Mutua Madrileña earned 250.7 million between January and June, 9.1% more

Mutua Madrileña earned 250.7 million between January and June, 9.1% more

Mutua Madrileña earned 250.7 million euros in the first six months of the year. This represents an increase of 9.1% in year-on-year terms. Likewise, it registered total income from premiums of 3,587 million euros, including its international business, which represents an increase of 10.4% compared to the first half of 2021.

"If we focus on Spain, income from Non-Life insurance premiums, the Mutua Group's main area of ​​activity, was 3,086 million euros up to June, 8.8% more than the first half of last year, a growth greater than the average of the sector (5.4%)«, affirms the insurer. Also adding the Life branch, between January and June revenues were 3,203 million euros, which represents 10.2% more.

These results come after the agreement with El Corte Inglés has been put into effect. «During the first semester, Mutua Madrileña closed its strategic alliance with El Corte Inglés after obtaining the necessary administrative authorizations, both from the General Directorate of Insurance and Pension Funds (DGSFP) and the National Commission of Markets and Competition (CNMC). ). The agreement involves the purchase and sale of the insurance business of El Corte Inglés, which includes 50.01% of each of the two companies that carry out said activity: SECI and CESS, and the entry by Mutua into the shareholding of El Corte Inglés, for a joint amount of 1,105 million euros«, collects the company. An alliance that is already bearing fruit, as they point out.

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