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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherCashPaymentsFromOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherCashPaymentsFromOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherCashPaymentsFromOperatingActivities" xlink:to="lab_ifrs-full_OtherCashPaymentsFromOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ShareInLossesFromEquityAccountedCompaniesOtherActivities_label_es" xlink:label="lab_mapfre-2020-12-31_ShareInLossesFromEquityAccountedCompaniesOtherActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Participacion perdida sociedades puesta equivalencia otras actividades</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" xml:lang="es">La cantidad de participación de sociedades puestas en equivalencia</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ShareInLossesFromEquityAccountedCompaniesOtherActivities" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_ShareInLossesFromEquityAccountedCompaniesOtherActivities"/>
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    <link:label id="lab_mapfre-2020-12-31_DiferenciasPositivasCambioOtrasActi_caedf73d-e833-4d80-a078-17ce72746b76_negatedLabel_es" xlink:label="lab_mapfre-2020-12-31_DiferenciasPositivasCambioOtrasActi" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="es">Positive exchange rate differences</link:label>
    <link:label id="lab_mapfre-2020-12-31_DiferenciasPositivasCambioOtrasActi_label_es" xlink:label="lab_mapfre-2020-12-31_DiferenciasPositivasCambioOtrasActi" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">diferencias positivas cambio otras acti</link:label>
    <link:label id="lab_mapfre-2020-12-31_DiferenciasPositivasCambioOtrasActi_documentation_es" xlink:label="lab_mapfre-2020-12-31_DiferenciasPositivasCambioOtrasActi" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">diferencias positivas cambio otras actividades</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_DiferenciasPositivasCambioOtrasActi" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_DiferenciasPositivasCambioOtrasActi"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_DiferenciasPositivasCambioOtrasActi" xlink:to="lab_mapfre-2020-12-31_DiferenciasPositivasCambioOtrasActi" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_BShareInLossesFromEquityAccountedCompanies_54bc1fb1-ea13-4008-9e23-8e06ceea9d19_negatedLabel_es" xlink:label="lab_mapfre-2020-12-31_BShareInLossesFromEquityAccountedCompanies" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="es">b)  Share in losses from equity-accounted companies</link:label>
    <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" xml:lang="es">Participacion perdidas sociedades puesta equivalencia</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" xml:lang="es">Participacion perdidas sociedades puesta equivalencia</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_BShareInLossesFromEquityAccountedCompanies" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_BShareInLossesFromEquityAccountedCompanies"/>
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    <link:label id="lab_mapfre-2020-12-31_OtrasVariacionesPatrimonioNeto_label_es" xlink:label="lab_mapfre-2020-12-31_OtrasVariacionesPatrimonioNeto" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Otras variaciones patrimonio neto</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtrasVariacionesPatrimonioNeto_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtrasVariacionesPatrimonioNeto" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Otras variaciones patrimonio neto</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_OtrasVariacionesPatrimonioNeto" xlink:to="lab_mapfre-2020-12-31_OtrasVariacionesPatrimonioNeto" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ValoracionBBAParaActivosPorPrestacionesIncurridas_label_es" xlink:label="lab_mapfre-2020-12-31_ValoracionBBAParaActivosPorPrestacionesIncurridas" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Valoracion BBA para Activos por prestaciones incurridas</link:label>
    <link:label id="lab_mapfre-2020-12-31_ValoracionBBAParaActivosPorPrestacionesIncurridas_documentation_es" xlink:label="lab_mapfre-2020-12-31_ValoracionBBAParaActivosPorPrestacionesIncurridas" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Valoracion BBA para Activos por prestaciones incurridas</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ValoracionBBAParaActivosPorPrestacionesIncurridas" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_ValoracionBBAParaActivosPorPrestacionesIncurridas"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ValoracionBBAParaActivosPorPrestacionesIncurridas" xlink:to="lab_mapfre-2020-12-31_ValoracionBBAParaActivosPorPrestacionesIncurridas" 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" xml:lang="es">Ajustes cambio valor [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" 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="95980020140005693107-2024-12-31.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" xml:lang="es">Ganancias perdidas valoracion contratos seguros</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" xml:lang="es">a) Ganancias (Pérdidas) por valoración</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_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" xml:lang="es">Resultado financiero</link:label>
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    <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" 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_ResultadoDelEjercicioAtribuibleSociedadDominante_label_es" xlink:label="lab_mapfre-2020-12-31_ResultadoDelEjercicioAtribuibleSociedadDominante" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Resultado del ejercicio atribuible sociedad dominante</link:label>
    <link:label id="lab_mapfre-2020-12-31_ResultadoDelEjercicioAtribuibleSociedadDominante_documentation_es" xlink:label="lab_mapfre-2020-12-31_ResultadoDelEjercicioAtribuibleSociedadDominante" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">El total del resultado del período atribuible a la sociedad dominante, Mapfre S.A.</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_ResultadoDelEjercicioAtribuibleSociedadDominante" xlink:to="lab_mapfre-2020-12-31_ResultadoDelEjercicioAtribuibleSociedadDominante" 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" xml:lang="es">Reservas [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" xml:lang="es">Reservas</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ReservesMember" xlink:href="95980020140005693107-2024-12-31.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_ParticipacionBeneficiosSociedadesPuestaEquivalencia_label_es" xlink:label="lab_mapfre-2020-12-31_ParticipacionBeneficiosSociedadesPuestaEquivalencia" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Participacion beneficios sociedades puesta equivalencia</link:label>
    <link:label id="lab_mapfre-2020-12-31_ParticipacionBeneficiosSociedadesPuestaEquivalencia_documentation_es" xlink:label="lab_mapfre-2020-12-31_ParticipacionBeneficiosSociedadesPuestaEquivalencia" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Participacion beneficios sociedades puesta equivalencia</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ParticipacionBeneficiosSociedadesPuestaEquivalencia" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_ParticipacionBeneficiosSociedadesPuestaEquivalencia"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ParticipacionBeneficiosSociedadesPuestaEquivalencia" xlink:to="lab_mapfre-2020-12-31_ParticipacionBeneficiosSociedadesPuestaEquivalencia" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_GastosServicioReaseguro_a8afb0e3-b49e-42d0-af12-5cfb34dd62be_negatedLabel_es" xlink:label="lab_mapfre-2020-12-31_GastosServicioReaseguro" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="es">Net expenses from reinsurance contracts held, other than finance expenses</link:label>
    <link:label id="lab_mapfre-2020-12-31_GastosServicioReaseguro_label_es" xlink:label="lab_mapfre-2020-12-31_GastosServicioReaseguro" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Gastos servicio reaseguro</link:label>
    <link:label id="lab_mapfre-2020-12-31_GastosServicioReaseguro_documentation_es" xlink:label="lab_mapfre-2020-12-31_GastosServicioReaseguro" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Gastos netos del servicio del reaseguro</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_GastosServicioReaseguro" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_GastosServicioReaseguro"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_GastosServicioReaseguro" xlink:to="lab_mapfre-2020-12-31_GastosServicioReaseguro" 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" 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" xml:lang="es">Gastos servicios seguro prestaciones y otros gastos</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" xml:lang="es">Gastos servicios seguro prestaciones y otros gastos</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_IncurredClaimsAndOtherInsuranceServiceExpenses" xlink:href="95980020140005693107-2024-12-31.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_IngresosDelServicioReaseguro_label_es" xlink:label="lab_mapfre-2020-12-31_IngresosDelServicioReaseguro" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Ingresos del servicio reaseguro</link:label>
