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    <link:label id="lab_ifrs-full_OtherCashPaymentsFromOperatingActivities_daafdbdd-8ba1-4914-bf59-a06b97bdf1ff_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>
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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"/>
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    <link:label id="lab_mapfre-2020-12-31_BShareInLossesFromEquityAccountedCompanies_label_es" xlink:label="lab_mapfre-2020-12-31_BShareInLossesFromEquityAccountedCompanies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">b)  Share in losses from equity-accounted companies</link:label>
    <link:label id="lab_mapfre-2020-12-31_BShareInLossesFromEquityAccountedCompanies_documentation_es" xlink:label="lab_mapfre-2020-12-31_BShareInLossesFromEquityAccountedCompanies" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">b)  Share in losses from equity-accounted companies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_BShareInLossesFromEquityAccountedCompanies" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_BShareInLossesFromEquityAccountedCompanies"/>
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    <link:label id="lab_mapfre-2020-12-31_OtherVariationInEquity_label_es" xlink:label="lab_mapfre-2020-12-31_OtherVariationInEquity" 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 variation in equity</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherVariationInEquity_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtherVariationInEquity" 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 variation in equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_OtherVariationInEquity" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_OtherVariationInEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtherVariationInEquity" xlink:to="lab_mapfre-2020-12-31_OtherVariationInEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForIncurredClaims_label_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForIncurredClaims" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under BBA for Assets for incurred claims</link:label>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForIncurredClaims_documentation_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForIncurredClaims" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under BBA for Assets for incurred claims</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForIncurredClaims" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_MeasurementUnderBBAForAssetsForIncurredClaims"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForIncurredClaims" xlink:to="lab_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForIncurredClaims" 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="95980020140005693107-2023-12-31.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_AGananciasPerdidasPorValoracion_label_es" xlink:label="lab_mapfre-2020-12-31_AGananciasPerdidasPorValoracion" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">a) Valuation gains (losses)</link:label>
    <link:label id="lab_mapfre-2020-12-31_AGananciasPerdidasPorValoracion_documentation_es" xlink:label="lab_mapfre-2020-12-31_AGananciasPerdidasPorValoracion" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">a) Ganancias (Pérdidas) por valoración</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_AGananciasPerdidasPorValoracion" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_AGananciasPerdidasPorValoracion"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_AGananciasPerdidasPorValoracion" xlink:to="lab_mapfre-2020-12-31_AGananciasPerdidasPorValoracion" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinanceIncomeCost_d3b4c3c4-c416-4b05-ae65-4af129774c81_totalLabel_es" xlink:label="lab_ifrs-full_FinanceIncomeCost" 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 financiero</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceIncomeCost" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinanceIncomeCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceIncomeCost" xlink:to="lab_ifrs-full_FinanceIncomeCost" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsThatAreLiabilities_b325b6cb-2688-4819-aeab-ac49ba78ad84_totalLabel_es" xlink:label="lab_ifrs-full_InsuranceContractsThatAreLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Contratos de seguros que son pasivos</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceContractsThatAreLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InsuranceContractsThatAreLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceContractsThatAreLiabilities" xlink:to="lab_ifrs-full_InsuranceContractsThatAreLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForRemainingCoverage_label_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForRemainingCoverage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under BBA for Liabilities for remaining coverage</link:label>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForRemainingCoverage_documentation_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForRemainingCoverage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Valoración BBA para Pasivos por cobertura restante</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForRemainingCoverage" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForRemainingCoverage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForRemainingCoverage" xlink:to="lab_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForRemainingCoverage" 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="95980020140005693107-2023-12-31.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_27a1820a-db2b-4f2d-83e6-02f284b15352_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">Other payments related to financing activities</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="95980020140005693107-2023-12-31.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_mapfre-2020-12-31_InterimDividend_3675a0b7-099b-436e-840d-e4ea05a6f5be_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">Interim dividend</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="95980020140005693107-2023-12-31.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_mapfre-2020-12-31_IncurredClaimsAndOtherInsuranceServiceExpenses_49682548-1031-4515-bd21-4f11af0aa085_negatedLabel_es" xlink:label="lab_mapfre-2020-12-31_IncurredClaimsAndOtherInsuranceServiceExpenses" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Incurred claims and other insurance service expenses</link:label>
    <link:label id="lab_mapfre-2020-12-31_IncurredClaimsAndOtherInsuranceServiceExpenses_label_es" xlink:label="lab_mapfre-2020-12-31_IncurredClaimsAndOtherInsuranceServiceExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Incurred claims and other insurance service expenses</link:label>
