentos de patrimonio</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ProceedsFromEquityInstruments" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ProceedsFromEquityInstruments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ProceedsFromEquityInstruments" xlink:to="lab_mapfre-2020-12-31_ProceedsFromEquityInstruments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_fc785fe4-8dc5-4b42-96c9-0144c0a207c9_terseLabel_es" xlink:label="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Profit (loss), attributable to non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:to="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherIncome_09873b9d-14f5-4e54-a09b-2d9eb74b19fc_terseLabel_es" xlink:label="lab_ifrs-full_OtherIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otros ingresos</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherIncome" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherIncome" xlink:to="lab_ifrs-full_OtherIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsDirectInsurance_28cf8e93-f24f-400c-8013-0c829d25dd11_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsDirectInsurance" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Prestaciones pagadas - Seguro directo</link:label>
    <link:label id="lab_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsDirectInsurance_label_es" xlink:label="lab_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsDirectInsurance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Claims paid and variation in provision for claims - Direct insurance</link:label>
    <link:label id="lab_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsDirectInsurance_documentation_es" xlink:label="lab_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsDirectInsurance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">El importe de las reclamaciones pagadas y la variación de la provisión para reclamaciones de seguro directo</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsDirectInsurance" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsDirectInsurance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsDirectInsurance" xlink:to="lab_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsDirectInsurance" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComponentsOfEquityAxis_80a3cb47-38e7-469a-81be-b3693e3c920a_terseLabel_es" xlink:label="lab_ifrs-full_ComponentsOfEquityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Components of equity [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComponentsOfEquityAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComponentsOfEquityAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfEquityAxis" xlink:to="lab_ifrs-full_ComponentsOfEquityAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksCededReinsurance_daa16e10-c8da-4ff0-838d-08278eadd1dd_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksCededReinsurance" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Variación de las provisiones para primas y riesgos en curso, netas- Reaseguro cedido</link:label>
    <link:label id="lab_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksCededReinsurance_label_es" xlink:label="lab_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksCededReinsurance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Variations in provisions for unearned premiums and unexpired risks - Ceded Reinsurance</link:label>
    <link:label id="lab_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksCededReinsurance_documentation_es" xlink:label="lab_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksCededReinsurance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Aumento/disminución de las provisiones para primas no consumidas procedentes del reaseguro cedido</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksCededReinsurance" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksCededReinsurance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksCededReinsurance" xlink:to="lab_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksCededReinsurance" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_PositiveForeignExchangeDifferences_3e600682-4c12-4514-9390-58cd93f4fe51_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_PositiveForeignExchangeDifferences" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Diferencias positivas de cambio</link:label>
    <link:label id="lab_mapfre-2020-12-31_PositiveForeignExchangeDifferences_label_es" xlink:label="lab_mapfre-2020-12-31_PositiveForeignExchangeDifferences" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Positive foreign exchange differences</link:label>
    <link:label id="lab_mapfre-2020-12-31_PositiveForeignExchangeDifferences_documentation_es" xlink:label="lab_mapfre-2020-12-31_PositiveForeignExchangeDifferences" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de diferencias de cambio de divisas que dan un resultado positivo</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_PositiveForeignExchangeDifferences" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_PositiveForeignExchangeDifferences"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_PositiveForeignExchangeDifferences" xlink:to="lab_mapfre-2020-12-31_PositiveForeignExchangeDifferences" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities_634aba12-fdb6-4bd8-98b4-d48d632c2523_terseLabel_es" xlink:label="lab_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cobros de instrumentos financieros</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ResultsForTheYearAttributableToControllingCompanyMember_95d63353-baf8-4466-9bd3-06ca13725a98_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_ResultsForTheYearAttributableToControllingCompanyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Resultado atribuible a los propietarios de la dominante</link:label>
    <link:label id="lab_mapfre-2020-12-31_ResultsForTheYearAttributableToControllingCompanyMember_label_es" xlink:label="lab_mapfre-2020-12-31_ResultsForTheYearAttributableToControllingCompanyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Results for the year attributable to controlling company [Member]</link:label>
    <link:label id="lab_mapfre-2020-12-31_ResultsForTheYearAttributableToControllingCompanyMember_documentation_es" xlink:label="lab_mapfre-2020-12-31_ResultsForTheYearAttributableToControllingCompanyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de resultado atribuible a los propietarios de la dominante</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ResultsForTheYearAttributableToControllingCompanyMember" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ResultsForTheYearAttributableToControllingCompanyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ResultsForTheYearAttributableToControllingCompanyMember" xlink:to="lab_mapfre-2020-12-31_ResultsForTheYearAttributableToControllingCompanyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ShareInLossesFromEquityAccountedCompanies_9805882a-77be-49af-aaf9-45b36c06fa81_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_ShareInLossesFromEquityAccountedCompanies" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Participación en pérdidas de sociedades puestas en equivalencia</link:label>
    <link:label id="lab_mapfre-2020-12-31_ShareInLossesFromEquityAccountedCompanies_label_es" xlink:label="lab_mapfre-2020-12-31_ShareInLossesFromEquityAccountedCompanies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Share in losses from equity-accounted companies</link:label>
    <link:label id="lab_mapfre-2020-12-31_ShareInLossesFromEquityAccountedCompanies_documentation_es" xlink:label="lab_mapfre-2020-12-31_ShareInLossesFromEquityAccountedCompanies" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de participación de sociedades puestas en equivalencia</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ShareInLossesFromEquityAccountedCompanies" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ShareInLossesFromEquityAccountedCompanies"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ShareInLossesFromEquityAccountedCompanies" xlink:to="lab_mapfre-2020-12-31_ShareInLossesFromEquityAccountedCompanies" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_ad055fa0-5045-4170-80da-bc46ab4b2883_negatedTerseLabel_es" xlink:label="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Purchase of property, plant and equipment, classified as investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_SumOfOtherVariationInEquity_2f347c56-c8f0-45ff-9941-1c6ddeb30cf4_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_SumOfOtherVariationInEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Suma de Otras variaciones de Patrimonio Neto</link:label>
    <link:label id="lab_mapfre-2020-12-31_SumOfOtherVariationInEquity_label_es" xlink:label="lab_mapfre-2020-12-31_SumOfOtherVariationInEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Sum of other variation in equity</link:label>
    <link:label id="lab_mapfre-2020-12-31_SumOfOtherVariationInEquity_documentation_es" xlink:label="lab_mapfre-2020-12-31_SumOfOtherVariationInEquity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Sum of other variation in equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_SumOfOtherVariationInEquity" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_SumOfOtherVariationInEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_SumOfOtherVariationInEquity" xlink:to="lab_mapfre-2020-12-31_SumOfOtherVariationInEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_6a24105c-4466-4a35-bcb6-ced5eb7e5064_terseLabel_es" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Reserva de diferencias de cambio en la conversión [miembro]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:to="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslation_5e5bc225-a646-4f78-be2b-6f542b074854_terseLabel_es" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Reserva de diferencias de cambio en la conversión</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:to="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsBeforeTax_5c2f7193-294d-40d1-b6e3-010c435d39fa_negatedTerseLabel_es" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsBeforeTax" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Reclassification adjustments on available-for-sale financial assets, before tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsBeforeTax" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsBeforeTax" xlink:to="lab_ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ShareInProfitsFromEquityAccountedCompaniesOtherActivities_cf3cfd3a-6bf3-4fdb-b847-6b9709b0fc6e_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_ShareInProfitsFromEquityAccountedCompaniesOtherActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Participación en beneficios de sociedades puestas en equivalencia</link:label>
