The volume of savings administered by insurance companies rose to 233,565 million euros in the first nine months of 2026, which represents an advance of 6.8% compared with the same period of the previous year.
To this figure are added another 72,232 million euros linked to the assets of pension plans managed by insurance companies, which increased by 8.9% year-on-year, according to what Unespa, the insurance employers’ association, reported this Wednesday.
In this way, the insurance sector managed a total of 305,798 million euros at the end of the third quarter of the year, which represents an increase of 7.3% compared with September 2025.
Among the products that saw the greatest momentum compared with the previous year, the transformation of assets into life annuities stands out, which raised assets under management by 22.2%, to 3,099.71 million euros. Next were unit-linked products, which increased their technical provisions by 18.9%, reaching 34,164.62 million euros.
Deferred capital rose by 7.3%, to 58,415.87 million; life annuities grew by 5.2%, to 102,414.19 million; while individual plans for systematic saving (PIAS) increased by 3.1%, to 14,367.04 million euros.
In the rest of the lines of business, insured pension forecast plans (PPA) recorded a decline of 6%, to 9,490.21 million, and individual long-term savings insurance (Sialp) saw a drop of 5.1%, to 3,379.32 million euros.
Premium income from the risk life business stood at 4,733 million euros at the end of the first nine months of 2026, 7.3% higher than the figure from one year earlier.
By insurance groups, VidaCaixa consolidated itself as the leading savings manager in the sector, with 88,302 million euros, 10.1% more. Next came Santander Seguros, with 17,255 million euros (+6.5%); Mapfre, with 14,578 million euros (+5%); Zurich, with 12,333 million euros (+0.9%); and BBVA Seguros, with 12,087 million euros (+8.4%).