    <link:label id="lab_mapfre-2020-12-31_IncurredClaimsAndOtherInsuranceServiceExpenses_documentation_es" xlink:label="lab_mapfre-2020-12-31_IncurredClaimsAndOtherInsuranceServiceExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Incurred claims and other insurance service expenses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_IncurredClaimsAndOtherInsuranceServiceExpenses" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_IncurredClaimsAndOtherInsuranceServiceExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_IncurredClaimsAndOtherInsuranceServiceExpenses" xlink:to="lab_mapfre-2020-12-31_IncurredClaimsAndOtherInsuranceServiceExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderPAAForLiabilitiesForIncurredClaims_label_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderPAAForLiabilitiesForIncurredClaims" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under PAA for Liabilities for incurred claims</link:label>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderPAAForLiabilitiesForIncurredClaims_documentation_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderPAAForLiabilitiesForIncurredClaims" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under PAA for Liabilities for incurred claims</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderPAAForLiabilitiesForIncurredClaims" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_MeasurementUnderPAAForLiabilitiesForIncurredClaims"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_MeasurementUnderPAAForLiabilitiesForIncurredClaims" xlink:to="lab_mapfre-2020-12-31_MeasurementUnderPAAForLiabilitiesForIncurredClaims" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_OtherCashPaymentFromFinancingActivities_950b200e-d087-47fc-8077-50a8e7824873_negatedTotalLabel_es" xlink:label="lab_mapfre-2020-12-31_OtherCashPaymentFromFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Other cash payment from financing activities</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherCashPaymentFromFinancingActivities_label_es" xlink:label="lab_mapfre-2020-12-31_OtherCashPaymentFromFinancingActivities" 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 cash payment from financing activities</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherCashPaymentFromFinancingActivities_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtherCashPaymentFromFinancingActivities" 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 cash payment from financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_OtherCashPaymentFromFinancingActivities" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_OtherCashPaymentFromFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtherCashPaymentFromFinancingActivities" xlink:to="lab_mapfre-2020-12-31_OtherCashPaymentFromFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ResultfFronReinsuranceService_4801866b-0130-4ebd-ac9e-062e9ac4736e_totalLabel_es" xlink:label="lab_mapfre-2020-12-31_ResultfFronReinsuranceService" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Result from reinsurance service</link:label>
    <link:label id="lab_mapfre-2020-12-31_ResultfFronReinsuranceService_label_es" xlink:label="lab_mapfre-2020-12-31_ResultfFronReinsuranceService" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Resultf fron reinsurance service</link:label>
    <link:label id="lab_mapfre-2020-12-31_ResultfFronReinsuranceService_documentation_es" xlink:label="lab_mapfre-2020-12-31_ResultfFronReinsuranceService" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Resultado del servicio de reaseguro</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ResultfFronReinsuranceService" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_ResultfFronReinsuranceService"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ResultfFronReinsuranceService" xlink:to="lab_mapfre-2020-12-31_ResultfFronReinsuranceService" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_AccrualAdjustments_label_es" xlink:label="lab_mapfre-2020-12-31_AccrualAdjustments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Accrual Adjustments</link:label>
    <link:label id="lab_mapfre-2020-12-31_AccrualAdjustments_documentation_es" xlink:label="lab_mapfre-2020-12-31_AccrualAdjustments" 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_AccrualAdjustments" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_AccrualAdjustments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_AccrualAdjustments" xlink:to="lab_mapfre-2020-12-31_AccrualAdjustments" 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="95980020140005693107-2023-12-31.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_GastoDelInmovilizadoYDeLasInversiones_86a45c74-88a9-47ab-9f98-64b571fc33bd_negatedLabel_es" xlink:label="lab_mapfre-2020-12-31_GastoDelInmovilizadoYDeLasInversiones" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Expenses from fixed assets and investments</link:label>
    <link:label id="lab_mapfre-2020-12-31_GastoDelInmovilizadoYDeLasInversiones_label_es" xlink:label="lab_mapfre-2020-12-31_GastoDelInmovilizadoYDeLasInversiones" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Gasto del inmovilizado y de las inversiones</link:label>
    <link:label id="lab_mapfre-2020-12-31_GastoDelInmovilizadoYDeLasInversiones_documentation_es" xlink:label="lab_mapfre-2020-12-31_GastoDelInmovilizadoYDeLasInversiones" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Gasto del inmovilizado y de las inversiones</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_GastoDelInmovilizadoYDeLasInversiones" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_GastoDelInmovilizadoYDeLasInversiones"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_GastoDelInmovilizadoYDeLasInversiones" xlink:to="lab_mapfre-2020-12-31_GastoDelInmovilizadoYDeLasInversiones" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForIncurredClaimsReinsurance_label_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForIncurredClaimsReinsurance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under PAA for Assets for incurred claims (reinsurance)</link:label>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForIncurredClaimsReinsurance_documentation_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForIncurredClaimsReinsurance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under PAA for Assets for incurred claims (reinsurance)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForIncurredClaimsReinsurance" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_MeasurementUnderPAAForAssetsForIncurredClaimsReinsurance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForIncurredClaimsReinsurance" xlink:to="lab_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForIncurredClaimsReinsurance" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForIncurredClaims_label_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForIncurredClaims" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under BBA for Liabilities for incurred claims</link:label>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForIncurredClaims_documentation_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForIncurredClaims" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under BBA for Liabilities for incurred claims</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForIncurredClaims" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForIncurredClaims"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForIncurredClaims" xlink:to="lab_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForIncurredClaims" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ProceedFromFinancingActivities_e3f5f4d5-b833-4068-b02f-3b5785d31e50_totalLabel_es" xlink:label="lab_mapfre-2020-12-31_ProceedFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Proceed from financing activities</link:label>
    <link:label id="lab_mapfre-2020-12-31_ProceedFromFinancingActivities_label_es" xlink:label="lab_mapfre-2020-12-31_ProceedFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Proceed from financing activities</link:label>