    <link:label id="lab_mapfre-2020-12-31_ShareInProfitsFromEquityAccountedCompaniesOtherActivities_label_es" xlink:label="lab_mapfre-2020-12-31_ShareInProfitsFromEquityAccountedCompaniesOtherActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Share in profits from equity-accounted companies - Other activities</link:label>
    <link:label id="lab_mapfre-2020-12-31_ShareInProfitsFromEquityAccountedCompaniesOtherActivities_documentation_es" xlink:label="lab_mapfre-2020-12-31_ShareInProfitsFromEquityAccountedCompaniesOtherActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de participación en beneficios de sociedades puestas en equivalencia</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ShareInProfitsFromEquityAccountedCompaniesOtherActivities" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ShareInProfitsFromEquityAccountedCompaniesOtherActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ShareInProfitsFromEquityAccountedCompaniesOtherActivities" xlink:to="lab_mapfre-2020-12-31_ShareInProfitsFromEquityAccountedCompaniesOtherActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_DepositsEstablishedForAcceptedReinsurance_b6f7c467-b873-4d4d-a82a-4dcd12fdaf2b_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_DepositsEstablishedForAcceptedReinsurance" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Depósitos constituidos por reaseguro aceptado</link:label>
    <link:label id="lab_mapfre-2020-12-31_DepositsEstablishedForAcceptedReinsurance_label_es" xlink:label="lab_mapfre-2020-12-31_DepositsEstablishedForAcceptedReinsurance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Deposits established for accepted reinsurance</link:label>
    <link:label id="lab_mapfre-2020-12-31_DepositsEstablishedForAcceptedReinsurance_documentation_es" xlink:label="lab_mapfre-2020-12-31_DepositsEstablishedForAcceptedReinsurance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Garantías de aseguradores recividas de contratos de reaseguro de conformidad con las prácticas comerciales habituales.</link:label>
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    <link:label id="lab_mapfre-2020-12-31_ParticipacionDelReaseguroEnLasProvisionesTecnicas_27822414-5427-4d23-af42-ddb1a0d21c54_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_ParticipacionDelReaseguroEnLasProvisionesTecnicas" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Participación del reaseguro en las provisiones técnicas</link:label>
    <link:label id="lab_mapfre-2020-12-31_ParticipacionDelReaseguroEnLasProvisionesTecnicas_label_es" xlink:label="lab_mapfre-2020-12-31_ParticipacionDelReaseguroEnLasProvisionesTecnicas" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Participacion del reaseguro en las provisiones tecnicas</link:label>
    <link:label id="lab_mapfre-2020-12-31_ParticipacionDelReaseguroEnLasProvisionesTecnicas_documentation_es" xlink:label="lab_mapfre-2020-12-31_ParticipacionDelReaseguroEnLasProvisionesTecnicas" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Participacion del reaseguro en las provisiones tecnicas</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ParticipacionDelReaseguroEnLasProvisionesTecnicas" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ParticipacionDelReaseguroEnLasProvisionesTecnicas"/>
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    <link:label id="lab_ifrs-full_OtherFinancialAssets_b386887a-b278-4994-a920-dfaea445eb69_terseLabel_es" xlink:label="lab_ifrs-full_OtherFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other financial assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherFinancialAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherFinancialAssets" xlink:to="lab_ifrs-full_OtherFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InflowsOfCashFromInvestingActivities_e0ff55ff-f8a8-4968-a942-06ab37d71a1e_totalLabel_es" xlink:label="lab_ifrs-full_InflowsOfCashFromInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Suma de cobros de actividades de las actividades de inversión</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InflowsOfCashFromInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InflowsOfCashFromInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InflowsOfCashFromInvestingActivities" xlink:to="lab_ifrs-full_InflowsOfCashFromInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_esef_cor_ItemsAreFurtherDetailedInSection800400StatementOfChangesInEquityAdditionalDisclosures_4146b356-60ec-403a-aba8-fceb6d9b3ca0_terseLabel_es" xlink:label="lab_esef_cor_ItemsAreFurtherDetailedInSection800400StatementOfChangesInEquityAdditionalDisclosures" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Items are further detailed in section [800400] Statement of changes in equity, additional disclosures</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_esef_cor_ItemsAreFurtherDetailedInSection800400StatementOfChangesInEquityAdditionalDisclosures" xlink:href="http://www.esma.europa.eu/taxonomy/2020-03-16/esef_cor.xsd#esef_cor_ItemsAreFurtherDetailedInSection800400StatementOfChangesInEquityAdditionalDisclosures"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_esef_cor_ItemsAreFurtherDetailedInSection800400StatementOfChangesInEquityAdditionalDisclosures" xlink:to="lab_esef_cor_ItemsAreFurtherDetailedInSection800400StatementOfChangesInEquityAdditionalDisclosures" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_OtherTechnicalRevenue_f2404d0a-3035-424b-87c6-823578fecca2_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_OtherTechnicalRevenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otros ingresos técnicos</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherTechnicalRevenue_label_es" xlink:label="lab_mapfre-2020-12-31_OtherTechnicalRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other technical revenue</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherTechnicalRevenue_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtherTechnicalRevenue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">El importe de otros ingresos procedentes del negocio de los seguros, no reconocidos en otras cuentas.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_OtherTechnicalRevenue" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_OtherTechnicalRevenue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtherTechnicalRevenue" xlink:to="lab_mapfre-2020-12-31_OtherTechnicalRevenue" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromSalesOfInterestsInAssociates_8d869f24-5bfa-4fa4-840c-6a19152a6034_terseLabel_es" xlink:label="lab_ifrs-full_ProceedsFromSalesOfInterestsInAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Proceeds from sales of interests in associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromSalesOfInterestsInAssociates" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromSalesOfInterestsInAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromSalesOfInterestsInAssociates" xlink:to="lab_ifrs-full_ProceedsFromSalesOfInterestsInAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_SumOfDebtsLiabilities_1a1d9d43-2742-4fdd-becc-7a04159ee1e2_totalLabel_es" xlink:label="lab_mapfre-2020-12-31_SumOfDebtsLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Suma de Deuda (pasivo)</link:label>
    <link:label id="lab_mapfre-2020-12-31_SumOfDebtsLiabilities_label_es" xlink:label="lab_mapfre-2020-12-31_SumOfDebtsLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Sum of Debts (Liabilities)</link:label>
    <link:label id="lab_mapfre-2020-12-31_SumOfDebtsLiabilities_documentation_es" xlink:label="lab_mapfre-2020-12-31_SumOfDebtsLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Sum of Debts (Liabilities)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_SumOfDebtsLiabilities" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_SumOfDebtsLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_SumOfDebtsLiabilities" xlink:to="lab_mapfre-2020-12-31_SumOfDebtsLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ResultOnRestatementsOfFinancialAccountsProfitAndLoss_6b291f06-1deb-4955-9640-29a96d5a438a_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_ResultOnRestatementsOfFinancialAccountsProfitAndLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Resultado por reexpresión de estados financieros (pérdidas y ganancias)</link:label>
    <link:label id="lab_mapfre-2020-12-31_ResultOnRestatementsOfFinancialAccountsProfitAndLoss_label_es" xlink:label="lab_mapfre-2020-12-31_ResultOnRestatementsOfFinancialAccountsProfitAndLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Result on restatements of financial accounts (profit and loss)</link:label>
    <link:label id="lab_mapfre-2020-12-31_ResultOnRestatementsOfFinancialAccountsProfitAndLoss_documentation_es" xlink:label="lab_mapfre-2020-12-31_ResultOnRestatementsOfFinancialAccountsProfitAndLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de resultado por reexpresión de estados financieros</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ResultOnRestatementsOfFinancialAccountsProfitAndLoss" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ResultOnRestatementsOfFinancialAccountsProfitAndLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ResultOnRestatementsOfFinancialAccountsProfitAndLoss" xlink:to="lab_mapfre-2020-12-31_ResultOnRestatementsOfFinancialAccountsProfitAndLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_IncreaseDecreaseDueToCorrectionsOfPriorPeriodErrors_0a774714-ea71-4ebb-9d30-54d0924c04b9_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_IncreaseDecreaseDueToCorrectionsOfPriorPeriodErrors" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Ajustes por correción de errores</link:label>
    <link:label id="lab_mapfre-2020-12-31_IncreaseDecreaseDueToCorrectionsOfPriorPeriodErrors_label_es" xlink:label="lab_mapfre-2020-12-31_IncreaseDecreaseDueToCorrectionsOfPriorPeriodErrors" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Increase (decrease) due to corrections of prior period errors</link:label>
