MUTUA MADRILEÑA

Grupo Mutua Madrileña is the second Non-life insurance group in the Spanish market, it’s first in health and third in auto insurance. Its portfolio includes more than 10.5 million policy holders. It’s present in the main areas of insurance such as Auto, Motorbike, Health care, Life, Accident and Home insurance. Furthermore, it also operates in the real estate and asset management segments, among others. From 2008, Ignacio Garralda is the company’s chairman of the board. 

The insurance group employs more than 6600 people and its stockholders’ equity amounts to more than €6800 million. At year end 2014, it obtained net profits of €222.8 million, a 13.7% increase on the same period in the previous year. Premium income from the different sectors of operation of Grupo Mutua Madrileña amounted to €4,165 million, a 7.5% increase on the previous year. Mutua Madrileña is the insurance company with the highest solvency margin in Non-life insurance of the Spanish market, 2,492% as of year end 2014.
SegurCaixa Adeslas, Spain’s leading non-life insurance company in health insurance, is 50% owned by Mutua Madrileña and it has been incorporated into its corporate group. In 2015, Mutua and “La Caixa” sealed a business agreement for the exclusive distribution, for an indefinite term, of all non-life products of SegurCaixa Adeslas, a newly established company, through La Caixa’s sales network and through the rest of the entity’s distribution channels. At year-end 2015, SegurCaixa Adeslas recorded a net consolidated profit of €204 million, an 18.8% increase on the same period in the previous year.
In November 2015, Grupo Mutua Madrileña announced the acquisition of a 40% stake in BCI Seguros, Chile’s leading Non-life insurance company, its first international acquisition. Thanks to this transaction, Mutua Madrileña opens new paths for growth in the insurance business and decreases its exposure to the domestic market.