    <link:label id="lab_mapfre-2020-12-31_ProceedFromFinancingActivities_documentation_es" xlink:label="lab_mapfre-2020-12-31_ProceedFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Proceed from financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ProceedFromFinancingActivities" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_ProceedFromFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ProceedFromFinancingActivities" xlink:to="lab_mapfre-2020-12-31_ProceedFromFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_06452f4d-cda2-45bd-a14a-af8a9c72ac13_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="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_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="95980020140005693107-2023-12-31.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">Proceeds from equity instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ProceedsFromEquityInstruments" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_ProceedsFromEquityInstruments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ProceedsFromEquityInstruments" xlink:to="lab_mapfre-2020-12-31_ProceedsFromEquityInstruments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsThatAreAssets_f9162da6-f910-49e2-9065-1416cd9183d2_totalLabel_es" xlink:label="lab_ifrs-full_InsuranceContractsThatAreAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Contratos de seguros que son activos</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceContractsThatAreAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InsuranceContractsThatAreAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceContractsThatAreAssets" xlink:to="lab_ifrs-full_InsuranceContractsThatAreAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderVFAForAssetsForRemainingCoverage_label_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderVFAForAssetsForRemainingCoverage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under VFA for Assets for remaining coverage</link:label>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderVFAForAssetsForRemainingCoverage_documentation_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderVFAForAssetsForRemainingCoverage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under VFA for Assets for remaining coverage</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderVFAForAssetsForRemainingCoverage" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_MeasurementUnderVFAForAssetsForRemainingCoverage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_MeasurementUnderVFAForAssetsForRemainingCoverage" xlink:to="lab_mapfre-2020-12-31_MeasurementUnderVFAForAssetsForRemainingCoverage" 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="95980020140005693107-2023-12-31.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_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="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_ResultOnRestatementsOfFinancialAccountsProfitAndLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ResultOnRestatementsOfFinancialAccountsProfitAndLoss" xlink:to="lab_mapfre-2020-12-31_ResultOnRestatementsOfFinancialAccountsProfitAndLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ComprehensiveIncomeFromContinuingOperationsAttributableToOwnersOfParent_label_es" xlink:label="lab_mapfre-2020-12-31_ComprehensiveIncomeFromContinuingOperationsAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Comprehensive Income From Continuing Operations Attributable To Owners Of Parent</link:label>
    <link:label id="lab_mapfre-2020-12-31_ComprehensiveIncomeFromContinuingOperationsAttributableToOwnersOfParent_documentation_es" xlink:label="lab_mapfre-2020-12-31_ComprehensiveIncomeFromContinuingOperationsAttributableToOwnersOfParent" 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_ComprehensiveIncomeFromContinuingOperationsAttributableToOwnersOfParent" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_ComprehensiveIncomeFromContinuingOperationsAttributableToOwnersOfParent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ComprehensiveIncomeFromContinuingOperationsAttributableToOwnersOfParent" xlink:to="lab_mapfre-2020-12-31_ComprehensiveIncomeFromContinuingOperationsAttributableToOwnersOfParent" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForRemainingCoverageReinsurance_label_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForRemainingCoverageReinsurance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under PAA for Assets for remaining coverage (reinsurance)</link:label>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForRemainingCoverageReinsurance_documentation_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForRemainingCoverageReinsurance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under PAA for Assets for remaining coverage (reinsurance)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForRemainingCoverageReinsurance" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_MeasurementUnderPAAForAssetsForRemainingCoverageReinsurance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForRemainingCoverageReinsurance" xlink:to="lab_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForRemainingCoverageReinsurance" 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="95980020140005693107-2023-12-31.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_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="95980020140005693107-2023-12-31.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_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_f9b5fcbf-fcf4-4d2a-b18f-210ad288a0a9_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="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_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="95980020140005693107-2023-12-31.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_MeasurementUnderBBAForAssetsForIncurredClaimsReinsurance_label_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForIncurredClaimsReinsurance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under BBA for Assets for incurred claims (reinsurance)</link:label>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForIncurredClaimsReinsurance_documentation_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForIncurredClaimsReinsurance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under BBA for Assets for incurred claims (reinsurance)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForIncurredClaimsReinsurance" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_MeasurementUnderBBAForAssetsForIncurredClaimsReinsurance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForIncurredClaimsReinsurance" xlink:to="lab_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForIncurredClaimsReinsurance" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_OtherPaymentsRelatedToInvestmentActivities_ad2a7720-9241-4531-baf2-6de9c93b7369_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">Other payments related to investment activities</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="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_OtherPaymentsRelatedToInvestmentActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtherPaymentsRelatedToInvestmentActivities" xlink:to="lab_mapfre-2020-12-31_OtherPaymentsRelatedToInvestmentActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners_61cefdbd-3dd9-46c1-80b9-deabdb4551c4_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="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_IngresosFinancierosNetos_label_es" xlink:label="lab_mapfre-2020-12-31_IngresosFinancierosNetos" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Net financial income</link:label>