    <link:label id="lab_mapfre-2020-12-31_IngresosDelServicioReaseguro_documentation_es" xlink:label="lab_mapfre-2020-12-31_IngresosDelServicioReaseguro" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Ingresos del servicio reaseguro</link:label>
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    <link:label id="lab_mapfre-2020-12-31_CobrosActividadFinanciacion_e3f5f4d5-b833-4068-b02f-3b5785d31e50_totalLabel_es" xlink:label="lab_mapfre-2020-12-31_CobrosActividadFinanciacion" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="es">Proceed from financing activities</link:label>
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    <link:label id="lab_mapfre-2020-12-31_CobrosActividadFinanciacion_documentation_es" xlink:label="lab_mapfre-2020-12-31_CobrosActividadFinanciacion" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Cobros actividad financiacion</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_CobrosActividadFinanciacion" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_CobrosActividadFinanciacion"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_CobrosActividadFinanciacion" xlink:to="lab_mapfre-2020-12-31_CobrosActividadFinanciacion" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ValoracionPAAPasivosCoberturaRestante_label_es" xlink:label="lab_mapfre-2020-12-31_ValoracionPAAPasivosCoberturaRestante" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Valoracion PAA pasivos cobertura restante</link:label>
    <link:label id="lab_mapfre-2020-12-31_ValoracionPAAPasivosCoberturaRestante_documentation_es" xlink:label="lab_mapfre-2020-12-31_ValoracionPAAPasivosCoberturaRestante" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Valoracion PAA pasivos cobertura restante</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ValoracionPAAPasivosCoberturaRestante" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_ValoracionPAAPasivosCoberturaRestante"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ValoracionPAAPasivosCoberturaRestante" xlink:to="lab_mapfre-2020-12-31_ValoracionPAAPasivosCoberturaRestante" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_PasivosFinancieorsPorEmisionObligacionesYValoresNegociables_label_es" xlink:label="lab_mapfre-2020-12-31_PasivosFinancieorsPorEmisionObligacionesYValoresNegociables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Pasivos financieors por emision obligaciones y valores negociables</link:label>
    <link:label id="lab_mapfre-2020-12-31_PasivosFinancieorsPorEmisionObligacionesYValoresNegociables_documentation_es" xlink:label="lab_mapfre-2020-12-31_PasivosFinancieorsPorEmisionObligacionesYValoresNegociables" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Pasivos financieors por emision obligaciones y valores negociables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_PasivosFinancieorsPorEmisionObligacionesYValoresNegociables" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_PasivosFinancieorsPorEmisionObligacionesYValoresNegociables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_PasivosFinancieorsPorEmisionObligacionesYValoresNegociables" xlink:to="lab_mapfre-2020-12-31_PasivosFinancieorsPorEmisionObligacionesYValoresNegociables" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ImportePasivoOtrasDeudasFiscales_label_es" xlink:label="lab_mapfre-2020-12-31_ImportePasivoOtrasDeudasFiscales" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Importe pasivo otras deudas fiscales</link:label>
    <link:label id="lab_mapfre-2020-12-31_ImportePasivoOtrasDeudasFiscales_documentation_es" xlink:label="lab_mapfre-2020-12-31_ImportePasivoOtrasDeudasFiscales" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">El importe de otras deudas fiscales.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ImportePasivoOtrasDeudasFiscales" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_ImportePasivoOtrasDeudasFiscales"/>
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    <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" 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" 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" 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="95980020140005693107-2024-12-31.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" xml:lang="es">Reaseguro valoracion PAA para activos por prestaciones incurridos</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" xml:lang="es">Reaseguro valoracion PAA para activos por prestaciones incurridos</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForIncurredClaimsReinsurance" xlink:href="95980020140005693107-2024-12-31.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_ResultadoFinancieroContratosSeguroReaseguro_09b3efaa-0a48-4c45-9a91-a9797abd5f34_totalLabel_es" xlink:label="lab_mapfre-2020-12-31_ResultadoFinancieroContratosSeguroReaseguro" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="es">Financial result not related to insurance service</link:label>
    <link:label id="lab_mapfre-2020-12-31_ResultadoFinancieroContratosSeguroReaseguro_label_es" xlink:label="lab_mapfre-2020-12-31_ResultadoFinancieroContratosSeguroReaseguro" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Resultado financiero contratos seguro reaseguro</link:label>
    <link:label id="lab_mapfre-2020-12-31_ResultadoFinancieroContratosSeguroReaseguro_documentation_es" xlink:label="lab_mapfre-2020-12-31_ResultadoFinancieroContratosSeguroReaseguro" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Resultado financiero contratos seguro reaseguro</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ResultadoFinancieroContratosSeguroReaseguro" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_ResultadoFinancieroContratosSeguroReaseguro"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ResultadoFinancieroContratosSeguroReaseguro" xlink:to="lab_mapfre-2020-12-31_ResultadoFinancieroContratosSeguroReaseguro" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_DiferenciasNegativasCambioOtrasActividades_label_es" xlink:label="lab_mapfre-2020-12-31_DiferenciasNegativasCambioOtrasActividades" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Diferencias negativas cambio otras actividades</link:label>
    <link:label id="lab_mapfre-2020-12-31_DiferenciasNegativasCambioOtrasActividades_documentation_es" xlink:label="lab_mapfre-2020-12-31_DiferenciasNegativasCambioOtrasActividades" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Diferencias negativas cambio otras actividades</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_DiferenciasNegativasCambioOtrasActividades" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_DiferenciasNegativasCambioOtrasActividades"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_DiferenciasNegativasCambioOtrasActividades" xlink:to="lab_mapfre-2020-12-31_DiferenciasNegativasCambioOtrasActividades" 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" 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_ReaseguroB_label_es" xlink:label="lab_mapfre-2020-12-31_ReaseguroB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Reaseguro B</link:label>
    <link:label id="lab_mapfre-2020-12-31_ReaseguroB_documentation_es" xlink:label="lab_mapfre-2020-12-31_ReaseguroB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Reaseguro Valoracion BBA para pasivo por prestaciones incurridas</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ReaseguroB" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_ReaseguroB"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ReaseguroB" xlink:to="lab_mapfre-2020-12-31_ReaseguroB" 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" 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" xml:lang="es">Valoracion VFA para activos cobertura restante</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" xml:lang="es">Valoracion VFA para activos cobertura restante</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderVFAForAssetsForRemainingCoverage" xlink:href="95980020140005693107-2024-12-31.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" xml:lang="es">Resultados atribuible propietarios dominante [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" 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="95980020140005693107-2024-12-31.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_CuentaACobrarALosAccionistasPorDesembolsosIncurridas_label_es" xlink:label="lab_mapfre-2020-12-31_CuentaACobrarALosAccionistasPorDesembolsosIncurridas" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Cuenta a cobrar a los accionistas por desembolsos incurridas</link:label>
