Mutualidad, a mutualist and non-profit insurer, obtained in 2025 a result after taxes of 52.5 million euros, which implies a decrease of 51% compared to the 106 million euros achieved the previous year.
The entity has announced this Tuesday the accounts for the last year, in which the volume of savings under management amounted to 11,181 million euros, 6.4% more than in 2024, thus consolidating its growth in this area.
Furthermore, the group achieved in 2025 the highest figure for contributions since its foundation in 1948, by totaling 766 million euros in premiums, an advance of 28.8% compared to the preceding year and a new historical high for the entity.
By lines of business, 96.8% of premiums come from the Life business, while 3.3% corresponds to the Non-Life business. Redemptions, for their part, increased by 33%, reaching 155 million euros.
The president of Mutualidad, Enrique Sanz Fernández-Lomana, highlighted that the group has registered "very positive results" in a context of high uncertainty derived from the tariff policy of the United States. "The market has experienced a positive evolution driven by the improvement of macroeconomic returns and improvement of provisional products," he added.
Regarding the investment portfolio, this increased by 4.5% at the close of 2025, to 11,253 million euros. Of that amount, 90.3% corresponds to financial investments, 4.9% to real estate assets and 4.8% to deposits and treasury.
Within financial investments, 83.2% is concentrated in fixed income and 7.1% in equity, while the gross return of the portfolio stood at 4.47% during the fiscal year.
Regarding Avanza Previsión, which celebrates its fifth anniversary this year, the company registered a 37% increase in premiums, reaching 153 million euros, and a 42% rise in managed savings, which reached 364 million euros.
In relation to the economic scenario, Sanz Fernández-Lomana highlighted that 2025 has been marked by the moderation of inflation, especially in Europe compared to the United States and, within the continent, with a particularly favorable evolution in Spain.
NEW RECORD OF PREMIUMS FOR THIS YEAR
Looking to 2026, Mutualidad expects to close the year with a premium volume exceeding 785 million euros, maintain a solvency ratio above 200%, exceed 15,000 policyholders and launch at least three new products linked to annuities, collaborative savings formulas and services related to the care ecosystem.
The group's president also took the opportunity to reiterate his support for the bill aimed at enabling a gateway to the Special Regime for Self-Employed Workers (RETA), "without tax burdens" and on the condition that the transfer of funds "be made with an ordered calendar to Social Security".