    <link:label id="lab_mapfre-2020-12-31_IngresosFinancierosNetos_documentation_es" xlink:label="lab_mapfre-2020-12-31_IngresosFinancierosNetos" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Ingresos financieros netos (+)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_IngresosFinancierosNetos" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_IngresosFinancierosNetos"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_IngresosFinancierosNetos" xlink:to="lab_mapfre-2020-12-31_IngresosFinancierosNetos" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_LossesOnOnerousContractGroupsAndReversalsOfThoseLosses_e674efe8-d47a-4804-b27e-7404b5d85b93_negatedLabel_es" xlink:label="lab_mapfre-2020-12-31_LossesOnOnerousContractGroupsAndReversalsOfThoseLosses" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Losses on onerous contract groups and reversals of those losses</link:label>
    <link:label id="lab_mapfre-2020-12-31_LossesOnOnerousContractGroupsAndReversalsOfThoseLosses_label_es" xlink:label="lab_mapfre-2020-12-31_LossesOnOnerousContractGroupsAndReversalsOfThoseLosses" 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 onerous contract groups and reversals of those losses</link:label>
    <link:label id="lab_mapfre-2020-12-31_LossesOnOnerousContractGroupsAndReversalsOfThoseLosses_documentation_es" xlink:label="lab_mapfre-2020-12-31_LossesOnOnerousContractGroupsAndReversalsOfThoseLosses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Losses on onerous contract groups and reversals of those losses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_LossesOnOnerousContractGroupsAndReversalsOfThoseLosses" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_LossesOnOnerousContractGroupsAndReversalsOfThoseLosses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_LossesOnOnerousContractGroupsAndReversalsOfThoseLosses" xlink:to="lab_mapfre-2020-12-31_LossesOnOnerousContractGroupsAndReversalsOfThoseLosses" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_COtrasReclasificaciones_label_es" xlink:label="lab_mapfre-2020-12-31_COtrasReclasificaciones" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">c) Other reclassifications</link:label>
    <link:label id="lab_mapfre-2020-12-31_COtrasReclasificaciones_documentation_es" xlink:label="lab_mapfre-2020-12-31_COtrasReclasificaciones" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">c) Otras reclasificaciones</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_COtrasReclasificaciones" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_COtrasReclasificaciones"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_COtrasReclasificaciones" xlink:to="lab_mapfre-2020-12-31_COtrasReclasificaciones" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_NegativeConsolidationDifferences_label_es" xlink:label="lab_mapfre-2020-12-31_NegativeConsolidationDifferences" 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 consolidation differences</link:label>
    <link:label id="lab_mapfre-2020-12-31_NegativeConsolidationDifferences_documentation_es" xlink:label="lab_mapfre-2020-12-31_NegativeConsolidationDifferences" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Negative consolidation differences</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_NegativeConsolidationDifferences" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_NegativeConsolidationDifferences"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_NegativeConsolidationDifferences" xlink:to="lab_mapfre-2020-12-31_NegativeConsolidationDifferences" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_PositiveExchangeRateDifferences_label_es" xlink:label="lab_mapfre-2020-12-31_PositiveExchangeRateDifferences" 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 exchange rate differences</link:label>
    <link:label id="lab_mapfre-2020-12-31_PositiveExchangeRateDifferences_documentation_es" xlink:label="lab_mapfre-2020-12-31_PositiveExchangeRateDifferences" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Positive exchange rate differences</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_PositiveExchangeRateDifferences" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_PositiveExchangeRateDifferences"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_PositiveExchangeRateDifferences" xlink:to="lab_mapfre-2020-12-31_PositiveExchangeRateDifferences" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderPAAForLiabilitiesForRemainingCoverage_label_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderPAAForLiabilitiesForRemainingCoverage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under PAA for Liabilities for remaining coverage</link:label>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderPAAForLiabilitiesForRemainingCoverage_documentation_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderPAAForLiabilitiesForRemainingCoverage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under PAA for Liabilities for remaining coverage</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderPAAForLiabilitiesForRemainingCoverage" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_MeasurementUnderPAAForLiabilitiesForRemainingCoverage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_MeasurementUnderPAAForLiabilitiesForRemainingCoverage" xlink:to="lab_mapfre-2020-12-31_MeasurementUnderPAAForLiabilitiesForRemainingCoverage" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchaseOfInvestmentProperty_8f5a838d-4a87-40de-98a4-0a666cc6eb39_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="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_mapfre-2020-12-31_RESULTADODEINGRESOSYGASTOSDEASEGURADORES_47d6a8c7-3354-429e-a2b5-1d33dec45f3f_totalLabel_es" xlink:label="lab_mapfre-2020-12-31_RESULTADODEINGRESOSYGASTOSDEASEGURADORES" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Result from other insurance revenue/expenses</link:label>
    <link:label id="lab_mapfre-2020-12-31_RESULTADODEINGRESOSYGASTOSDEASEGURADORES_label_es" xlink:label="lab_mapfre-2020-12-31_RESULTADODEINGRESOSYGASTOSDEASEGURADORES" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">RESULTADO DE INGRESOS Y GASTOS DE ASEGURADORES</link:label>
    <link:label id="lab_mapfre-2020-12-31_RESULTADODEINGRESOSYGASTOSDEASEGURADORES_documentation_es" xlink:label="lab_mapfre-2020-12-31_RESULTADODEINGRESOSYGASTOSDEASEGURADORES" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">RESULTADO DE INGRESOS Y GASTOS DE ASEGURADORES</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_RESULTADODEINGRESOSYGASTOSDEASEGURADORES" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_RESULTADODEINGRESOSYGASTOSDEASEGURADORES"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_RESULTADODEINGRESOSYGASTOSDEASEGURADORES" xlink:to="lab_mapfre-2020-12-31_RESULTADODEINGRESOSYGASTOSDEASEGURADORES" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LoansAndReceivables_721bb664-341f-4029-be10-3ff17e609af9_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">Préstamos y cuentas a cobrar</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LoansAndReceivables" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_e8b4fff7-2e23-4b30-8c27-4b3ea1baada3_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="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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"/>
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    <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>