    <link:label id="lab_mapfre-2020-12-31_CuentaACobrarALosAccionistasPorDesembolsosIncurridas_documentation_es" xlink:label="lab_mapfre-2020-12-31_CuentaACobrarALosAccionistasPorDesembolsosIncurridas" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">La cantidad de cuentas a cobrar por accionistas por desembolsos exigidos.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_CuentaACobrarALosAccionistasPorDesembolsosIncurridas" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_CuentaACobrarALosAccionistasPorDesembolsosIncurridas"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_CuentaACobrarALosAccionistasPorDesembolsosIncurridas" xlink:to="lab_mapfre-2020-12-31_CuentaACobrarALosAccionistasPorDesembolsosIncurridas" 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" xml:lang="es">Reaseguro Valoracion PAA para activos por cobertura restante</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" xml:lang="es">Reaseguro Valoracion PAA para activos por cobertura restante</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderPAAForAssetsForRemainingCoverageReinsurance" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_MeasurementUnderPAAForAssetsForRemainingCoverageReinsurance"/>
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    <link:label id="lab_mapfre-2020-12-31_OtrasOperacionesAccionesParticipacionesPropinas_label_es" xlink:label="lab_mapfre-2020-12-31_OtrasOperacionesAccionesParticipacionesPropinas" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Otras operaciones acciones participaciones propinas</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtrasOperacionesAccionesParticipacionesPropinas_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtrasOperacionesAccionesParticipacionesPropinas" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" 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_OtrasOperacionesAccionesParticipacionesPropinas" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_OtrasOperacionesAccionesParticipacionesPropinas"/>
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    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_OtrasReclasificacionesEntidadesValoradasMetodoParticipacion" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_OtrasReclasificacionesEntidadesValoradasMetodoParticipacion"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtrasReclasificacionesEntidadesValoradasMetodoParticipacion" xlink:to="lab_mapfre-2020-12-31_OtrasReclasificacionesEntidadesValoradasMetodoParticipacion" 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" 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"/>
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    <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" xml:lang="es">Reaseguro Valoracion BAA para activos por prestaciones incurridas</link:label>
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    <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" xml:lang="es">Ingresos financieros netos</link:label>
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    <link:label id="lab_mapfre-2020-12-31_IngresosGatosFinancierosContratosDeSeguro_label_es" xlink:label="lab_mapfre-2020-12-31_IngresosGatosFinancierosContratosDeSeguro" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Ingresos gatos financieros contratos de seguro</link:label>
    <link:label id="lab_mapfre-2020-12-31_IngresosGatosFinancierosContratosDeSeguro_documentation_es" xlink:label="lab_mapfre-2020-12-31_IngresosGatosFinancierosContratosDeSeguro" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Insurance/Reinsurance finance revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_IngresosGatosFinancierosContratosDeSeguro" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_IngresosGatosFinancierosContratosDeSeguro"/>
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    <link:label id="lab_mapfre-2020-12-31_OtrosFlujosDeCajaDeLaActividadOperativa_1b090c87-0f4a-48aa-9f59-b5ef0261eba5_totalLabel_es" xlink:label="lab_mapfre-2020-12-31_OtrosFlujosDeCajaDeLaActividadOperativa" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="es">Other cash from operating activity</link:label>
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    <link:label id="lab_mapfre-2020-12-31_OtrosFlujosDeCajaDeLaActividadOperativa_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtrosFlujosDeCajaDeLaActividadOperativa" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Otros flujos de caja de la actividad operativa</link:label>
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    <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" xml:lang="es">Otras reclasificaciones contratos seguros reaseguro</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" xml:lang="es">c) Otras reclasificaciones</link:label>
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    <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" xml:lang="es">Diferencias negativas consolidacion</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" xml:lang="es">Diferencias negativas consolidacion</link:label>
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    <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" 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"/>
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    <link:label id="lab_mapfre-2020-12-31_CobrosEmisionInstrumentoCapitalAmpliacionCapital_label_es" xlink:label="lab_mapfre-2020-12-31_CobrosEmisionInstrumentoCapitalAmpliacionCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Cobros emision instrumento capital ampliacion capital</link:label>
    <link:label id="lab_mapfre-2020-12-31_CobrosEmisionInstrumentoCapitalAmpliacionCapital_documentation_es" xlink:label="lab_mapfre-2020-12-31_CobrosEmisionInstrumentoCapitalAmpliacionCapital" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Cobros emision instrumento capital ampliacion capital</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_CobrosEmisionInstrumentoCapitalAmpliacionCapital" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_CobrosEmisionInstrumentoCapitalAmpliacionCapital"/>
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    <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" xml:lang="es">Result from other insurance revenue/expenses</link:label>
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    <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" 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"/>
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    <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" xml:lang="es">Impuesto sobre las ganancias relativo a componentes de otro resultado global que no se reclasificarán en resultados</link:label>
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    <link:label id="lab_ifrs-full_PurchaseOfInterestsInAssociates_ee335659-4d6b-4155-bcf8-53ff34f5d7e5_negatedTerseLabel_es" xlink:label="lab_ifrs-full_PurchaseOfInterestsInAssociates" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="es">Purchase of interests in associates</link:label>
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    <link:label id="lab_mapfre-2020-12-31_ValoracionPAAParaActivosPorPrestacionesIncurridas_label_es" xlink:label="lab_mapfre-2020-12-31_ValoracionPAAParaActivosPorPrestacionesIncurridas" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Valoracion PAA para activos por prestaciones incurridas</link:label>
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    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperations_682e612c-1918-443a-9b80-e82fb737769c_totalLabel_es" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperations" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="es">Cash flows from (used in) operations</link:label>
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    <link:label id="lab_mapfre-2020-12-31_ResultadoReexpresionEstadosFinancieros_label_es" xlink:label="lab_mapfre-2020-12-31_ResultadoReexpresionEstadosFinancieros" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Resultado reexpresion estados financieros</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ValoracionVFAPasivoPorPrestacionesIncurridas" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_ValoracionVFAPasivoPorPrestacionesIncurridas"/>
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    <link:label id="lab_mapfre-2020-12-31_IngresosGastosContratosReaseguro_8e68dd2e-b652-44e9-82a8-27e742f72d1f_negatedLabel_es" xlink:label="lab_mapfre-2020-12-31_IngresosGastosContratosReaseguro" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="es">Insurance/Reinsurance finance expenses</link:label>
