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    <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:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ShareInLossesFromEquityAccountedCompaniesOtherActivities" xlink:to="lab_mapfre-2020-12-31_ShareInLossesFromEquityAccountedCompaniesOtherActivities" xlink:type="arc" order="1"/>
    <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>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_OtherTechnicalProvisions" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_OtherTechnicalProvisions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtherTechnicalProvisions" xlink:to="lab_mapfre-2020-12-31_OtherTechnicalProvisions" xlink:type="arc" order="1"/>
    <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>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_OtroResultadoGlobalNetosDeImpuestosDiferenciasDeCambiosEnLaConversion" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_OtroResultadoGlobalNetosDeImpuestosDiferenciasDeCambiosEnLaConversion"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtroResultadoGlobalNetosDeImpuestosDiferenciasDeCambiosEnLaConversion" xlink:to="lab_mapfre-2020-12-31_OtroResultadoGlobalNetosDeImpuestosDiferenciasDeCambiosEnLaConversion" xlink:type="arc" order="1"/>
    <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_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_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_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_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_mapfre-2020-12-31_OtherPaymentsRelatedToFinancingActivities_538dc50b-9790-4c45-95e7-6551b70664ea_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_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_2eccc622-d511-4137-923e-3176ec0ceb70_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/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.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_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsBeforeTax_d80d37f6-08b4-4b7b-8985-ccfaf85b36f2_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/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.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_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_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_mapfre-2020-12-31_InterimDividend_7e524fce-2236-403b-88af-65aa95350fc3_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_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_a180f820-a0fd-40e4-bacd-0a18b8029930_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/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax"/>
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    <link:label id="lab_ifrs-full_OutflowsOfCashFromInvestingActivities_a12a43aa-fb3a-409d-b53e-1a960fb5a00b_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/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OutflowsOfCashFromInvestingActivities"/>
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    <link:label id="lab_ifrs-full_OtherCashPaymentsFromOperatingActivities_5015d85d-f737-489e-8d57-ec367ace829d_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/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherCashPaymentsFromOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherCashPaymentsFromOperatingActivities" xlink:to="lab_ifrs-full_OtherCashPaymentsFromOperatingActivities" xlink:type="arc" order="1"/>
    <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_PurchaseOfInvestmentProperty_cf5f2272-06bb-4510-854c-126a21360572_negatedTerseLabel_es" xlink:label="lab_ifrs-full_PurchaseOfInvestmentProperty" 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 investment property</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfInvestmentProperty" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_PurchaseOfInvestmentProperty"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfInvestmentProperty" xlink:to="lab_ifrs-full_PurchaseOfInvestmentProperty" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeArisingFromInsuranceContracts_3700b0bc-7b41-4c0e-9669-9d65cc57d7bd_totalLabel_es" xlink:label="lab_ifrs-full_IncomeArisingFromInsuranceContracts" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Income arising from insurance contracts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeArisingFromInsuranceContracts" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IncomeArisingFromInsuranceContracts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeArisingFromInsuranceContracts" xlink:to="lab_ifrs-full_IncomeArisingFromInsuranceContracts" xlink:type="arc" order="1"/>
    <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_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_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_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_ede1d372-b171-4dc0-a08f-03bdb98a5f6f_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/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <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_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_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsDirectInsurance_be4879f0-a080-438f-b11e-a914def66fc0_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_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_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_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ParticipacionDelReaseguroEnLasProvisionesTecnicas" xlink:to="lab_mapfre-2020-12-31_ParticipacionDelReaseguroEnLasProvisionesTecnicas" xlink:type="arc" order="1"/>
    <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_ifrs-full_FinanceCosts_fc9de780-4045-4b98-8655-78d5651ffb27_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/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.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_InvestmentExpensesFromOperations_fdd598e4-9a2b-4563-b6a7-056ae8cd2ce0_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>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_InvestmentExpensesFromOperations" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_InvestmentExpensesFromOperations"/>
    <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"/>
