Mutua Madrileña’s Portfolio grows to €1,446M

Mutua Madrileña’s Portfolio grows to   €1,446M

Ignacio Garralda, president of the firm, comments,”Two years ago, after great benefits, we saw an inrush of foreign funds which were buying up everything. Now they are more committed. Indeed, some already intend to carry out procedures to leave, with their profits, and this is not going to be so easy. There is still demand, but not so much as a few years ago” - as quoted by Spanish Real Estate. 

The company showed a result of 151.6 million in  2016,  7.1% more than the previous year. Premiums grew by 9.6% to 4,751 million and profit from the non-life  insurance business increased by 37.5% to300.8 million, although investments were down 43.1% to 80.2. In all, profits would have stood at 243 million if it weren’t for the mortgaging of the commercial fund of SegurCaixa Adeslas which required a new total, now at 1.4 million, of which 87 million remains retrospectively in the 2015 accounts, so as to be comparable. 



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