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    <link:label id="lab_mapfre-2020-12-31_FlujoDeCajaActividadAseguradora_56e05b62-430b-4b70-bd1c-fe8241b26d68_totalLabel_es" xlink:label="lab_mapfre-2020-12-31_FlujoDeCajaActividadAseguradora" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="es">Cash flows from the insurance activities</link:label>
    <link:label id="lab_mapfre-2020-12-31_FlujoDeCajaActividadAseguradora_label_es" xlink:label="lab_mapfre-2020-12-31_FlujoDeCajaActividadAseguradora" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Flujo de caja actividad aseguradora</link:label>
    <link:label id="lab_mapfre-2020-12-31_FlujoDeCajaActividadAseguradora_documentation_es" xlink:label="lab_mapfre-2020-12-31_FlujoDeCajaActividadAseguradora" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Flujo de caja actividad aseguradora</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_FlujoDeCajaActividadAseguradora" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_FlujoDeCajaActividadAseguradora"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_FlujoDeCajaActividadAseguradora" xlink:to="lab_mapfre-2020-12-31_FlujoDeCajaActividadAseguradora" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_AumentoReduccionCapital_label_es" xlink:label="lab_mapfre-2020-12-31_AumentoReduccionCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Aumento reduccion capital</link:label>
    <link:label id="lab_mapfre-2020-12-31_AumentoReduccionCapital_documentation_es" xlink:label="lab_mapfre-2020-12-31_AumentoReduccionCapital" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">La cantidad de aumento/dismunición de capital</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_AumentoReduccionCapital" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_AumentoReduccionCapital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_AumentoReduccionCapital" xlink:to="lab_mapfre-2020-12-31_AumentoReduccionCapital" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsBeforeTax_f6115ae0-b875-47b4-96ea-953ae565de2e_negatedTerseLabel_es" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsBeforeTax" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="es">Reclassification adjustments on available-for-sale financial assets, before tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsBeforeTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsBeforeTax" xlink:to="lab_ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_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" 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_MeasurementUnderBBAForAssetsForRemainingCoverageReinsurance_label_es" xlink:label="lab_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForRemainingCoverageReinsurance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Reaseguro Valoracion BAA para activos por cobertura restante</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" xml:lang="es">Reaseguro Valoracion BAA para activos por cobertura restante</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_MeasurementUnderBBAForAssetsForRemainingCoverageReinsurance" xlink:href="95980020140005693107-2024-12-31.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_mapfre-2020-12-31_Inversiones_2d445774-e5a2-4a90-9c74-149811a844f0_totalLabel_es" xlink:label="lab_mapfre-2020-12-31_Inversiones" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="es">Inversiones</link:label>
    <link:label id="lab_mapfre-2020-12-31_Inversiones_label_es" xlink:label="lab_mapfre-2020-12-31_Inversiones" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Inversiones</link:label>
    <link:label id="lab_mapfre-2020-12-31_Inversiones_documentation_es" xlink:label="lab_mapfre-2020-12-31_Inversiones" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Total de inversiones del activo</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_Inversiones" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_Inversiones"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_Inversiones" xlink:to="lab_mapfre-2020-12-31_Inversiones" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ReaseguroValoracionPAAPasivosPrestacionesIncurridas_label_es" xlink:label="lab_mapfre-2020-12-31_ReaseguroValoracionPAAPasivosPrestacionesIncurridas" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Reaseguro Valoracion PAA pasivos prestaciones incurridas</link:label>
    <link:label id="lab_mapfre-2020-12-31_ReaseguroValoracionPAAPasivosPrestacionesIncurridas_documentation_es" xlink:label="lab_mapfre-2020-12-31_ReaseguroValoracionPAAPasivosPrestacionesIncurridas" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Reaseguro Valoracion PAA pasivos prestaciones incurridas</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ReaseguroValoracionPAAPasivosPrestacionesIncurridas" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_ReaseguroValoracionPAAPasivosPrestacionesIncurridas"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ReaseguroValoracionPAAPasivosPrestacionesIncurridas" xlink:to="lab_mapfre-2020-12-31_ReaseguroValoracionPAAPasivosPrestacionesIncurridas" 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" 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_C_658c5f26-d7cd-4f41-9c3d-111816302000_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_C" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="es">Purchase of equity instruments</link:label>
    <link:label id="lab_mapfre-2020-12-31_C_label_es" xlink:label="lab_mapfre-2020-12-31_C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Salida caja compra participaciones actividad inversion</link:label>
    <link:label id="lab_mapfre-2020-12-31_C_documentation_es" xlink:label="lab_mapfre-2020-12-31_C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">The amount of purchase of equity instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_C" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_C"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_C" xlink:to="lab_mapfre-2020-12-31_C" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_OtrasReclasificacionesDiferenciasDeConversion_label_es" xlink:label="lab_mapfre-2020-12-31_OtrasReclasificacionesDiferenciasDeConversion" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Otras reclasificaciones, diferencias de conversion</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtrasReclasificacionesDiferenciasDeConversion_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtrasReclasificacionesDiferenciasDeConversion" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Otras reclasificaciones, diferencias de conversion</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_OtrasReclasificacionesDiferenciasDeConversion" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_OtrasReclasificacionesDiferenciasDeConversion"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtrasReclasificacionesDiferenciasDeConversion" xlink:to="lab_mapfre-2020-12-31_OtrasReclasificacionesDiferenciasDeConversion" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_E_label_es" xlink:label="lab_mapfre-2020-12-31_E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Valoracion BBA para activos por cobertura restante</link:label>
    <link:label id="lab_mapfre-2020-12-31_E_documentation_es" xlink:label="lab_mapfre-2020-12-31_E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Valoracion BBA para activos por cobertura restante</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_E" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_E"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_E" xlink:to="lab_mapfre-2020-12-31_E" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_RESULTADODELSERVICIODESEGUROYREASEGURO_9ee12d91-ff75-4fba-b5cf-12c69aeeca78_totalLabel_es" xlink:label="lab_mapfre-2020-12-31_RESULTADODELSERVICIODESEGUROYREASEGURO" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="es">Result from insurance and reinsurance service</link:label>
    <link:label id="lab_mapfre-2020-12-31_RESULTADODELSERVICIODESEGUROYREASEGURO_label_es" xlink:label="lab_mapfre-2020-12-31_RESULTADODELSERVICIODESEGUROYREASEGURO" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">RESULTADO DEL SERVICIO DE SEGURO Y REASEGURO</link:label>
    <link:label id="lab_mapfre-2020-12-31_RESULTADODELSERVICIODESEGUROYREASEGURO_documentation_es" xlink:label="lab_mapfre-2020-12-31_RESULTADODELSERVICIODESEGUROYREASEGURO" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">RESULTADO DEL SERVICIO DE SEGURO Y REASEGURO</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_RESULTADODELSERVICIODESEGUROYREASEGURO" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_RESULTADODELSERVICIODESEGUROYREASEGURO"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_RESULTADODELSERVICIODESEGUROYREASEGURO" xlink:to="lab_mapfre-2020-12-31_RESULTADODELSERVICIODESEGUROYREASEGURO" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_R_bfe7d6bd-ed6f-489e-a4b3-6fdf4ed52f00_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_R" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" 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_R_label_es" xlink:label="lab_mapfre-2020-12-31_R" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Importes transferidos cuenta resultado metodo participacion</link:label>