    <link:label id="lab_ifrs-full_LoansAndReceivables_1313cc8b-b978-4e59-9d31-146ae76cf3b7_totalLabel_es" xlink:label="lab_ifrs-full_LoansAndReceivables" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Loans and receivables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LoansAndReceivables" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_LoansAndReceivables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LoansAndReceivables" xlink:to="lab_ifrs-full_LoansAndReceivables" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_OtherProceedsRelatedToInvestmentActivities_label_es" xlink:label="lab_mapfre-2020-12-31_OtherProceedsRelatedToInvestmentActivities" 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 investment activities</link:label>
    <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>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_OtherProceedsRelatedToInvestmentActivities" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_OtherProceedsRelatedToInvestmentActivities"/>
    <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_PaymentsForPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits_50dde6b2-c71f-4654-8998-157d73bddcc7_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/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.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_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_SumOfProceedFromFinancingActivities_0312bd11-befe-43f3-8c27-7e6fc3ff3a9b_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_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_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_OtherPaymentsRelatedToInvestmentActivities_e1aac934-496e-4d73-8797-14626a53a11a_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_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_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_mapfre-2020-12-31_CommissionsAndParticipationInReinsurance_8623c14f-8708-4612-8798-03b8de28c812_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_mapfre-2020-12-31_SumOfTechnicalProvisionsLibilities_60f2c93a-5a08-43b8-96c8-4789a07b8ff4_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_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>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ProvisionForOutstandingClaims" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_ProvisionForOutstandingClaims"/>
    <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_mapfre-2020-12-31_TechnicalProvisionsForLifeInsuranceWherePolicyholdersBearTheInvestmentRisk_label_es" xlink:label="lab_mapfre-2020-12-31_TechnicalProvisionsForLifeInsuranceWherePolicyholdersBearTheInvestmentRisk" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Technical provisions for life insurance where policyholders bear the investment risk</link:label>
    <link:label id="lab_mapfre-2020-12-31_TechnicalProvisionsForLifeInsuranceWherePolicyholdersBearTheInvestmentRisk_documentation_es" xlink:label="lab_mapfre-2020-12-31_TechnicalProvisionsForLifeInsuranceWherePolicyholdersBearTheInvestmentRisk" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Disposiciones relativas a los seguros de vida en los que el contrato estipula que el riesgo de inversión será asumido íntegramente por el titular de la póliza, medido en función de los activos específicamente asignados para determinar el valor de los derechos.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_TechnicalProvisionsForLifeInsuranceWherePolicyholdersBearTheInvestmentRisk" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_TechnicalProvisionsForLifeInsuranceWherePolicyholdersBearTheInvestmentRisk"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_TechnicalProvisionsForLifeInsuranceWherePolicyholdersBearTheInvestmentRisk" xlink:to="lab_mapfre-2020-12-31_TechnicalProvisionsForLifeInsuranceWherePolicyholdersBearTheInvestmentRisk" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares_c444c999-929b-4130-a82f-f44230ec8e2f_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/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_PaymentsToAcquireOrRedeemEntitysShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" xlink:to="lab_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_SumInvestments_b55fb411-dbb6-40f0-a68e-6529c363903f_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>
    <link:label id="lab_mapfre-2020-12-31_SumInvestments_label_es" xlink:label="lab_mapfre-2020-12-31_SumInvestments" 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 Investments</link:label>
    <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>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_SumInvestments" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_SumInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_SumInvestments" xlink:to="lab_mapfre-2020-12-31_SumInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InflowsOfCashFromInvestingActivities_71584efd-eeb8-4bf4-8ee3-f5e1e7c35098_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/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.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_ifrs-full_CashFlowsFromUsedInFinancingActivities_31612fcf-7405-4289-a188-8c0a392e5abe_totalLabel_es" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" 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) financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ResultFromOtherActivitiesProfitAndLoss_7c2ceb4a-2c45-4e56-bb22-7465c91a0df2_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_12988ba0-f9f1-4b8e-bc07-c0d3758fc21c_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_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_ifrs-full_PurchaseOfInterestsInAssociates_e205ccd3-2842-44d9-8a54-9b1e23b13ea1_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/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.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_mapfre-2020-12-31_RealEstateForOwnUse_label_es" xlink:label="lab_mapfre-2020-12-31_RealEstateForOwnUse" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Real estate for own use</link:label>
    <link:label id="lab_mapfre-2020-12-31_RealEstateForOwnUse_documentation_es" xlink:label="lab_mapfre-2020-12-31_RealEstateForOwnUse" 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 terrenos y recursos naturales, edificios, otras estructuras y derechos de arrendamiento fuera de uso.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_RealEstateForOwnUse" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_RealEstateForOwnUse"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_RealEstateForOwnUse" xlink:to="lab_mapfre-2020-12-31_RealEstateForOwnUse" xlink:type="arc" order="1"/>