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    <link:label id="lab_mapfre-2020-12-31_PurchaseOfEquityInstruments_658c5f26-d7cd-4f41-9c3d-111816302000_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">Purchase of equity instruments</link:label>
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    <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="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_PurchaseOfEquityInstruments"/>
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    <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>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsBeforeTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsBeforeTax"/>
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    <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="95980020140005693107-2023-12-31.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_MeasurementUnderVFAForAssetsForIncurredClaims_label_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderVFAForAssetsForIncurredClaims" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under VFA for Assets for incurred claims</link:label>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderVFAForAssetsForIncurredClaims_documentation_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderVFAForAssetsForIncurredClaims" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under VFA for Assets for incurred claims</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderVFAForAssetsForIncurredClaims" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_MeasurementUnderVFAForAssetsForIncurredClaims"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_MeasurementUnderVFAForAssetsForIncurredClaims" xlink:to="lab_mapfre-2020-12-31_MeasurementUnderVFAForAssetsForIncurredClaims" 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="95980020140005693107-2023-12-31.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_InsuranceFinanceIncomeExpenses_136a3140-914f-46c6-88e8-702617236e92_totalLabel_es" xlink:label="lab_ifrs-full_InsuranceFinanceIncomeExpenses" 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 financiero de contratos de seguro y reaseguro</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceFinanceIncomeExpenses" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InsuranceFinanceIncomeExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceFinanceIncomeExpenses" xlink:to="lab_ifrs-full_InsuranceFinanceIncomeExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_FinancialLiabilitiesFromIssueOfBondsAndOtherMarketableSecurities_label_es" xlink:label="lab_mapfre-2020-12-31_FinancialLiabilitiesFromIssueOfBondsAndOtherMarketableSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Financial Liabilities From Issue Of Bonds And Other Marketable Securities</link:label>
    <link:label id="lab_mapfre-2020-12-31_FinancialLiabilitiesFromIssueOfBondsAndOtherMarketableSecurities_documentation_es" xlink:label="lab_mapfre-2020-12-31_FinancialLiabilitiesFromIssueOfBondsAndOtherMarketableSecurities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Financial Liabilities From Issue Of Bonds And Other Marketable Securities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_FinancialLiabilitiesFromIssueOfBondsAndOtherMarketableSecurities" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_FinancialLiabilitiesFromIssueOfBondsAndOtherMarketableSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_FinancialLiabilitiesFromIssueOfBondsAndOtherMarketableSecurities" xlink:to="lab_mapfre-2020-12-31_FinancialLiabilitiesFromIssueOfBondsAndOtherMarketableSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForRemainingCoverageReinsurance_label_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForRemainingCoverageReinsurance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under BBA for Assets for remaining coverage (reinsurance)</link:label>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForRemainingCoverageReinsurance_documentation_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForRemainingCoverageReinsurance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under BBA for Assets for remaining coverage (reinsurance)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForRemainingCoverageReinsurance" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_MeasurementUnderBBAForAssetsForRemainingCoverageReinsurance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForRemainingCoverageReinsurance" xlink:to="lab_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForRemainingCoverageReinsurance" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OutflowsOfCashFromInvestingActivities_3342d042-6597-4bb5-8da4-98d1ea5b9be8_negatedLabel_es" xlink:label="lab_ifrs-full_OutflowsOfCashFromInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Salidas de efectivo por actividades de inversión</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OutflowsOfCashFromInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OutflowsOfCashFromInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OutflowsOfCashFromInvestingActivities" xlink:to="lab_ifrs-full_OutflowsOfCashFromInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ProceedsFromIssuingSharesAndOtherEquityInstruments_label_es" xlink:label="lab_mapfre-2020-12-31_ProceedsFromIssuingSharesAndOtherEquityInstruments" 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 issuing shares and Other Equity Instruments</link:label>
    <link:label id="lab_mapfre-2020-12-31_ProceedsFromIssuingSharesAndOtherEquityInstruments_documentation_es" xlink:label="lab_mapfre-2020-12-31_ProceedsFromIssuingSharesAndOtherEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Proceeds from issuing shares and Other Equity Instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ProceedsFromIssuingSharesAndOtherEquityInstruments" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_ProceedsFromIssuingSharesAndOtherEquityInstruments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ProceedsFromIssuingSharesAndOtherEquityInstruments" xlink:to="lab_mapfre-2020-12-31_ProceedsFromIssuingSharesAndOtherEquityInstruments" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_NetIncomeFromReinsuranceContractsHeldOtherThanFinanceIncome_label_es" xlink:label="lab_mapfre-2020-12-31_NetIncomeFromReinsuranceContractsHeldOtherThanFinanceIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Net income from reinsurance contracts held, other than finance income</link:label>
    <link:label id="lab_mapfre-2020-12-31_NetIncomeFromReinsuranceContractsHeldOtherThanFinanceIncome_documentation_es" xlink:label="lab_mapfre-2020-12-31_NetIncomeFromReinsuranceContractsHeldOtherThanFinanceIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Net income from reinsurance contracts held, other than finance income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_NetIncomeFromReinsuranceContractsHeldOtherThanFinanceIncome" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_NetIncomeFromReinsuranceContractsHeldOtherThanFinanceIncome"/>
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    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForRemainingCoverage_label_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForRemainingCoverage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under PAA for Assets for remaining coverage</link:label>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForRemainingCoverage_documentation_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForRemainingCoverage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under PAA for Assets for remaining coverage</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForRemainingCoverage" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_MeasurementUnderPAAForAssetsForRemainingCoverage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForRemainingCoverage" xlink:to="lab_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForRemainingCoverage" xlink:type="arc" order="1"/>