    <link:label id="lab_mapfre-2020-12-31_IncreaseDecreaseDueToCorrectionsOfPriorPeriodErrors_documentation_es" xlink:label="lab_mapfre-2020-12-31_IncreaseDecreaseDueToCorrectionsOfPriorPeriodErrors" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Efecto financiero de las correcciones de errores del período anterior.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_IncreaseDecreaseDueToCorrectionsOfPriorPeriodErrors" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_IncreaseDecreaseDueToCorrectionsOfPriorPeriodErrors"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_IncreaseDecreaseDueToCorrectionsOfPriorPeriodErrors" xlink:to="lab_mapfre-2020-12-31_IncreaseDecreaseDueToCorrectionsOfPriorPeriodErrors" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract_3faa15d9-a02d-4678-a13b-f6d5a6a9240f_terseLabel_es" xlink:label="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Statement of comprehensive income placeholder - this item MUST be used as a starting point for the statement of comprehensive income if it is disclosed separately or when the statement of profit or loss and other comprehensive income statements are combined in a single statement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatementOfComprehensiveIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:to="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchaseOfInterestsInAssociates_4c6386d7-5aa4-42ae-bc59-f665ad90d275_negatedTerseLabel_es" xlink:label="lab_ifrs-full_PurchaseOfInterestsInAssociates" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Purchase of interests in associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfInterestsInAssociates" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PurchaseOfInterestsInAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfInterestsInAssociates" xlink:to="lab_ifrs-full_PurchaseOfInterestsInAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BasicEarningsLossPerShareFromContinuingOperations_a092d0fa-868e-4194-a99d-6dd4630d4f63_terseLabel_es" xlink:label="lab_ifrs-full_BasicEarningsLossPerShareFromContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Basic earnings (loss) per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BasicEarningsLossPerShareFromContinuingOperations" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BasicEarningsLossPerShareFromContinuingOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BasicEarningsLossPerShareFromContinuingOperations" xlink:to="lab_ifrs-full_BasicEarningsLossPerShareFromContinuingOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_InvestmentExpensesFromOperations_86dd7925-67dd-4128-aa8b-5b711749dc2a_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_InvestmentExpensesFromOperations" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Gastos de las inversiones- De operaciones</link:label>
    <link:label id="lab_mapfre-2020-12-31_InvestmentExpensesFromOperations_label_es" xlink:label="lab_mapfre-2020-12-31_InvestmentExpensesFromOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Investment expenses - From operations</link:label>
    <link:label id="lab_mapfre-2020-12-31_InvestmentExpensesFromOperations_documentation_es" xlink:label="lab_mapfre-2020-12-31_InvestmentExpensesFromOperations" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de gastos de inversión provenientes de las operaciones</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_InvestmentExpensesFromOperations" xlink:to="lab_mapfre-2020-12-31_InvestmentExpensesFromOperations" xlink:type="arc" order="1"/>
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    <link:label id="lab_ifrs-full_LiabilitiesAbstract_ba27122c-0da4-4f57-b061-ca4cf1256311_terseLabel_es" xlink:label="lab_ifrs-full_LiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesAbstract" xlink:to="lab_ifrs-full_LiabilitiesAbstract" xlink:type="arc" order="1"/>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialEffectOfChangesInAccountingPolicyMember" xlink:to="lab_ifrs-full_FinancialEffectOfChangesInAccountingPolicyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract_4c84fee8-f87c-4854-a214-1d5f760d2ce3_terseLabel_es" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Comprehensive income attributable to [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncomeAttributableToAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:to="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_AllowanceToTheAssetImpairmentProvisionOtherActivities_28b76f38-842f-4704-ac00-2ac5e3b7ff12_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_AllowanceToTheAssetImpairmentProvisionOtherActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Dotación provisión deterioro de activos</link:label>
    <link:label id="lab_mapfre-2020-12-31_AllowanceToTheAssetImpairmentProvisionOtherActivities_label_es" xlink:label="lab_mapfre-2020-12-31_AllowanceToTheAssetImpairmentProvisionOtherActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Allowance to the asset impairment provision – Other activities</link:label>
    <link:label id="lab_mapfre-2020-12-31_AllowanceToTheAssetImpairmentProvisionOtherActivities_documentation_es" xlink:label="lab_mapfre-2020-12-31_AllowanceToTheAssetImpairmentProvisionOtherActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de dotación a provisión por deterioro de activos</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_AllowanceToTheAssetImpairmentProvisionOtherActivities" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_AllowanceToTheAssetImpairmentProvisionOtherActivities"/>
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    <link:label id="lab_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsCededReinsurance_21911f61-078d-45f2-b1dd-b3f658f5dfe2_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsCededReinsurance" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Prestaciones pagadas- Reaseguro cedido</link:label>
    <link:label id="lab_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsCededReinsurance_label_es" xlink:label="lab_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsCededReinsurance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Claims paid and variation in provision for claims - Ceded Reinsurance</link:label>
    <link:label id="lab_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsCededReinsurance_documentation_es" xlink:label="lab_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsCededReinsurance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">El importe de las reclamaciones pagadas y la variación de la provisión para reclamaciones de reaseguro cedido</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsCededReinsurance" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsCededReinsurance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsCededReinsurance" xlink:to="lab_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsCededReinsurance" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_UnsecuredBankLoansReceived_d55305df-3dd0-4c5c-8834-14cd9922a32f_terseLabel_es" xlink:label="lab_ifrs-full_UnsecuredBankLoansReceived" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Unsecured bank loans received</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UnsecuredBankLoansReceived" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_UnsecuredBankLoansReceived"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnsecuredBankLoansReceived" xlink:to="lab_ifrs-full_UnsecuredBankLoansReceived" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherCashPaymentsFromOperatingActivities_86022cff-f39c-48c5-bab9-ba8a096589b7_negatedTerseLabel_es" xlink:label="lab_ifrs-full_OtherCashPaymentsFromOperatingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other cash payments from operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherCashPaymentsFromOperatingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCashPaymentsFromOperatingActivities"/>
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    <link:label id="lab_mapfre-2020-12-31_OtherProceedsRelatedToInvestmentActivities_72cba977-da13-4185-8136-b8158c1c39ec_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_OtherProceedsRelatedToInvestmentActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otros cobros relacionados con actividades de inversión</link:label>
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    <link:label id="lab_mapfre-2020-12-31_OtherProceedsRelatedToInvestmentActivities_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtherProceedsRelatedToInvestmentActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otros cobros relacionados con actividades de inversión.</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtherProceedsRelatedToInvestmentActivities" xlink:to="lab_mapfre-2020-12-31_OtherProceedsRelatedToInvestmentActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IssuedCapital_2897681a-4644-4cfc-96f2-b2c3ac3fb09a_terseLabel_es" xlink:label="lab_ifrs-full_IssuedCapital" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Capital emitido</link:label>
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    <link:label id="lab_ifrs-full_AssetsAbstract_3a129909-3e50-452a-afda-43ce0144bdfd_terseLabel_es" xlink:label="lab_ifrs-full_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Assets [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssetsAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssetsAbstract" xlink:to="lab_ifrs-full_AssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CountryOfIncorporation_28c583ad-93ea-450c-89b5-844d64ac95e1_terseLabel_es" xlink:label="lab_ifrs-full_CountryOfIncorporation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Country of incorporation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CountryOfIncorporation" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CountryOfIncorporation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CountryOfIncorporation" xlink:to="lab_ifrs-full_CountryOfIncorporation" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_PaymentsOnReturnOfShareholdersContributions_a27fc8fd-5141-4850-804d-34f48bf8e42d_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_PaymentsOnReturnOfShareholdersContributions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Adquisición de valores propios</link:label>
    <link:label id="lab_mapfre-2020-12-31_PaymentsOnReturnOfShareholdersContributions_label_es" xlink:label="lab_mapfre-2020-12-31_PaymentsOnReturnOfShareholdersContributions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Payments on return of shareholders' contributions</link:label>