    <link:label id="lab_mapfre-2020-12-31_R_documentation_es" xlink:label="lab_mapfre-2020-12-31_R" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Importes transferidos cuenta resultado metodo participacion</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_R" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_R"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_R" xlink:to="lab_mapfre-2020-12-31_R" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_S_label_es" xlink:label="lab_mapfre-2020-12-31_S" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Valoracio VFA para activos por prestaciones incurridas</link:label>
    <link:label id="lab_mapfre-2020-12-31_S_documentation_es" xlink:label="lab_mapfre-2020-12-31_S" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Valoracio VFA para activos por prestaciones incurridas</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_S" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_S"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_S" xlink:to="lab_mapfre-2020-12-31_S" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_O_950b200e-d087-47fc-8077-50a8e7824873_negatedTotalLabel_es" xlink:label="lab_mapfre-2020-12-31_O" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="es">Other cash payment from financing activities</link:label>
    <link:label id="lab_mapfre-2020-12-31_O_label_es" xlink:label="lab_mapfre-2020-12-31_O" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Pagos total actividad financiacio</link:label>
    <link:label id="lab_mapfre-2020-12-31_O_documentation_es" xlink:label="lab_mapfre-2020-12-31_O" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Pagos total actividad financiacio</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_O" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_O"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_O" xlink:to="lab_mapfre-2020-12-31_O" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_P_label_es" xlink:label="lab_mapfre-2020-12-31_P" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Otros ingresos y gastos reconocidos</link:label>
    <link:label id="lab_mapfre-2020-12-31_P_documentation_es" xlink:label="lab_mapfre-2020-12-31_P" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Otros ingresos y gastos reconocidos</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_P" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_P"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_P" xlink:to="lab_mapfre-2020-12-31_P" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_I_c4f74c6c-2e8c-44cb-a477-b83367f89cac_totalLabel_es" xlink:label="lab_mapfre-2020-12-31_I" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="es">Debts (Liabilities)</link:label>
    <link:label id="lab_mapfre-2020-12-31_I_label_es" xlink:label="lab_mapfre-2020-12-31_I" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Deudas (pasivo)</link:label>
    <link:label id="lab_mapfre-2020-12-31_I_documentation_es" xlink:label="lab_mapfre-2020-12-31_I" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Deudas (pasivo)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_I" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_I"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_I" xlink:to="lab_mapfre-2020-12-31_I" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ValoracionBBAPasivosCoberturaRestante_label_es" xlink:label="lab_mapfre-2020-12-31_ValoracionBBAPasivosCoberturaRestante" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">valoracion BBA pasivos cobertura restante</link:label>
    <link:label id="lab_mapfre-2020-12-31_ValoracionBBAPasivosCoberturaRestante_documentation_es" xlink:label="lab_mapfre-2020-12-31_ValoracionBBAPasivosCoberturaRestante" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Valoración BBA para Pasivos por cobertura restante</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ValoracionBBAPasivosCoberturaRestante" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_ValoracionBBAPasivosCoberturaRestante"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ValoracionBBAPasivosCoberturaRestante" xlink:to="lab_mapfre-2020-12-31_ValoracionBBAPasivosCoberturaRestante" 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" 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" xml:lang="es">Otros gastos no tecnicos</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" xml:lang="es">La cantidad de gastos no técnicos</link:label>
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    <link:label id="lab_mapfre-2020-12-31_OtrosPagosActividadInversion_ad2a7720-9241-4531-baf2-6de9c93b7369_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_OtrosPagosActividadInversion" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="es">Other payments related to investment activities</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtrosPagosActividadInversion_label_es" xlink:label="lab_mapfre-2020-12-31_OtrosPagosActividadInversion" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Otros pagos actividad inversion</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtrosPagosActividadInversion_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtrosPagosActividadInversion" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" 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_OtrosPagosActividadInversion" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_OtrosPagosActividadInversion"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtrosPagosActividadInversion" xlink:to="lab_mapfre-2020-12-31_OtrosPagosActividadInversion" 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" xml:lang="es">Creditos sociales y otros</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" 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="95980020140005693107-2024-12-31.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_ProvisionesPorRiesgosYGastos_label_es" xlink:label="lab_mapfre-2020-12-31_ProvisionesPorRiesgosYGastos" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Provisiones por riesgos y gastos</link:label>
    <link:label id="lab_mapfre-2020-12-31_ProvisionesPorRiesgosYGastos_documentation_es" xlink:label="lab_mapfre-2020-12-31_ProvisionesPorRiesgosYGastos" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Incluye disposiciones para el pago de impuestos, disposiciones para el pago de acuerdos de liquidación, disposiciones para la reestructuración, otras disposiciones para compromisos relacionados con el personal y otras disposiciones.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ProvisionesPorRiesgosYGastos" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_ProvisionesPorRiesgosYGastos"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ProvisionesPorRiesgosYGastos" xlink:to="lab_mapfre-2020-12-31_ProvisionesPorRiesgosYGastos" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_InmueblesDeUsoPropio_label_es" xlink:label="lab_mapfre-2020-12-31_InmueblesDeUsoPropio" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Inmuebles de uso propio</link:label>
    <link:label id="lab_mapfre-2020-12-31_InmueblesDeUsoPropio_documentation_es" xlink:label="lab_mapfre-2020-12-31_InmueblesDeUsoPropio" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" 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_InmueblesDeUsoPropio" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_InmueblesDeUsoPropio"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_InmueblesDeUsoPropio" xlink:to="lab_mapfre-2020-12-31_InmueblesDeUsoPropio" 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" 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_mapfre-2020-12-31_ValoracionBBAPasivosPrestacionesIncurridas_label_es" xlink:label="lab_mapfre-2020-12-31_ValoracionBBAPasivosPrestacionesIncurridas" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Valoracion BBA pasivos prestaciones incurridas</link:label>
