Mutua Madrileña
Headquarters in Madrid, Spain | |
| Company type | Sociedad Anónima |
|---|---|
| Industry | Insurance |
| Founded | 1930 |
| Headquarters | , Spain |
Key people | Ignacio Garralda Ruiz de Velasco (chairman and CEO) |
| Products | Life and non-life insurance, investment funds, pensions |
| Revenue | €5.336 billion (2018) |
| €530.643 million (2018) | |
| Total assets | €12.035 billion (2018) |
Number of employees | 1,900 (2018) |
| Website | www |
Mutua Madrileña, S.A. also known as La Mutua, is by its joint venture with Vida Caixa, the largest Spanish insurance company as both Vida Caixa and Mutua Madrileña occupy the first and third position (respectively) of the Spanish Insurance Company Ranking in 2020 by GWP (Gross Written Premium). Founded in 1930, it provides life, automobile, health, and accident insurance, as well as pension and investment funds. It has an international footprint in Colombia and Chile since 2019 with the acquisition of 45% of Seguros del Estado (Colombia) and the acquisition and control of 60% of BCI Seguros (Chile), which are the second and first biggest companies in Colombia and Chile respectively.
In 2011, it bought 50% of SegurCaixa Adeslas, the leading health insurance company in Spain. With an investment of more than 1,000 million euros, the purchase became the largest bancassurance operation ever carried out in Spain.