    <link:label id="lab_mapfre-2020-12-31_PaymentsOnReturnOfShareholdersContributions_documentation_es" xlink:label="lab_mapfre-2020-12-31_PaymentsOnReturnOfShareholdersContributions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">El importe de la adquisición de valores propios</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_PaymentsOnReturnOfShareholdersContributions" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_PaymentsOnReturnOfShareholdersContributions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_PaymentsOnReturnOfShareholdersContributions" xlink:to="lab_mapfre-2020-12-31_PaymentsOnReturnOfShareholdersContributions" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ProfitSharingAndReturnedPremiums_d7d48e1c-5366-4c4a-873e-ee06071477d8_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_ProfitSharingAndReturnedPremiums" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Participación en beneficios y extornos</link:label>
    <link:label id="lab_mapfre-2020-12-31_ProfitSharingAndReturnedPremiums_label_es" xlink:label="lab_mapfre-2020-12-31_ProfitSharingAndReturnedPremiums" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Profit sharing and returned premiums</link:label>
    <link:label id="lab_mapfre-2020-12-31_ProfitSharingAndReturnedPremiums_documentation_es" xlink:label="lab_mapfre-2020-12-31_ProfitSharingAndReturnedPremiums" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de participación en beneficios y extornos</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ProfitSharingAndReturnedPremiums" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ProfitSharingAndReturnedPremiums"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ProfitSharingAndReturnedPremiums" xlink:to="lab_mapfre-2020-12-31_ProfitSharingAndReturnedPremiums" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_RevenueFromInvestmentsFromEquityAndFinancialAccounts_5fc201e6-4fd8-4e2e-87c4-f7cbf6c08d77_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_RevenueFromInvestmentsFromEquityAndFinancialAccounts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Ingreso de las inversiones- De patrimonio</link:label>
    <link:label id="lab_mapfre-2020-12-31_RevenueFromInvestmentsFromEquityAndFinancialAccounts_label_es" xlink:label="lab_mapfre-2020-12-31_RevenueFromInvestmentsFromEquityAndFinancialAccounts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Revenue from investments - From equity and financial accounts</link:label>
    <link:label id="lab_mapfre-2020-12-31_RevenueFromInvestmentsFromEquityAndFinancialAccounts_documentation_es" xlink:label="lab_mapfre-2020-12-31_RevenueFromInvestmentsFromEquityAndFinancialAccounts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">El ingreso de las inversiones de patrimonio</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_RevenueFromInvestmentsFromEquityAndFinancialAccounts" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_RevenueFromInvestmentsFromEquityAndFinancialAccounts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_RevenueFromInvestmentsFromEquityAndFinancialAccounts" xlink:to="lab_mapfre-2020-12-31_RevenueFromInvestmentsFromEquityAndFinancialAccounts" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAbstract_80d5e0eb-bb50-47bf-a554-cd9bd92c9265_terseLabel_es" xlink:label="lab_ifrs-full_ProfitLossAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Profit (loss) [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAbstract" xlink:to="lab_ifrs-full_ProfitLossAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IssuedCapitalMember_09272e1b-8f7e-4046-9a7a-84654052eb7a_terseLabel_es" xlink:label="lab_ifrs-full_IssuedCapitalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Capital emitido [miembro]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapitalMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IssuedCapitalMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IssuedCapitalMember" xlink:to="lab_ifrs-full_IssuedCapitalMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_f7ff09ee-8cda-48c7-9f1a-1a169eba2719_terseLabel_es" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Financial assets at fair value through profit or loss, classified as held for trading</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PrincipalPlaceOfBusiness_cbb8ada1-71c7-41c8-891c-74319f7b10ae_terseLabel_es" xlink:label="lab_ifrs-full_PrincipalPlaceOfBusiness" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Principal place of business</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PrincipalPlaceOfBusiness" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PrincipalPlaceOfBusiness"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PrincipalPlaceOfBusiness" xlink:to="lab_ifrs-full_PrincipalPlaceOfBusiness" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ShareholdersCalledCapital_f099e792-26c0-421b-a6d8-576b2e6d4c5f_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_ShareholdersCalledCapital" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Accionistas por desembolsos exigidos</link:label>
    <link:label id="lab_mapfre-2020-12-31_ShareholdersCalledCapital_label_es" xlink:label="lab_mapfre-2020-12-31_ShareholdersCalledCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Shareholders, called capital</link:label>
    <link:label id="lab_mapfre-2020-12-31_ShareholdersCalledCapital_documentation_es" xlink:label="lab_mapfre-2020-12-31_ShareholdersCalledCapital" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de accionistas por desembolsos exigidos.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ShareholdersCalledCapital" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ShareholdersCalledCapital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ShareholdersCalledCapital" xlink:to="lab_mapfre-2020-12-31_ShareholdersCalledCapital" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_SumOfOtherCashPaymentFromFinancingActivities_65dd163d-7003-4321-9a1a-9c6d7725d09b_negatedTotalLabel_es" xlink:label="lab_mapfre-2020-12-31_SumOfOtherCashPaymentFromFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Suma de Pagos de actividades de financiación</link:label>
    <link:label id="lab_mapfre-2020-12-31_SumOfOtherCashPaymentFromFinancingActivities_label_es" xlink:label="lab_mapfre-2020-12-31_SumOfOtherCashPaymentFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Sum of other cash payment from financing activities</link:label>
    <link:label id="lab_mapfre-2020-12-31_SumOfOtherCashPaymentFromFinancingActivities_documentation_es" xlink:label="lab_mapfre-2020-12-31_SumOfOtherCashPaymentFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Sum of other cash payment from financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_SumOfOtherCashPaymentFromFinancingActivities" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_SumOfOtherCashPaymentFromFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_SumOfOtherCashPaymentFromFinancingActivities" xlink:to="lab_mapfre-2020-12-31_SumOfOtherCashPaymentFromFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_SumOfProceedFromFinancingActivities_dd6fd95b-1c78-4c1d-913e-fdb0f844ca9d_totalLabel_es" xlink:label="lab_mapfre-2020-12-31_SumOfProceedFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Suma de Cobros de actividades de financiación</link:label>
    <link:label id="lab_mapfre-2020-12-31_SumOfProceedFromFinancingActivities_label_es" xlink:label="lab_mapfre-2020-12-31_SumOfProceedFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Sum of proceed from financing activities</link:label>
    <link:label id="lab_mapfre-2020-12-31_SumOfProceedFromFinancingActivities_documentation_es" xlink:label="lab_mapfre-2020-12-31_SumOfProceedFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Sum of proceed from financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_SumOfProceedFromFinancingActivities" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_SumOfProceedFromFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_SumOfProceedFromFinancingActivities" xlink:to="lab_mapfre-2020-12-31_SumOfProceedFromFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_RevenueFromInvestmentsFromOperations_c25f9398-a2f2-49d3-8cf7-d78f4bef2166_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_RevenueFromInvestmentsFromOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Ingresos de las inversiones- De operaciones</link:label>
    <link:label id="lab_mapfre-2020-12-31_RevenueFromInvestmentsFromOperations_label_es" xlink:label="lab_mapfre-2020-12-31_RevenueFromInvestmentsFromOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Revenue from investments - From operations</link:label>
    <link:label id="lab_mapfre-2020-12-31_RevenueFromInvestmentsFromOperations_documentation_es" xlink:label="lab_mapfre-2020-12-31_RevenueFromInvestmentsFromOperations" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">El importe de los ingresos de las inversiones que vienen de las operaciones</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_RevenueFromInvestmentsFromOperations" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_RevenueFromInvestmentsFromOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_RevenueFromInvestmentsFromOperations" xlink:to="lab_mapfre-2020-12-31_RevenueFromInvestmentsFromOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_fe61df96-67fc-4d61-949f-44d5d3340c17_totalLabel_es" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otro resultado global que se reclasificará a resultados, neto de impuestos</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_CapitalIncreasesDecreases_9e7b2e72-7528-48b3-b6c0-1db0c615f9d0_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_CapitalIncreasesDecreases" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Aumentos/Reducciones de capital</link:label>
    <link:label id="lab_mapfre-2020-12-31_CapitalIncreasesDecreases_label_es" xlink:label="lab_mapfre-2020-12-31_CapitalIncreasesDecreases" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Capital increases (decreases)</link:label>
    <link:label id="lab_mapfre-2020-12-31_CapitalIncreasesDecreases_documentation_es" xlink:label="lab_mapfre-2020-12-31_CapitalIncreasesDecreases" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de aumento/dismunición de capital</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_CapitalIncreasesDecreases" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_CapitalIncreasesDecreases"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_CapitalIncreasesDecreases" xlink:to="lab_mapfre-2020-12-31_CapitalIncreasesDecreases" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ShareInProfitsFromEquityAccountedCompanies_299a1a6f-3ff7-42c3-8ca9-19beca1478c3_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_ShareInProfitsFromEquityAccountedCompanies" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Participación en beneficios de sociedades puestas en equivalencia</link:label>