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    <link:label id="lab_mapfre-2020-12-31_AmountsTransferredToReserves_documentation_es" xlink:label="lab_mapfre-2020-12-31_AmountsTransferredToReserves" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Amounts transferred to reserves</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_AmountsTransferredToReserves" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_AmountsTransferredToReserves"/>
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    <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="95980020140005693107-2023-12-31.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_5162572f-e067-492f-bc60-79dfa741258a_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="95980020140005693107-2023-12-31.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_ReversalOfFinancialAssetImpairmentProvision_label_es" xlink:label="lab_mapfre-2020-12-31_ReversalOfFinancialAssetImpairmentProvision" 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 financial asset impairment provision</link:label>
    <link:label id="lab_mapfre-2020-12-31_ReversalOfFinancialAssetImpairmentProvision_documentation_es" xlink:label="lab_mapfre-2020-12-31_ReversalOfFinancialAssetImpairmentProvision" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Reversal of financial asset impairment provision</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ReversalOfFinancialAssetImpairmentProvision" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_ReversalOfFinancialAssetImpairmentProvision"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ReversalOfFinancialAssetImpairmentProvision" xlink:to="lab_mapfre-2020-12-31_ReversalOfFinancialAssetImpairmentProvision" 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="95980020140005693107-2023-12-31.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_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="95980020140005693107-2023-12-31.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_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="95980020140005693107-2023-12-31.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_MeasurementUnderBBAForAssetsForRemainingCoverage_label_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForRemainingCoverage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under BBA for Assets for remaining coverage</link:label>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForRemainingCoverage_documentation_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForRemainingCoverage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under BBA for Assets for remaining coverage</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForRemainingCoverage" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_MeasurementUnderBBAForAssetsForRemainingCoverage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForRemainingCoverage" xlink:to="lab_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForRemainingCoverage" 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="95980020140005693107-2023-12-31.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_ifrs-full_PaymentsForPremiumsAndClaimsAnnuitiesAndOtherPolicyBenefits_9d1482da-d666-4568-bc50-12de2b6bf664_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="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued_25ad935e-8b56-4404-bd91-6dc210a01f0b_negatedTotalLabel_es" xlink:label="lab_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Total de gastos del servicio de seguro procedentes de los contratos de seguro emitidos</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued" xlink:to="lab_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_NegativeExchangeRateDifferences_label_es" xlink:label="lab_mapfre-2020-12-31_NegativeExchangeRateDifferences" 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 exchange rate differences</link:label>
    <link:label id="lab_mapfre-2020-12-31_NegativeExchangeRateDifferences_documentation_es" xlink:label="lab_mapfre-2020-12-31_NegativeExchangeRateDifferences" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Negative exchange rate differences</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_NegativeExchangeRateDifferences" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_NegativeExchangeRateDifferences"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_NegativeExchangeRateDifferences" xlink:to="lab_mapfre-2020-12-31_NegativeExchangeRateDifferences" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ImpairmentLossOnFinancialAssets_df0ccd47-f2f3-49cd-99f2-0d6823341d07_negatedLabel_es" xlink:label="lab_ifrs-full_ImpairmentLossOnFinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Pérdida por deterioro del valor de activos financieros</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLossOnFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ImpairmentLossOnFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ImpairmentLossOnFinancialAssets" xlink:to="lab_ifrs-full_ImpairmentLossOnFinancialAssets" 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="95980020140005693107-2023-12-31.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_DebtsLiabilities_c4f74c6c-2e8c-44cb-a477-b83367f89cac_totalLabel_es" xlink:label="lab_mapfre-2020-12-31_DebtsLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Debts (Liabilities)</link:label>
    <link:label id="lab_mapfre-2020-12-31_DebtsLiabilities_label_es" xlink:label="lab_mapfre-2020-12-31_DebtsLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Debts (Liabilities)</link:label>
    <link:label id="lab_mapfre-2020-12-31_DebtsLiabilities_documentation_es" xlink:label="lab_mapfre-2020-12-31_DebtsLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Debts (Liabilities)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_DebtsLiabilities" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_DebtsLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_DebtsLiabilities" xlink:to="lab_mapfre-2020-12-31_DebtsLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_InsuranceReinsuranceFinanceRevenue_label_es" xlink:label="lab_mapfre-2020-12-31_InsuranceReinsuranceFinanceRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Insurance/Reinsurance finance revenue</link:label>