    <link:label id="lab_mapfre-2020-12-31_ValoracionBBAPasivosPrestacionesIncurridas_documentation_es" xlink:label="lab_mapfre-2020-12-31_ValoracionBBAPasivosPrestacionesIncurridas" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Valoracion BBA pasivos prestaciones incurridas</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ValoracionBBAPasivosPrestacionesIncurridas" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_ValoracionBBAPasivosPrestacionesIncurridas"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ValoracionBBAPasivosPrestacionesIncurridas" xlink:to="lab_mapfre-2020-12-31_ValoracionBBAPasivosPrestacionesIncurridas" 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" 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_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" 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_OtrosPagosActividadFinanciacion_27a1820a-db2b-4f2d-83e6-02f284b15352_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_OtrosPagosActividadFinanciacion" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="es">Other payments related to financing activities</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtrosPagosActividadFinanciacion_label_es" xlink:label="lab_mapfre-2020-12-31_OtrosPagosActividadFinanciacion" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Otros pagos actividad financiacion</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtrosPagosActividadFinanciacion_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtrosPagosActividadFinanciacion" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" 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_OtrosPagosActividadFinanciacion" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_OtrosPagosActividadFinanciacion"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtrosPagosActividadFinanciacion" xlink:to="lab_mapfre-2020-12-31_OtrosPagosActividadFinanciacion" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_DotacionProvIsionDeterioroActivosOtrasActividaes_0222688a-e83d-46cc-9b49-bdfee272d376_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_DotacionProvIsionDeterioroActivosOtrasActividaes" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="es">Allowance to the asset impairment provision - Other activities</link:label>
    <link:label id="lab_mapfre-2020-12-31_DotacionProvIsionDeterioroActivosOtrasActividaes_label_es" xlink:label="lab_mapfre-2020-12-31_DotacionProvIsionDeterioroActivosOtrasActividaes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Dotacion prov ision deterioro activos otras actividaes</link:label>
    <link:label id="lab_mapfre-2020-12-31_DotacionProvIsionDeterioroActivosOtrasActividaes_documentation_es" xlink:label="lab_mapfre-2020-12-31_DotacionProvIsionDeterioroActivosOtrasActividaes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">La cantidad de dotación a provisión por deterioro de activos</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_DotacionProvIsionDeterioroActivosOtrasActividaes" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_DotacionProvIsionDeterioroActivosOtrasActividaes"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_DotacionProvIsionDeterioroActivosOtrasActividaes" xlink:to="lab_mapfre-2020-12-31_DotacionProvIsionDeterioroActivosOtrasActividaes" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ReaseguroValoracionPAAPasivosCoberturaRestante_label_es" xlink:label="lab_mapfre-2020-12-31_ReaseguroValoracionPAAPasivosCoberturaRestante" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Reaseguro Valoracion PAA pasivos cobertura restante</link:label>
    <link:label id="lab_mapfre-2020-12-31_ReaseguroValoracionPAAPasivosCoberturaRestante_documentation_es" xlink:label="lab_mapfre-2020-12-31_ReaseguroValoracionPAAPasivosCoberturaRestante" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Reaseguro Valoracion PAA pasivos cobertura restante</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ReaseguroValoracionPAAPasivosCoberturaRestante" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_ReaseguroValoracionPAAPasivosCoberturaRestante"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ReaseguroValoracionPAAPasivosCoberturaRestante" xlink:to="lab_mapfre-2020-12-31_ReaseguroValoracionPAAPasivosCoberturaRestante" 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" 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_mapfre-2020-12-31_PerdidasGananciasValoracionEntidadesMetodoParticipacion_label_es" xlink:label="lab_mapfre-2020-12-31_PerdidasGananciasValoracionEntidadesMetodoParticipacion" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Perdidas ganancias valoracion entidades metodo participacion</link:label>
    <link:label id="lab_mapfre-2020-12-31_PerdidasGananciasValoracionEntidadesMetodoParticipacion_documentation_es" xlink:label="lab_mapfre-2020-12-31_PerdidasGananciasValoracionEntidadesMetodoParticipacion" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Perdidas ganancias valoracion entidades metodo participacion</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_PerdidasGananciasValoracionEntidadesMetodoParticipacion" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_PerdidasGananciasValoracionEntidadesMetodoParticipacion"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_PerdidasGananciasValoracionEntidadesMetodoParticipacion" xlink:to="lab_mapfre-2020-12-31_PerdidasGananciasValoracionEntidadesMetodoParticipacion" 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" 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_CobrosPorCambiosEnElImporteParticipaciones_label_es" xlink:label="lab_mapfre-2020-12-31_CobrosPorCambiosEnElImporteParticipaciones" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">cobros por cambios en el importe participaciones</link:label>
    <link:label id="lab_mapfre-2020-12-31_CobrosPorCambiosEnElImporteParticipaciones_documentation_es" xlink:label="lab_mapfre-2020-12-31_CobrosPorCambiosEnElImporteParticipaciones" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">cobros por cambios en el importe participaciones</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_CobrosPorCambiosEnElImporteParticipaciones" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_CobrosPorCambiosEnElImporteParticipaciones"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_CobrosPorCambiosEnElImporteParticipaciones" xlink:to="lab_mapfre-2020-12-31_CobrosPorCambiosEnElImporteParticipaciones" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_V_label_es" xlink:label="lab_mapfre-2020-12-31_V" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Reaseguro valoracion BAA para pasivos por cobertura restante</link:label>
    <link:label id="lab_mapfre-2020-12-31_V_documentation_es" xlink:label="lab_mapfre-2020-12-31_V" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Reaseguro valoracion BAA para pasivos por cobertura restante</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_V" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_V"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_V" xlink:to="lab_mapfre-2020-12-31_V" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_OtrosCobrosActividadesInversion_label_es" xlink:label="lab_mapfre-2020-12-31_OtrosCobrosActividadesInversion" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Otros cobros actividades inversion</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtrosCobrosActividadesInversion_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtrosCobrosActividadesInversion" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Otros cobros relacionados con actividades de inversión.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_OtrosCobrosActividadesInversion" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_OtrosCobrosActividadesInversion"/>
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    <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" 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_ValoracionPAAPasivosPorPrestacionesIncurridas_label_es" xlink:label="lab_mapfre-2020-12-31_ValoracionPAAPasivosPorPrestacionesIncurridas" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Valoracion PAA pasivos por prestaciones incurridas</link:label>
    <link:label id="lab_mapfre-2020-12-31_ValoracionPAAPasivosPorPrestacionesIncurridas_documentation_es" xlink:label="lab_mapfre-2020-12-31_ValoracionPAAPasivosPorPrestacionesIncurridas" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" 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_ValoracionPAAPasivosPorPrestacionesIncurridas" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_ValoracionPAAPasivosPorPrestacionesIncurridas"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ValoracionPAAPasivosPorPrestacionesIncurridas" xlink:to="lab_mapfre-2020-12-31_ValoracionPAAPasivosPorPrestacionesIncurridas" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_OtrosCobrosActividadFinanciacio_label_es" xlink:label="lab_mapfre-2020-12-31_OtrosCobrosActividadFinanciacio" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Otros cobros actividad financiacio</link:label>