    <link:label id="lab_mapfre-2020-12-31_ShareInProfitsFromEquityAccountedCompanies_label_es" xlink:label="lab_mapfre-2020-12-31_ShareInProfitsFromEquityAccountedCompanies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Share in profits from equity-accounted companies</link:label>
    <link:label id="lab_mapfre-2020-12-31_ShareInProfitsFromEquityAccountedCompanies_documentation_es" xlink:label="lab_mapfre-2020-12-31_ShareInProfitsFromEquityAccountedCompanies" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">El importe de la participación en los beneficios de las sociedades anónimas</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ShareInProfitsFromEquityAccountedCompanies" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ShareInProfitsFromEquityAccountedCompanies"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ShareInProfitsFromEquityAccountedCompanies" xlink:to="lab_mapfre-2020-12-31_ShareInProfitsFromEquityAccountedCompanies" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeAbstract_2a956305-7564-4a1a-928c-316a330d817b_terseLabel_es" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other comprehensive income [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinanceCosts_35ccfe73-4c83-4bb6-bcbf-ebe741272d8d_negatedTerseLabel_es" xlink:label="lab_ifrs-full_FinanceCosts" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Finance costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceCosts" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinanceCosts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceCosts" xlink:to="lab_ifrs-full_FinanceCosts" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_OtherPaymentsRelatedToInvestmentActivities_3865cfbb-5a04-45fd-8740-cab41bed7869_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_OtherPaymentsRelatedToInvestmentActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otros pagos relacionados con las actividades de inversión</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherPaymentsRelatedToInvestmentActivities_label_es" xlink:label="lab_mapfre-2020-12-31_OtherPaymentsRelatedToInvestmentActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other payments related to investment activities</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherPaymentsRelatedToInvestmentActivities_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtherPaymentsRelatedToInvestmentActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de efectivo pagada relacionada con las actividades de inversión</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_OtherPaymentsRelatedToInvestmentActivities" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_OtherPaymentsRelatedToInvestmentActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtherPaymentsRelatedToInvestmentActivities" xlink:to="lab_mapfre-2020-12-31_OtherPaymentsRelatedToInvestmentActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_01152bb9-afe5-475f-bc2f-6fa243698e9b_totalLabel_es" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipment" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipment" xlink:to="lab_ifrs-full_PropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ProvisionsForLifeInsurance_64de236b-47ef-4459-bfa9-b6a9763f7bcb_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_ProvisionsForLifeInsurance" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Provisiones de seguros de vida</link:label>
    <link:label id="lab_mapfre-2020-12-31_ProvisionsForLifeInsurance_label_es" xlink:label="lab_mapfre-2020-12-31_ProvisionsForLifeInsurance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Provisions for life insurance</link:label>
    <link:label id="lab_mapfre-2020-12-31_ProvisionsForLifeInsurance_documentation_es" xlink:label="lab_mapfre-2020-12-31_ProvisionsForLifeInsurance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Suma destinada a cubrir las responsabilidades derivadas de los contratos de seguro de vida.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ProvisionsForLifeInsurance" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ProvisionsForLifeInsurance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ProvisionsForLifeInsurance" xlink:to="lab_mapfre-2020-12-31_ProvisionsForLifeInsurance" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_OtrosIngresosReconocidos_d05061f3-858c-407a-ba66-5ff6fea8990a_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_OtrosIngresosReconocidos" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otros ingresos y gastos reconocidos</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtrosIngresosReconocidos_label_es" xlink:label="lab_mapfre-2020-12-31_OtrosIngresosReconocidos" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otros ingresos reconocidos</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtrosIngresosReconocidos_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtrosIngresosReconocidos" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otros ingresos reconocidos</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_OtrosIngresosReconocidos" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_OtrosIngresosReconocidos"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtrosIngresosReconocidos" xlink:to="lab_mapfre-2020-12-31_OtrosIngresosReconocidos" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParent_02e663b6-ac27-43a7-87e4-1ac6a1d0f2be_totalLabel_es" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Equity attributable to owners of parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAttributableToOwnersOfParent" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_EquityAttributableToOwnersOfParent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialEffectOfCorrectionsOfAccountingErrorsMember_c68c6a71-156c-480b-a3b5-ef78a80b0977_terseLabel_es" xlink:label="lab_ifrs-full_FinancialEffectOfCorrectionsOfAccountingErrorsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Increase (decrease) due to corrections of prior period errors [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialEffectOfCorrectionsOfAccountingErrorsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialEffectOfCorrectionsOfAccountingErrorsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialEffectOfCorrectionsOfAccountingErrorsMember" xlink:to="lab_ifrs-full_FinancialEffectOfCorrectionsOfAccountingErrorsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ClaimsRelatedExpenses_8b3a5242-e821-4765-9fa4-f1d2a598beaa_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_ClaimsRelatedExpenses" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Gastos imputables a las prestaciones</link:label>
    <link:label id="lab_mapfre-2020-12-31_ClaimsRelatedExpenses_label_es" xlink:label="lab_mapfre-2020-12-31_ClaimsRelatedExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Claims-related expenses</link:label>
    <link:label id="lab_mapfre-2020-12-31_ClaimsRelatedExpenses_documentation_es" xlink:label="lab_mapfre-2020-12-31_ClaimsRelatedExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Incluye todos los gastos necesarios que se deben realizar hasta la liquidación de la reclamación.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ClaimsRelatedExpenses" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ClaimsRelatedExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ClaimsRelatedExpenses" xlink:to="lab_mapfre-2020-12-31_ClaimsRelatedExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentTaxAssets_cc0b2363-b740-4408-8e21-f09af3a17b75_terseLabel_es" xlink:label="lab_ifrs-full_CurrentTaxAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Activos por impuesto corriente</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentTaxAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentTaxAssets" xlink:to="lab_ifrs-full_CurrentTaxAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DateOfEndOfReportingPeriod2013_df52c7e1-ecca-49ce-bbda-9e8e9720bbaa_terseLabel_es" xlink:label="lab_ifrs-full_DateOfEndOfReportingPeriod2013" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Fecha de cierre del ejercicio sobre el que se informa</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DateOfEndOfReportingPeriod2013" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DateOfEndOfReportingPeriod2013"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DateOfEndOfReportingPeriod2013" xlink:to="lab_ifrs-full_DateOfEndOfReportingPeriod2013" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_SumOfCashFlowsFromTheInsuranceActivities_8ee6c9ce-187e-4588-be47-c8e7798d2b36_totalLabel_es" xlink:label="lab_mapfre-2020-12-31_SumOfCashFlowsFromTheInsuranceActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Suma de Actividad Aseguradora</link:label>
    <link:label id="lab_mapfre-2020-12-31_SumOfCashFlowsFromTheInsuranceActivities_label_es" xlink:label="lab_mapfre-2020-12-31_SumOfCashFlowsFromTheInsuranceActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Sum of cash flows from the insurance activities</link:label>