    <link:label id="lab_mapfre-2020-12-31_InsuranceReinsuranceFinanceRevenue_documentation_es" xlink:label="lab_mapfre-2020-12-31_InsuranceReinsuranceFinanceRevenue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Insurance/Reinsurance finance revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_InsuranceReinsuranceFinanceRevenue" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_InsuranceReinsuranceFinanceRevenue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_InsuranceReinsuranceFinanceRevenue" xlink:to="lab_mapfre-2020-12-31_InsuranceReinsuranceFinanceRevenue" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderVFAForLiabilitiesForIncurredClaims_label_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderVFAForLiabilitiesForIncurredClaims" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under VFA for Liabilities for incurred claims</link:label>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderVFAForLiabilitiesForIncurredClaims_documentation_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderVFAForLiabilitiesForIncurredClaims" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under VFA for Liabilities for incurred claims</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderVFAForLiabilitiesForIncurredClaims" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_MeasurementUnderVFAForLiabilitiesForIncurredClaims"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_MeasurementUnderVFAForLiabilitiesForIncurredClaims" xlink:to="lab_mapfre-2020-12-31_MeasurementUnderVFAForLiabilitiesForIncurredClaims" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_ad940cdf-4b49-47c4-8c9a-935fe1fac273_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="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:to="lab_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_5ebf0427-bf2c-4ad4-b12f-7b8684e77a33_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="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_MeasurementUnderBBAForLiabilitiesForRemainingCoverageReinsurance_label_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForRemainingCoverageReinsurance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under BBA for Liabilities for remaining coverage (reinsurance)</link:label>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForRemainingCoverageReinsurance_documentation_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForRemainingCoverageReinsurance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under BBA for Liabilities for remaining coverage (reinsurance)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForRemainingCoverageReinsurance" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForRemainingCoverageReinsurance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForRemainingCoverageReinsurance" xlink:to="lab_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForRemainingCoverageReinsurance" 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="95980020140005693107-2023-12-31.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_AShareInProfitsFromEquityAccountedCompanies_label_es" xlink:label="lab_mapfre-2020-12-31_AShareInProfitsFromEquityAccountedCompanies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">a)  Share in profits from equity-accounted companies</link:label>
    <link:label id="lab_mapfre-2020-12-31_AShareInProfitsFromEquityAccountedCompanies_documentation_es" xlink:label="lab_mapfre-2020-12-31_AShareInProfitsFromEquityAccountedCompanies" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">a)  Share in profits from equity-accounted companies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_AShareInProfitsFromEquityAccountedCompanies" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_AShareInProfitsFromEquityAccountedCompanies"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_AShareInProfitsFromEquityAccountedCompanies" xlink:to="lab_mapfre-2020-12-31_AShareInProfitsFromEquityAccountedCompanies" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForIncurredClaims_label_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForIncurredClaims" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under PAA for Assets for incurred claims</link:label>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForIncurredClaims_documentation_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForIncurredClaims" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under PAA for Assets for incurred claims</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForIncurredClaims" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_MeasurementUnderPAAForAssetsForIncurredClaims"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForIncurredClaims" xlink:to="lab_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForIncurredClaims" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares_9d4b1cb6-46b2-483b-8adf-3ba61ae612b9_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="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_NetExpensesFromReinsuranceContractsHeldOtherThanFinanceExpenses_a8afb0e3-b49e-42d0-af12-5cfb34dd62be_negatedLabel_es" xlink:label="lab_mapfre-2020-12-31_NetExpensesFromReinsuranceContractsHeldOtherThanFinanceExpenses" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Net expenses from reinsurance contracts held, other than finance expenses</link:label>
    <link:label id="lab_mapfre-2020-12-31_NetExpensesFromReinsuranceContractsHeldOtherThanFinanceExpenses_label_es" xlink:label="lab_mapfre-2020-12-31_NetExpensesFromReinsuranceContractsHeldOtherThanFinanceExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Net expenses from reinsurance contracts held, other than finance expenses</link:label>
    <link:label id="lab_mapfre-2020-12-31_NetExpensesFromReinsuranceContractsHeldOtherThanFinanceExpenses_documentation_es" xlink:label="lab_mapfre-2020-12-31_NetExpensesFromReinsuranceContractsHeldOtherThanFinanceExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Net expenses from reinsurance contracts held, other than finance income expenses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_NetExpensesFromReinsuranceContractsHeldOtherThanFinanceExpenses" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_NetExpensesFromReinsuranceContractsHeldOtherThanFinanceExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_NetExpensesFromReinsuranceContractsHeldOtherThanFinanceExpenses" xlink:to="lab_mapfre-2020-12-31_NetExpensesFromReinsuranceContractsHeldOtherThanFinanceExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_SumOfOtherCashFlowsFromOperatingActivity_1b090c87-0f4a-48aa-9f59-b5ef0261eba5_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">Other cash from operating activity</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="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_SumOfOtherCashFlowsFromOperatingActivity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_SumOfOtherCashFlowsFromOperatingActivity" xlink:to="lab_mapfre-2020-12-31_SumOfOtherCashFlowsFromOperatingActivity" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AcquisitionAndAdministrationExpenseRelatedToInsuranceContracts_cc12c9aa-bafd-40a1-8947-7ea739e30795_negatedLabel_es" xlink:label="lab_ifrs-full_AcquisitionAndAdministrationExpenseRelatedToInsuranceContracts" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Gastos de adquisición y administración relacionados con contratos de seguro</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AcquisitionAndAdministrationExpenseRelatedToInsuranceContracts" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AcquisitionAndAdministrationExpenseRelatedToInsuranceContracts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AcquisitionAndAdministrationExpenseRelatedToInsuranceContracts" xlink:to="lab_ifrs-full_AcquisitionAndAdministrationExpenseRelatedToInsuranceContracts" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_IngresoDelInmovilizadoYDeLasInversiones_label_es" xlink:label="lab_mapfre-2020-12-31_IngresoDelInmovilizadoYDeLasInversiones" 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 fixed assets and investments</link:label>