    <link:label id="lab_mapfre-2020-12-31_OtrosCobrosActividadFinanciacio_documentation_es" xlink:label="lab_mapfre-2020-12-31_OtrosCobrosActividadFinanciacio" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" 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_OtrosCobrosActividadFinanciacio" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_OtrosCobrosActividadFinanciacio"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_OtrosCobrosActividadFinanciacio" xlink:to="lab_mapfre-2020-12-31_OtrosCobrosActividadFinanciacio" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ActivoPeriodificaciones_label_es" xlink:label="lab_mapfre-2020-12-31_ActivoPeriodificaciones" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Ajustes por periodificacion activo</link:label>
    <link:label id="lab_mapfre-2020-12-31_ActivoPeriodificaciones_documentation_es" xlink:label="lab_mapfre-2020-12-31_ActivoPeriodificaciones" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" 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_ActivoPeriodificaciones" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_ActivoPeriodificaciones"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ActivoPeriodificaciones" xlink:to="lab_mapfre-2020-12-31_ActivoPeriodificaciones" 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" 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"/>
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    <link:label id="lab_mapfre-2020-12-31_ReversionProvisionDeterioroActivosOtrasActividades_label_es" xlink:label="lab_mapfre-2020-12-31_ReversionProvisionDeterioroActivosOtrasActividades" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Reversion provision deterioro activos otras actividades</link:label>
    <link:label id="lab_mapfre-2020-12-31_ReversionProvisionDeterioroActivosOtrasActividades_documentation_es" xlink:label="lab_mapfre-2020-12-31_ReversionProvisionDeterioroActivosOtrasActividades" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" 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_ReversionProvisionDeterioroActivosOtrasActividades" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_ReversionProvisionDeterioroActivosOtrasActividades"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ReversionProvisionDeterioroActivosOtrasActividades" xlink:to="lab_mapfre-2020-12-31_ReversionProvisionDeterioroActivosOtrasActividades" 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" xml:lang="es">Ingreso del inmovilizado y de las inversiones</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" 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="95980020140005693107-2024-12-31.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_ShareInProfitsFromEquityAccountedCompaniesOtherActivities_label_es" xlink:label="lab_mapfre-2020-12-31_ShareInProfitsFromEquityAccountedCompaniesOtherActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">participación en beneficios de sociedades puestas en equivalencia otras actividades</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" 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="95980020140005693107-2024-12-31.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_ValoracionVFAParaPasivosPorCoberturaRestante_label_es" xlink:label="lab_mapfre-2020-12-31_ValoracionVFAParaPasivosPorCoberturaRestante" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Valoracion VFA para pasivos por cobertura restante</link:label>
    <link:label id="lab_mapfre-2020-12-31_ValoracionVFAParaPasivosPorCoberturaRestante_documentation_es" xlink:label="lab_mapfre-2020-12-31_ValoracionVFAParaPasivosPorCoberturaRestante" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Valoracion VFA para pasivos por cobertura restante</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ValoracionVFAParaPasivosPorCoberturaRestante" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_ValoracionVFAParaPasivosPorCoberturaRestante"/>
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    <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" 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" xml:lang="es">Importes transferidos a la cuenta resultados contratos seguros</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" 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="95980020140005693107-2024-12-31.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_ValoracionPAAParaActivosPorCobreturaRestante_label_es" xlink:label="lab_mapfre-2020-12-31_ValoracionPAAParaActivosPorCobreturaRestante" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Valoracion PAA para activos por cobretura restante</link:label>
    <link:label id="lab_mapfre-2020-12-31_ValoracionPAAParaActivosPorCobreturaRestante_documentation_es" xlink:label="lab_mapfre-2020-12-31_ValoracionPAAParaActivosPorCobreturaRestante" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Valoracion PAA para activos por cobretura restante</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ValoracionPAAParaActivosPorCobreturaRestante" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_ValoracionPAAParaActivosPorCobreturaRestante"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ValoracionPAAParaActivosPorCobreturaRestante" xlink:to="lab_mapfre-2020-12-31_ValoracionPAAParaActivosPorCobreturaRestante" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ResultadoDelServicioDeReaseguro_4801866b-0130-4ebd-ac9e-062e9ac4736e_totalLabel_es" xlink:label="lab_mapfre-2020-12-31_ResultadoDelServicioDeReaseguro" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="es">Result from reinsurance service</link:label>
    <link:label id="lab_mapfre-2020-12-31_ResultadoDelServicioDeReaseguro_label_es" xlink:label="lab_mapfre-2020-12-31_ResultadoDelServicioDeReaseguro" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Resultado del servicio de reaseguro</link:label>
    <link:label id="lab_mapfre-2020-12-31_ResultadoDelServicioDeReaseguro_documentation_es" xlink:label="lab_mapfre-2020-12-31_ResultadoDelServicioDeReaseguro" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Resultado del servicio de reaseguro</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ResultadoDelServicioDeReaseguro" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_ResultadoDelServicioDeReaseguro"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ResultadoDelServicioDeReaseguro" xlink:to="lab_mapfre-2020-12-31_ResultadoDelServicioDeReaseguro" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_PagosDevolucionAportacionesAccionistas_91334e4e-3ceb-4011-8a42-79059056496e_negatedLabel_es" xlink:label="lab_mapfre-2020-12-31_PagosDevolucionAportacionesAccionistas" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="es">Payments on return of shareholders' contributions</link:label>
    <link:label id="lab_mapfre-2020-12-31_PagosDevolucionAportacionesAccionistas_label_es" xlink:label="lab_mapfre-2020-12-31_PagosDevolucionAportacionesAccionistas" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Pagos devolucion aportaciones accionistas</link:label>
    <link:label id="lab_mapfre-2020-12-31_PagosDevolucionAportacionesAccionistas_documentation_es" xlink:label="lab_mapfre-2020-12-31_PagosDevolucionAportacionesAccionistas" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">El importe de la adquisición de valores propios</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_PagosDevolucionAportacionesAccionistas" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_PagosDevolucionAportacionesAccionistas"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_PagosDevolucionAportacionesAccionistas" xlink:to="lab_mapfre-2020-12-31_PagosDevolucionAportacionesAccionistas" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_56eda24f-3479-43dd-9944-65d4752d06f5_totalLabel_es" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="es">Cash flows from (used in) investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InflowsOfCashFromInvestingActivities_7de19c46-9eeb-45ed-a280-49fd7debdfd5_totalLabel_es" xlink:label="lab_ifrs-full_InflowsOfCashFromInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="es">Cobros de actividades de las actividades de inversión</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InflowsOfCashFromInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InflowsOfCashFromInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InflowsOfCashFromInvestingActivities" xlink:to="lab_ifrs-full_InflowsOfCashFromInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ImportesTransferidosAReservasActivosFinancierosAValorRazonable_label_es" xlink:label="lab_mapfre-2020-12-31_ImportesTransferidosAReservasActivosFinancierosAValorRazonable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Importes transferidos a reservas Activos financieros a valor razonable</link:label>