    <link:label id="lab_mapfre-2020-12-31_SumOfCashFlowsFromTheInsuranceActivities_documentation_es" xlink:label="lab_mapfre-2020-12-31_SumOfCashFlowsFromTheInsuranceActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Sum of cash flows from the insurance activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_SumOfCashFlowsFromTheInsuranceActivities" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_SumOfCashFlowsFromTheInsuranceActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_SumOfCashFlowsFromTheInsuranceActivities" xlink:to="lab_mapfre-2020-12-31_SumOfCashFlowsFromTheInsuranceActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_f56feaf4-4e45-49cd-8c87-d565bee50079_terseLabel_es" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Resultado global, atribuible a propietarios de la dominante</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherPayables_30c5cfff-bdc4-4db2-b46f-49b8c0b8a865_terseLabel_es" xlink:label="lab_ifrs-full_OtherPayables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other payables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherPayables" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherPayables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherPayables" xlink:to="lab_ifrs-full_OtherPayables" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestReceivedClassifiedAsInvestingActivities_7bb10ac6-3bed-46f0-a2a7-708ab6fa43b4_terseLabel_es" xlink:label="lab_ifrs-full_InterestReceivedClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Interest received</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestReceivedClassifiedAsInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestReceivedClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestReceivedClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_InterestReceivedClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComprehensiveIncome_34df9c6d-1e65-432f-a1e7-09bf7db5671c_terseLabel_es" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncome" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncome" xlink:to="lab_ifrs-full_ComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_CommissionsAndParticipationInReinsurance_da7d8bc6-aa59-4702-85fa-8ec391187efd_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_CommissionsAndParticipationInReinsurance" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Comisiones y participación en el reaseguro</link:label>
    <link:label id="lab_mapfre-2020-12-31_CommissionsAndParticipationInReinsurance_label_es" xlink:label="lab_mapfre-2020-12-31_CommissionsAndParticipationInReinsurance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Commissions and participation in reinsurance</link:label>
    <link:label id="lab_mapfre-2020-12-31_CommissionsAndParticipationInReinsurance_documentation_es" xlink:label="lab_mapfre-2020-12-31_CommissionsAndParticipationInReinsurance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">El importe dee las comisiones y la participación provenientes de las operaciones de reaseguro</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_CommissionsAndParticipationInReinsurance" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_CommissionsAndParticipationInReinsurance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_CommissionsAndParticipationInReinsurance" xlink:to="lab_mapfre-2020-12-31_CommissionsAndParticipationInReinsurance" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Equity_2a03f5b7-76ea-40c7-9779-d361f76b1109_totalLabel_es" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Equity</link:label>
    <link:label id="lab_ifrs-full_Equity_2be99932-a583-4cf1-af7e-1f154b9faa32_periodStartLabel_es" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Equity at beginning of period</link:label>
    <link:label id="lab_ifrs-full_Equity_dfd440e0-c9bd-4c4e-85e3-ecb11f1326e0_periodEndLabel_es" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Equity at end of period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Equity" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Equity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Equity" xlink:to="lab_ifrs-full_Equity" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromSaleOrIssueOfTreasuryShares_87a340a3-dcff-4f32-bf98-595c25e9b645_terseLabel_es" xlink:label="lab_ifrs-full_ProceedsFromSaleOrIssueOfTreasuryShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Proceeds from sale or issue of treasury shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromSaleOrIssueOfTreasuryShares" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromSaleOrIssueOfTreasuryShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromSaleOrIssueOfTreasuryShares" xlink:to="lab_ifrs-full_ProceedsFromSaleOrIssueOfTreasuryShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill_543a8614-9900-4267-8378-5ac52b373f28_terseLabel_es" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Intangible assets other than goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_OtherComprehensiveIncomeChangeInValueFromAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeTax_11c0459e-a408-409d-9a2d-f57c09ef12f0_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_OtherComprehensiveIncomeChangeInValueFromAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otras reclasificaciones</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherComprehensiveIncomeChangeInValueFromAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeTax_label_es" xlink:label="lab_mapfre-2020-12-31_OtherComprehensiveIncomeChangeInValueFromAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other comprehensive income change in value from associates and joint ventures accounted for using equity method, before tax</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherComprehensiveIncomeChangeInValueFromAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeTax_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtherComprehensiveIncomeChangeInValueFromAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other comprehensive income change in value from associates and joint ventures accounted for using equity method, before tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_OtherComprehensiveIncomeChangeInValueFromAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeTax" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_OtherComprehensiveIncomeChangeInValueFromAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtherComprehensiveIncomeChangeInValueFromAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeTax" xlink:to="lab_mapfre-2020-12-31_OtherComprehensiveIncomeChangeInValueFromAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_SumOfTechnicalProvisionsLibilities_c2913aa1-731c-4218-a19c-4ffa76aa4d4e_totalLabel_es" xlink:label="lab_mapfre-2020-12-31_SumOfTechnicalProvisionsLibilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Suma de Provisiones técnicas</link:label>
    <link:label id="lab_mapfre-2020-12-31_SumOfTechnicalProvisionsLibilities_label_es" xlink:label="lab_mapfre-2020-12-31_SumOfTechnicalProvisionsLibilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Sum of technical provisions (libilities)</link:label>
    <link:label id="lab_mapfre-2020-12-31_SumOfTechnicalProvisionsLibilities_documentation_es" xlink:label="lab_mapfre-2020-12-31_SumOfTechnicalProvisionsLibilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Sum of technical provisions (libilities)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_SumOfTechnicalProvisionsLibilities" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_SumOfTechnicalProvisionsLibilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_SumOfTechnicalProvisionsLibilities" xlink:to="lab_mapfre-2020-12-31_SumOfTechnicalProvisionsLibilities" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ProvisionForOutstandingClaims_d397de7e-0462-430d-8a3d-1afce3eb385b_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_ProvisionForOutstandingClaims" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Provisión para prestaciones</link:label>
    <link:label id="lab_mapfre-2020-12-31_ProvisionForOutstandingClaims_label_es" xlink:label="lab_mapfre-2020-12-31_ProvisionForOutstandingClaims" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Provision for outstanding claims</link:label>
    <link:label id="lab_mapfre-2020-12-31_ProvisionForOutstandingClaims_documentation_es" xlink:label="lab_mapfre-2020-12-31_ProvisionForOutstandingClaims" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Estimaciones de las obligaciones pendientes derivadas de las reclamaciones que se produzcan antes del cierre del período, menos los pagos anticipados ya efectuados.</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ProvisionForOutstandingClaims" xlink:to="lab_mapfre-2020-12-31_ProvisionForOutstandingClaims" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReceiptsFromPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits_d68f9c20-9259-429a-8ed0-56571331127c_terseLabel_es" xlink:label="lab_ifrs-full_ReceiptsFromPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cobros en efectivo de la actividad aseguradora</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReceiptsFromPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReceiptsFromPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReceiptsFromPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits" xlink:to="lab_ifrs-full_ReceiptsFromPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits" xlink:type="arc" order="1"/>
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    <link:label id="lab_mapfre-2020-12-31_TechnicalProvisionsForLifeInsuranceWherePolicyholdersBearTheInvestmentRisk_b8371558-1dd9-452f-aa7f-8f37fd0851a1_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_TechnicalProvisionsForLifeInsuranceWherePolicyholdersBearTheInvestmentRisk" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Provisiones técnicas relativas al seguro de vida cuando el riesgo de la inversión lo asumen los tomadores</link:label>
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    <link:label id="lab_ifrs-full_AddressOfRegisteredOfficeOfEntity_b4ce84e7-3fd7-4aa1-9cfe-ca47adf52edb_terseLabel_es" xlink:label="lab_ifrs-full_AddressOfRegisteredOfficeOfEntity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Address of entity's registered office</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AddressOfRegisteredOfficeOfEntity" xlink:to="lab_ifrs-full_AddressOfRegisteredOfficeOfEntity" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LegalFormOfEntity_004e21f6-f090-4408-b8e6-918b073b49f6_terseLabel_es" xlink:label="lab_ifrs-full_LegalFormOfEntity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Legal form of entity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LegalFormOfEntity" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LegalFormOfEntity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LegalFormOfEntity" xlink:to="lab_ifrs-full_LegalFormOfEntity" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ProvisionsForRisksAndExpenses_334b1463-d121-47fe-a976-97c9806b5b48_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_ProvisionsForRisksAndExpenses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Provisiones para riesgos y gastos</link:label>
    <link:label id="lab_mapfre-2020-12-31_ProvisionsForRisksAndExpenses_label_es" xlink:label="lab_mapfre-2020-12-31_ProvisionsForRisksAndExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Provisions for risks and expenses</link:label>