    <link:label id="lab_mapfre-2020-12-31_IngresoDelInmovilizadoYDeLasInversiones_documentation_es" xlink:label="lab_mapfre-2020-12-31_IngresoDelInmovilizadoYDeLasInversiones" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Ingreso del inmovilizado y de las inversiones</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_IngresoDelInmovilizadoYDeLasInversiones" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_IngresoDelInmovilizadoYDeLasInversiones"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_IngresoDelInmovilizadoYDeLasInversiones" xlink:to="lab_mapfre-2020-12-31_IngresoDelInmovilizadoYDeLasInversiones" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_OtherReclassificationsCurrencyConversionDifferences_label_es" xlink:label="lab_mapfre-2020-12-31_OtherReclassificationsCurrencyConversionDifferences" 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 reclassifications, currency conversion differences</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtherReclassificationsCurrencyConversionDifferences_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtherReclassificationsCurrencyConversionDifferences" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Otras reclasificaciones, diferencias de conversion</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_OtherReclassificationsCurrencyConversionDifferences" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_OtherReclassificationsCurrencyConversionDifferences"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtherReclassificationsCurrencyConversionDifferences" xlink:to="lab_mapfre-2020-12-31_OtherReclassificationsCurrencyConversionDifferences" 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="95980020140005693107-2023-12-31.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_MeasurementUnderVFAForLiabilitiesForRemainingCoverage_label_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderVFAForLiabilitiesForRemainingCoverage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under VFA for Liabilities for remaining coverage</link:label>
    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderVFAForLiabilitiesForRemainingCoverage_documentation_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderVFAForLiabilitiesForRemainingCoverage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under VFA for Liabilities for remaining coverage</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderVFAForLiabilitiesForRemainingCoverage" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_MeasurementUnderVFAForLiabilitiesForRemainingCoverage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_MeasurementUnderVFAForLiabilitiesForRemainingCoverage" xlink:to="lab_mapfre-2020-12-31_MeasurementUnderVFAForLiabilitiesForRemainingCoverage" 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="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_IncreaseDecreaseDueToCorrectionsOfPriorPeriodErrors"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_IncreaseDecreaseDueToCorrectionsOfPriorPeriodErrors" xlink:to="lab_mapfre-2020-12-31_IncreaseDecreaseDueToCorrectionsOfPriorPeriodErrors" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DividendsPaid_8c97e93d-64e9-4827-ba0f-3e81a80103cd_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="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_mapfre-2020-12-31_BImportesTransferidosALaCuentaDeResultados_label_es" xlink:label="lab_mapfre-2020-12-31_BImportesTransferidosALaCuentaDeResultados" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">b) Amounts transferred to P&amp;L</link:label>
    <link:label id="lab_mapfre-2020-12-31_BImportesTransferidosALaCuentaDeResultados_documentation_es" xlink:label="lab_mapfre-2020-12-31_BImportesTransferidosALaCuentaDeResultados" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">b) Importes transferidos a la cuenta de resultados</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_BImportesTransferidosALaCuentaDeResultados" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_BImportesTransferidosALaCuentaDeResultados"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_BImportesTransferidosALaCuentaDeResultados" xlink:to="lab_mapfre-2020-12-31_BImportesTransferidosALaCuentaDeResultados" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_CashFlowsFromTheInsuranceActivities_56e05b62-430b-4b70-bd1c-fe8241b26d68_totalLabel_es" xlink:label="lab_mapfre-2020-12-31_CashFlowsFromTheInsuranceActivities" 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 the insurance activities</link:label>
    <link:label id="lab_mapfre-2020-12-31_CashFlowsFromTheInsuranceActivities_label_es" xlink:label="lab_mapfre-2020-12-31_CashFlowsFromTheInsuranceActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cash flows from the insurance activities</link:label>
    <link:label id="lab_mapfre-2020-12-31_CashFlowsFromTheInsuranceActivities_documentation_es" xlink:label="lab_mapfre-2020-12-31_CashFlowsFromTheInsuranceActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Cash flows from the insurance activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_CashFlowsFromTheInsuranceActivities" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_CashFlowsFromTheInsuranceActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_CashFlowsFromTheInsuranceActivities" xlink:to="lab_mapfre-2020-12-31_CashFlowsFromTheInsuranceActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_AllowanceToTheAssetImpairmentProvisionOtherActivities_0222688a-e83d-46cc-9b49-bdfee272d376_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">Allowance to the asset impairment provision - Other activities</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>
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    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderPAAForLiabilitiesForRemainingCoverageReinsurance" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_MeasurementUnderPAAForLiabilitiesForRemainingCoverageReinsurance"/>
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    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ProvisionsForRisksAndExpenses" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_ProvisionsForRisksAndExpenses"/>
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    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForIncurredClaimsReinsurance_label_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForIncurredClaimsReinsurance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under BBA for Liabilities for incurred claims (reinsurance)</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForIncurredClaimsReinsurance" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_MeasurementUnderBBAForLiabilitiesForIncurredClaimsReinsurance"/>
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    <link:label id="lab_mapfre-2020-12-31_ResultFromReinsuranceService_9ee12d91-ff75-4fba-b5cf-12c69aeeca78_totalLabel_es" xlink:label="lab_mapfre-2020-12-31_ResultFromReinsuranceService" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Result from insurance and reinsurance service</link:label>
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    <link:label id="lab_mapfre-2020-12-31_MeasurementUnderPAAForLiabilitiesForIncurredClaimsReinsurance_label_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderPAAForLiabilitiesForIncurredClaimsReinsurance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="es">Measurement under PAA for Liabilities for incurred claims (reinsurance)</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderPAAForLiabilitiesForIncurredClaimsReinsurance" xlink:href="95980020140005693107-2023-12-31.xsd#mapfre-2020-12-31_MeasurementUnderPAAForLiabilitiesForIncurredClaimsReinsurance"/>
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