    <link:label id="lab_mapfre-2020-12-31_ImportesTransferidosAReservasActivosFinancierosAValorRazonable_documentation_es" xlink:label="lab_mapfre-2020-12-31_ImportesTransferidosAReservasActivosFinancierosAValorRazonable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Importes transferidos a reservas Activos financieros a valor razonable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ImportesTransferidosAReservasActivosFinancierosAValorRazonable" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_ImportesTransferidosAReservasActivosFinancierosAValorRazonable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ImportesTransferidosAReservasActivosFinancierosAValorRazonable" xlink:to="lab_mapfre-2020-12-31_ImportesTransferidosAReservasActivosFinancierosAValorRazonable" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_GastosServicioSeguroPerdidasEnContratosOnerosos_e674efe8-d47a-4804-b27e-7404b5d85b93_negatedLabel_es" xlink:label="lab_mapfre-2020-12-31_GastosServicioSeguroPerdidasEnContratosOnerosos" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="es">Losses on onerous contract groups and reversals of those losses</link:label>
    <link:label id="lab_mapfre-2020-12-31_GastosServicioSeguroPerdidasEnContratosOnerosos_label_es" xlink:label="lab_mapfre-2020-12-31_GastosServicioSeguroPerdidasEnContratosOnerosos" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Gastos servicio seguro perdidas en contratos onerosos</link:label>
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    <link:label id="lab_mapfre-2020-12-31_LiberacionPasivosPorCoberturaRestante_label_es" xlink:label="lab_mapfre-2020-12-31_LiberacionPasivosPorCoberturaRestante" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Liberacion Pasivos por cobertura restante</link:label>
    <link:label id="lab_mapfre-2020-12-31_LiberacionPasivosPorCoberturaRestante_documentation_es" xlink:label="lab_mapfre-2020-12-31_LiberacionPasivosPorCoberturaRestante" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Liberacion Pasivos por cobertura restante</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_LiberacionPasivosPorCoberturaRestante" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_LiberacionPasivosPorCoberturaRestante"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_LiberacionPasivosPorCoberturaRestante" xlink:to="lab_mapfre-2020-12-31_LiberacionPasivosPorCoberturaRestante" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_OtrosIngresosNoTecnicos_label_es" xlink:label="lab_mapfre-2020-12-31_OtrosIngresosNoTecnicos" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">otros ingresos no tecnicos</link:label>
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    <link:label id="lab_mapfre-2020-12-31_InterimDividendsMember_label_es" xlink:label="lab_mapfre-2020-12-31_InterimDividendsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Dividendo a cuenta [Member]</link:label>
    <link:label id="lab_mapfre-2020-12-31_InterimDividendsMember_documentation_es" xlink:label="lab_mapfre-2020-12-31_InterimDividendsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Interim Dividends</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_InterimDividendsMember" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_InterimDividendsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_InterimDividendsMember" xlink:to="lab_mapfre-2020-12-31_InterimDividendsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ChangesInLiabilityForIncurredClaims_a73474ab-73d2-41ff-ad94-c64150c5a9ba_negatedLabel_es" xlink:label="lab_mapfre-2020-12-31_ChangesInLiabilityForIncurredClaims" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="es">Changes in liability for incurred claims</link:label>
    <link:label id="lab_mapfre-2020-12-31_ChangesInLiabilityForIncurredClaims_label_es" xlink:label="lab_mapfre-2020-12-31_ChangesInLiabilityForIncurredClaims" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Gastos servicio seguro cambios pasivos por prestaciones incurridas</link:label>
    <link:label id="lab_mapfre-2020-12-31_ChangesInLiabilityForIncurredClaims_documentation_es" xlink:label="lab_mapfre-2020-12-31_ChangesInLiabilityForIncurredClaims" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">Gastos servicio seguro cambios pasivos por prestaciones incurridas</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ChangesInLiabilityForIncurredClaims" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_ChangesInLiabilityForIncurredClaims"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ChangesInLiabilityForIncurredClaims" xlink:to="lab_mapfre-2020-12-31_ChangesInLiabilityForIncurredClaims" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_TraspasosPartidasPatrimonioNeto_label_es" xlink:label="lab_mapfre-2020-12-31_TraspasosPartidasPatrimonioNeto" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">traspasos partidas patrimonio neto</link:label>
    <link:label id="lab_mapfre-2020-12-31_TraspasosPartidasPatrimonioNeto_documentation_es" xlink:label="lab_mapfre-2020-12-31_TraspasosPartidasPatrimonioNeto" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" 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_TraspasosPartidasPatrimonioNeto" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_TraspasosPartidasPatrimonioNeto"/>
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    <link:label id="lab_mapfre-2020-12-31_ResultadoEnajenacionActivosNoCorrientesEnVentaOtrasActividades_label_es" xlink:label="lab_mapfre-2020-12-31_ResultadoEnajenacionActivosNoCorrientesEnVentaOtrasActividades" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Resultado enajenacion activos no corrientes en venta otras actividades</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_ResultadoEnajenacionActivosNoCorrientesEnVentaOtrasActividades" xlink:to="lab_mapfre-2020-12-31_ResultadoEnajenacionActivosNoCorrientesEnVentaOtrasActividades" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeArisingFromInsuranceContracts_e2b46059-4669-49ab-85ba-9316fd49c984_totalLabel_es" xlink:label="lab_ifrs-full_IncomeArisingFromInsuranceContracts" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="es">Ingresos derivados de contratos de seguro</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeArisingFromInsuranceContracts" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncomeArisingFromInsuranceContracts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeArisingFromInsuranceContracts" xlink:to="lab_ifrs-full_IncomeArisingFromInsuranceContracts" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_DividendoACuenta_3675a0b7-099b-436e-840d-e4ea05a6f5be_negatedTerseLabel_es" xlink:label="lab_mapfre-2020-12-31_DividendoACuenta" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="es">Interim dividend</link:label>
    <link:label id="lab_mapfre-2020-12-31_DividendoACuenta_label_es" xlink:label="lab_mapfre-2020-12-31_DividendoACuenta" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Dividendo a cuenta</link:label>
    <link:label id="lab_mapfre-2020-12-31_DividendoACuenta_documentation_es" xlink:label="lab_mapfre-2020-12-31_DividendoACuenta" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" 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_DividendoACuenta" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_DividendoACuenta"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_DividendoACuenta" xlink:to="lab_mapfre-2020-12-31_DividendoACuenta" xlink:type="arc" order="1"/>
    <link:label id="lab_mapfre-2020-12-31_ResultadoOtrasActividades_1db97622-5674-44ab-971c-05c50161ab4f_totalLabel_es" xlink:label="lab_mapfre-2020-12-31_ResultadoOtrasActividades" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="es">Result from other activities (profit and loss)</link:label>
    <link:label id="lab_mapfre-2020-12-31_ResultadoOtrasActividades_label_es" xlink:label="lab_mapfre-2020-12-31_ResultadoOtrasActividades" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="es">Resultado otras actividades</link:label>
    <link:label id="lab_mapfre-2020-12-31_ResultadoOtrasActividades_documentation_es" xlink:label="lab_mapfre-2020-12-31_ResultadoOtrasActividades" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="es">La cantidad de resultado que proviene de otras actividades</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_mapfre-2020-12-31_ResultadoOtrasActividades" xlink:href="95980020140005693107-2024-12-31.xsd#mapfre-2020-12-31_ResultadoOtrasActividades"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mapfre-2020-12-31_ResultadoOtrasActividades" xlink:to="lab_mapfre-2020-12-31_ResultadoOtrasActividades" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RepaymentsOfSubordinatedLiabilities_fa5ad68e-5474-4614-af6f-9116364d8323_negatedTerseLabel_es" xlink:label="lab_ifrs-full_RepaymentsOfSubordinatedLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="es">Repayments of subordinated liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RepaymentsOfSubordinatedLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RepaymentsOfSubordinatedLiabilities"/>
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