    <link:label id="lab_mapfre-2020-12-31_ProvisionsForRisksAndExpenses_documentation_es" xlink:label="lab_mapfre-2020-12-31_ProvisionsForRisksAndExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Incluye disposiciones para el pago de impuestos, disposiciones para el pago de acuerdos de liquidación, disposiciones para la reestructuración, otras disposiciones para compromisos relacionados con el personal y otras disposiciones.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ProvisionsForRisksAndExpenses" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ProvisionsForRisksAndExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ProvisionsForRisksAndExpenses" xlink:to="lab_mapfre-2020-12-31_ProvisionsForRisksAndExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_b9c6ee0c-da90-4856-aeb9-03d3f67fc655_negatedTerseLabel_es" xlink:label="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Compra de instrumentos financieros</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities"/>
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    <link:label id="lab_mapfre-2020-12-31_CobrosPorEmisionDeInstrumentosDePatrimonioYAmpliacionDeCapital_5e015036-ba62-4118-8cf2-1b0275b734fe_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_CobrosPorEmisionDeInstrumentosDePatrimonioYAmpliacionDeCapital" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cobros por emisión de instrumentos de patrimonio y ampliación de capital</link:label>
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    <link:label id="lab_ifrs-full_UnearnedPremiums_2574e633-9379-46d5-8443-13cc3b2f69b5_terseLabel_es" xlink:label="lab_ifrs-full_UnearnedPremiums" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Unearned premiums</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UnearnedPremiums" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_UnearnedPremiums"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnearnedPremiums" xlink:to="lab_ifrs-full_UnearnedPremiums" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NameOfReportingEntityOrOtherMeansOfIdentification_53cdbafc-33bc-4702-840b-aa2e6208bd83_terseLabel_es" xlink:label="lab_ifrs-full_NameOfReportingEntityOrOtherMeansOfIdentification" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Name of reporting entity or other means of identification</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NameOfReportingEntityOrOtherMeansOfIdentification" xlink:to="lab_ifrs-full_NameOfReportingEntityOrOtherMeansOfIdentification" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfChangesInEquityAbstract_15225764-d9fd-4072-a621-c05fb9205085_terseLabel_es" xlink:label="lab_ifrs-full_StatementOfChangesInEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Statement of changes in equity placeholder - this item MUST be used as a starting point for the statement of changes in equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfChangesInEquityAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatementOfChangesInEquityAbstract"/>
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    <link:label id="lab_ifrs-full_NameOfUltimateParentOfGroup_44ae68fe-48ba-4ae4-8f39-97ca6964ab49_terseLabel_es" xlink:label="lab_ifrs-full_NameOfUltimateParentOfGroup" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Name of ultimate parent of group</link:label>
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    <link:label id="lab_ifrs-full_InsuranceServiceResult_a0ad166f-af37-4274-ac14-b2aaca7fc457_totalLabel_es" xlink:label="lab_ifrs-full_InsuranceServiceResult" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Resultado del servicio de seguro</link:label>
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    <link:label id="lab_ifrs-full_EquityMember_d56b4811-4134-4f68-b6c8-88382184b1fb_terseLabel_es" xlink:label="lab_ifrs-full_EquityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Equity [member]</link:label>
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    <link:label id="lab_ifrs-full_InterestPaidClassifiedAsFinancingActivities_97ba5219-4484-45a1-bfaf-212ee7404c04_negatedTerseLabel_es" xlink:label="lab_ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Interest paid, classified as financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestPaidClassifiedAsFinancingActivities"/>
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    <link:label id="lab_mapfre-2020-12-31_InterimDividendsMember_a089c3b1-8c72-4e2b-b28f-9cff3e4abaed_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_InterimDividendsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Dividendo a cuenta</link:label>
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    <link:label id="lab_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares_53e812f7-02ca-4411-b6a9-a3ce6587410e_negatedTerseLabel_es" xlink:label="lab_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Purchase of treasury shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PaymentsToAcquireOrRedeemEntitysShares"/>
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    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_5c940db3-1f96-483d-b84d-ae8a8fd94202_terseLabel_es" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cash flows from (used in) investing activities [abstract]</link:label>
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    <link:label id="lab_mapfre-2020-12-31_SumInvestments_522474f0-9a37-42b3-8ccf-276916c34644_totalLabel_es" xlink:label="lab_mapfre-2020-12-31_SumInvestments" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Suma de Inversiones</link:label>
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    <link:label id="lab_mapfre-2020-12-31_SumInvestments_documentation_es" xlink:label="lab_mapfre-2020-12-31_SumInvestments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Sum Investments</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfInvestmentProperty" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PurchaseOfInvestmentProperty"/>
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    <link:label id="lab_ifrs-full_CurrentTaxLiabilities_114f526b-9514-4334-a05d-9e7a0122cc94_terseLabel_es" xlink:label="lab_ifrs-full_CurrentTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Current tax liabilities</link:label>
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    <link:label id="lab_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_56ecaa6e-29ab-4f28-b08e-8acea9da6d1e_terseLabel_es" xlink:label="lab_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Liabilities included in disposal groups classified as held for sale</link:label>
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    <link:label id="lab_ifrs-full_DilutedEarningsLossPerShareFromContinuingOperations_b294b1c3-1b2c-4f8e-9c21-c745ab80f63e_terseLabel_es" xlink:label="lab_ifrs-full_DilutedEarningsLossPerShareFromContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Diluted earnings (loss) per share</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceIncome" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinanceIncome"/>
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    <link:label id="lab_ifrs-full_TreasuryShares_bb785ae4-6321-4df9-af6c-0cd0b59c33fa_negatedLabel_es" xlink:label="lab_ifrs-full_TreasuryShares" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Acciones propias</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TreasuryShares" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TreasuryShares"/>
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    <link:label id="lab_ifrs-full_Goodwill_388a7cce-d461-49a0-9b2f-380d458a37b3_terseLabel_es" xlink:label="lab_ifrs-full_Goodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Goodwill" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Goodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Goodwill" xlink:to="lab_ifrs-full_Goodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsBeforeTax_a66f3096-54ba-4081-9445-d81e253bcc3e_terseLabel_es" xlink:label="lab_ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Gains (losses) on remeasuring available-for-sale financial assets, before tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsBeforeTax" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsBeforeTax" xlink:to="lab_ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OutflowsOfCashFromInvestingActivities_67d34080-9a35-4d3b-9da3-8fbfe0e7daf1_negatedTotalLabel_es" xlink:label="lab_ifrs-full_OutflowsOfCashFromInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Suma de Actividades de Inversión</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OutflowsOfCashFromInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OutflowsOfCashFromInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OutflowsOfCashFromInvestingActivities" xlink:to="lab_ifrs-full_OutflowsOfCashFromInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherExpenseByFunction_95460e7e-b94f-4f45-9094-7b2a8c2049c8_negatedTerseLabel_es" xlink:label="lab_ifrs-full_OtherExpenseByFunction" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other expense, by function</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherExpenseByFunction" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherExpenseByFunction"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherExpenseByFunction" xlink:to="lab_ifrs-full_OtherExpenseByFunction" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_PremiumsFromCededReinsurance_c0503df0-e834-4d33-82e2-1fb019281a85_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_PremiumsFromCededReinsurance" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Primas reaseguro cedido</link:label>
    <link:label id="lab_mapfre-2020-12-31_PremiumsFromCededReinsurance_label_es" xlink:label="lab_mapfre-2020-12-31_PremiumsFromCededReinsurance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Premiums from ceded reinsurance</link:label>