    <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 companys shareholders and non-controlling interests</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherOperationsWithTheControllingCompanysShareholdersAndNonControllingInterests_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtherOperationsWithTheControllingCompanysShareholdersAndNonControllingInterests" 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 otras operaciones con accionistas de la sociedad dominante y minoritarios</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_OtherOperationsWithTheControllingCompanysShareholdersAndNonControllingInterests" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_OtherOperationsWithTheControllingCompanysShareholdersAndNonControllingInterests"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtherOperationsWithTheControllingCompanysShareholdersAndNonControllingInterests" xlink:to="lab_mapfre-2020-12-31_OtherOperationsWithTheControllingCompanysShareholdersAndNonControllingInterests" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DividendsPaid_0230485e-076b-4b53-89c5-d1df168e3b0b_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/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.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_ifrs-full_ExpenseArisingFromInsuranceContracts_0d4a0def-b5bb-4dcd-9efd-ee02c593ac0e_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/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.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_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>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_GainsOnInvestmentsOnBehalfOfLifeInsurancePolicyholdersBearingTheInvestmentRisk" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_GainsOnInvestmentsOnBehalfOfLifeInsurancePolicyholdersBearingTheInvestmentRisk"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_GainsOnInvestmentsOnBehalfOfLifeInsurancePolicyholdersBearingTheInvestmentRisk" xlink:to="lab_mapfre-2020-12-31_GainsOnInvestmentsOnBehalfOfLifeInsurancePolicyholdersBearingTheInvestmentRisk" xlink:type="arc" order="1"/>
    <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_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_e6649db1-62e0-4a60-98b6-15d300a3f180_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_mapfre-2020-12-31_ReclassificationAdjustmentOnChangeInValueOfAssociatesAndJointVenturesAccountedForUsingEquityMethodBeforeTax_08eb5282-bb7f-4be2-be4a-c937d404ee5e_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_mapfre-2020-12-31_OtherNonTechnicalExpenses_248a5721-94fe-46d6-8ac2-ed5c55973899_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_ac549658-5a97-4552-b6fb-49bdf9f4be46_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_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_e8c57e53-baff-4f3e-a6d9-ad0e6884048c_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_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_LossesOnInvestmentsOnBehalfOfLifeInsurancePolicyholdersBearingTheInvestmentRisk_df276097-9869-4d04-8fb3-d1cf2fe370e0_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_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_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_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_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_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_mapfre-2020-12-31_NegativeForeignExchangeDifferences_4819cb83-9964-4878-8df9-13e3dcded65e_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_mapfre-2020-12-31_OtherTechnicalExpenses_71d22aa9-86f6-48c1-97be-06e285c4c296_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_IncreaseDecreaseThroughTransactionsWithOwners_fe1164f6-56fe-490d-ba00-d2b53cb98bf5_totalLabel_es" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Incremento (decremento) por transacciones con los propietarios, patrimonio neto</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" xlink:type="arc" order="1"/>
    <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_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_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_InvestmentExpensesFromEquityAndFinancialAccounts_cc806134-04d4-409e-8224-8e1e0ee76c91_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_RepaymentsOfSubordinatedLiabilities_6f251a37-56f0-4825-ab71-8e41dd97a16f_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/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.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_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_864bafb9-1f85-4db1-9bb0-b03f152ed5ed_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_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_ShareInLossesFromEquityAccountedCompanies_9207ed94-7da4-496b-9076-4db9687bdb77_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_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_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_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>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_DepositsEstablishedForAcceptedReinsurance" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_DepositsEstablishedForAcceptedReinsurance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_DepositsEstablishedForAcceptedReinsurance" xlink:to="lab_mapfre-2020-12-31_DepositsEstablishedForAcceptedReinsurance" xlink:type="arc" order="1"/>
