MUTUA MADRILEÑA

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.