    <link:label id="lab_mapfre-2020-12-31_PremiumsFromCededReinsurance_documentation_es" xlink:label="lab_mapfre-2020-12-31_PremiumsFromCededReinsurance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">El importe de las primas procedentes del reaseguro cedido</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_PremiumsFromCededReinsurance" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_PremiumsFromCededReinsurance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_PremiumsFromCededReinsurance" xlink:to="lab_mapfre-2020-12-31_PremiumsFromCededReinsurance" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_c120d30e-8c10-4dc6-abd5-7515671a1da4_terseLabel_es" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Gains (losses) on exchange differences on translation, before tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:to="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherEquityInterest_e269fce2-0a72-4fe4-be6f-db050de9afe8_terseLabel_es" xlink:label="lab_ifrs-full_OtherEquityInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otras participaciones en el patrimonio</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherEquityInterest" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherEquityInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherEquityInterest" xlink:to="lab_ifrs-full_OtherEquityInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ResultFromOtherActivitiesProfitAndLoss_d51c3f8d-5da3-4104-86d5-f5acd1ee9eb5_totalLabel_es" xlink:label="lab_mapfre-2020-12-31_ResultFromOtherActivitiesProfitAndLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Resultado de otras actividades</link:label>
    <link:label id="lab_mapfre-2020-12-31_ResultFromOtherActivitiesProfitAndLoss_label_es" xlink:label="lab_mapfre-2020-12-31_ResultFromOtherActivitiesProfitAndLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Result from other activities (profit and loss)</link:label>
    <link:label id="lab_mapfre-2020-12-31_ResultFromOtherActivitiesProfitAndLoss_documentation_es" xlink:label="lab_mapfre-2020-12-31_ResultFromOtherActivitiesProfitAndLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">La cantidad de resultado que proviene de otras actividades</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ResultFromOtherActivitiesProfitAndLoss" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ResultFromOtherActivitiesProfitAndLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ResultFromOtherActivitiesProfitAndLoss" xlink:to="lab_mapfre-2020-12-31_ResultFromOtherActivitiesProfitAndLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_PurchaseOfEquityInstruments_e3bfd455-d263-4e0c-89ea-228951ce8595_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_PurchaseOfEquityInstruments" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Compra de instrumentos de patrimonio</link:label>
    <link:label id="lab_mapfre-2020-12-31_PurchaseOfEquityInstruments_label_es" xlink:label="lab_mapfre-2020-12-31_PurchaseOfEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Purchase of equity instruments</link:label>
    <link:label id="lab_mapfre-2020-12-31_PurchaseOfEquityInstruments_documentation_es" xlink:label="lab_mapfre-2020-12-31_PurchaseOfEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">The amount of purchase of equity instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_PurchaseOfEquityInstruments" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_PurchaseOfEquityInstruments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_PurchaseOfEquityInstruments" xlink:to="lab_mapfre-2020-12-31_PurchaseOfEquityInstruments" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_GainsLossesOnChangesInValueOfAssociateAndJointVenturesAccountedForUsingEquityMethodBeforeTax_04349655-76c6-4798-941d-d2c79ef0477e_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_GainsLossesOnChangesInValueOfAssociateAndJointVenturesAccountedForUsingEquityMethodBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Ganancias (Pérdidas) por valoración</link:label>
    <link:label id="lab_mapfre-2020-12-31_GainsLossesOnChangesInValueOfAssociateAndJointVenturesAccountedForUsingEquityMethodBeforeTax_label_es" xlink:label="lab_mapfre-2020-12-31_GainsLossesOnChangesInValueOfAssociateAndJointVenturesAccountedForUsingEquityMethodBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Gains (losses) on changes in value of associate and joint ventures accounted for using equity method before tax</link:label>
    <link:label id="lab_mapfre-2020-12-31_GainsLossesOnChangesInValueOfAssociateAndJointVenturesAccountedForUsingEquityMethodBeforeTax_documentation_es" xlink:label="lab_mapfre-2020-12-31_GainsLossesOnChangesInValueOfAssociateAndJointVenturesAccountedForUsingEquityMethodBeforeTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Gains (losses) on changes in value of associate and joint ventures accounted for using equity method before tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_GainsLossesOnChangesInValueOfAssociateAndJointVenturesAccountedForUsingEquityMethodBeforeTax" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_GainsLossesOnChangesInValueOfAssociateAndJointVenturesAccountedForUsingEquityMethodBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_GainsLossesOnChangesInValueOfAssociateAndJointVenturesAccountedForUsingEquityMethodBeforeTax" xlink:to="lab_mapfre-2020-12-31_GainsLossesOnChangesInValueOfAssociateAndJointVenturesAccountedForUsingEquityMethodBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsAcceptedReinsurance_78a757e4-d5b2-4f12-bf89-d1144510ff60_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsAcceptedReinsurance" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Prestaciones pagadas- Reaseguro aceptado</link:label>
    <link:label id="lab_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsAcceptedReinsurance_label_es" xlink:label="lab_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsAcceptedReinsurance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Claims paid and variation in provision for claims - Accepted reinsurance</link:label>
    <link:label id="lab_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsAcceptedReinsurance_documentation_es" xlink:label="lab_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsAcceptedReinsurance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">El importe de las reclamaciones pagadas y la variación de la provisión para reclamaciones de reaseguro aceptado</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsAcceptedReinsurance" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsAcceptedReinsurance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsAcceptedReinsurance" xlink:to="lab_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsAcceptedReinsurance" xlink:type="arc" order="1"/>
    <link:label id="lab_esef_cor_NotesAccountingPoliciesAndMandatoryTags_3fafd005-ddb1-477d-8953-fcbca4ea7061_terseLabel_es" xlink:label="lab_esef_cor_NotesAccountingPoliciesAndMandatoryTags" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Notes, accounting policies and mandatory tags – this item MUST be used as a starting point for markups of disclosures in the notes to the financial statements</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_esef_cor_NotesAccountingPoliciesAndMandatoryTags" xlink:href="http://www.esma.europa.eu/taxonomy/2020-03-16/esef_cor.xsd#esef_cor_NotesAccountingPoliciesAndMandatoryTags"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_esef_cor_NotesAccountingPoliciesAndMandatoryTags" xlink:to="lab_esef_cor_NotesAccountingPoliciesAndMandatoryTags" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ReclassificationAdjustmentsOnChangeInValueOfShadowAccountingFromInsuranceContractBeforeTax_d0ebd99a-035c-43d6-8afd-eba84fc0ffc3_terseLabel_es" xlink:label="lab_mapfre-2020-12-31_ReclassificationAdjustmentsOnChangeInValueOfShadowAccountingFromInsuranceContractBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Importe transferido a la cuenta de resultados (contabilidad tácita)</link:label>
    <link:label id="lab_mapfre-2020-12-31_ReclassificationAdjustmentsOnChangeInValueOfShadowAccountingFromInsuranceContractBeforeTax_label_es" xlink:label="lab_mapfre-2020-12-31_ReclassificationAdjustmentsOnChangeInValueOfShadowAccountingFromInsuranceContractBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Reclassification adjustments on change in value of shadow accounting from insurance contract, before tax</link:label>
    <link:label id="lab_mapfre-2020-12-31_ReclassificationAdjustmentsOnChangeInValueOfShadowAccountingFromInsuranceContractBeforeTax_documentation_es" xlink:label="lab_mapfre-2020-12-31_ReclassificationAdjustmentsOnChangeInValueOfShadowAccountingFromInsuranceContractBeforeTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Reclassification adjustments on change in value of shadow accounting from insurance contract, before tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ReclassificationAdjustmentsOnChangeInValueOfShadowAccountingFromInsuranceContractBeforeTax" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ReclassificationAdjustmentsOnChangeInValueOfShadowAccountingFromInsuranceContractBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ReclassificationAdjustmentsOnChangeInValueOfShadowAccountingFromInsuranceContractBeforeTax" xlink:to="lab_mapfre-2020-12-31_ReclassificationAdjustmentsOnChangeInValueOfShadowAccountingFromInsuranceContractBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_0ef34e7e-591b-40e5-8057-000c007da2e2_negatedTerseLabel_es" xlink:label="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Impuesto sobre las ganancias relativo a componentes de otro resultado global que no se reclasificarán en resultados</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:to="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_6a470b78-6170-415f-a3ae-d2b913b26876_negatedTerseLabel_es" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Reclassification adjustments on change in value of foreign currency basis spreads, before tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:to="lab_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DeferredTaxLiabilities_d4ea3df9-f228-4818-b452-638f833c01ae_terseLabel_es" xlink:label="lab_ifrs-full_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Deferred tax liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredTaxLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxLiabilities" xlink:to="lab_ifrs-full_DeferredTaxLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DatedSubordinatedLiabilities_ee371f56-bae5-4ad0-839a-d79672ccb6fb_terseLabel_es" xlink:label="lab_ifrs-full_DatedSubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Dated subordinated liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DatedSubordinatedLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DatedSubordinatedLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DatedSubordinatedLiabilities" xlink:to="lab_ifrs-full_DatedSubordinatedLiabilities" xlink:type="arc" order="1"/>
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