    <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_mapfre-2020-12-31_SumOfDebtsLiabilities_0efb7ef3-6679-4f38-8da2-9c359d80ac5c_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_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_mapfre-2020-12-31_AllowanceToTheAssetImpairmentProvisionOtherActivities_dd7ec5f7-d169-4f21-9220-ae502b204729_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"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_AllowanceToTheAssetImpairmentProvisionOtherActivities" xlink:to="lab_mapfre-2020-12-31_AllowanceToTheAssetImpairmentProvisionOtherActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ClaimsPaidAndVariationInProvisionForClaimsCededReinsurance_66fe133c-8258-4543-9e5b-bc6e7b1bd458_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_mapfre-2020-12-31_PaymentsOnReturnOfShareholdersContributions_3f4bdf04-d108-4fdc-b02d-4ac6e26d4c10_negatedLabel_es" xlink:label="lab_mapfre-2020-12-31_PaymentsOnReturnOfShareholdersContributions" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" 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_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_f9bda399-cab8-4cc8-a00c-197c10265414_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_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_CashFlowsFromUsedInInvestingActivities_bb49beb2-1e6e-4fcf-a137-ff36e7f05271_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/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.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_mapfre-2020-12-31_SumOfOtherCashPaymentFromFinancingActivities_c90c1d19-d57f-4968-a330-58fbf86efe8c_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_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_mapfre-2020-12-31_ClaimsRelatedExpenses_91910872-3708-443a-8e89-ce7145d6fd55_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_mapfre-2020-12-31_SumOfCashFlowsFromTheInsuranceActivities_404762d8-88fd-4c32-9377-1266727fe794_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_IncreaseDecreaseInCashAndCashEquivalents_55583459-9a66-4c18-8daf-6bb70a10aa4a_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/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.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_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_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksDirectInsurance_7e37213d-fb9c-4458-a279-77d746dc675a_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksDirectInsurance" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" 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- Seguro directo</link:label>
    <link:label id="lab_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksDirectInsurance_label_es" xlink:label="lab_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksDirectInsurance" 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 - Direct Insurance</link:label>
    <link:label id="lab_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksDirectInsurance_documentation_es" xlink:label="lab_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksDirectInsurance" 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 devengadas procedentes del seguro directo</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksDirectInsurance" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksDirectInsurance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksDirectInsurance" xlink:to="lab_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksDirectInsurance" xlink:type="arc" order="1"/>
    <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_mapfre-2020-12-31_CobrosPorEmisionDeInstrumentosDePatrimonioYAmpliacionDeCapital_label_es" xlink:label="lab_mapfre-2020-12-31_CobrosPorEmisionDeInstrumentosDePatrimonioYAmpliacionDeCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cobros por emision de instrumentos de patrimonio y ampliacion de capital</link:label>
    <link:label id="lab_mapfre-2020-12-31_CobrosPorEmisionDeInstrumentosDePatrimonioYAmpliacionDeCapital_documentation_es" xlink:label="lab_mapfre-2020-12-31_CobrosPorEmisionDeInstrumentosDePatrimonioYAmpliacionDeCapital" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cobros por emision de instrumentos de patrimonio y ampliacion de capital</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_CobrosPorEmisionDeInstrumentosDePatrimonioYAmpliacionDeCapital" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_CobrosPorEmisionDeInstrumentosDePatrimonioYAmpliacionDeCapital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_CobrosPorEmisionDeInstrumentosDePatrimonioYAmpliacionDeCapital" xlink:to="lab_mapfre-2020-12-31_CobrosPorEmisionDeInstrumentosDePatrimonioYAmpliacionDeCapital" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_InterimDividendsMember_label_es" xlink:label="lab_mapfre-2020-12-31_InterimDividendsMember" 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 Dividends [Member]</link:label>
    <link:label id="lab_mapfre-2020-12-31_InterimDividendsMember_documentation_es" xlink:label="lab_mapfre-2020-12-31_InterimDividendsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Interim Dividends</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_InterimDividendsMember" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_InterimDividendsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_InterimDividendsMember" xlink:to="lab_mapfre-2020-12-31_InterimDividendsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksAcceptedReinsurance_8b154eee-6024-479c-9c19-6a966ca38f8b_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksAcceptedReinsurance" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" 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 aceptado</link:label>
    <link:label id="lab_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksAcceptedReinsurance_label_es" xlink:label="lab_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksAcceptedReinsurance" 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 - Accepted reinsurance</link:label>
    <link:label id="lab_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksAcceptedReinsurance_documentation_es" xlink:label="lab_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksAcceptedReinsurance" 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 aceptado</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksAcceptedReinsurance" xlink:href="95980020140005693107-2021-12-31.xsd#mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksAcceptedReinsurance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksAcceptedReinsurance" xlink:to="lab_mapfre-2020-12-31_VariationsInProvisionsForUnearnedPremiumsAndUnexpiredRisksAcceptedReinsurance" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_PremiumsFromCededReinsurance_affc4b27-c499-4d75-ba13-a602e68808f0_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"/>
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