January - September 2012

Pensions and Insurance

In the first nine months of 2012, the Pensions and Insurance unit in Mexico generated a net attributable profit of €271m, a rise of 13.9% on the same period in 2011.

The pension business saw year-on-year growth in its earnings of 27.2%, thanks to the strong growth in commercial activity.

The insurance business generated a net attributable profit of €201m, an increase of 9.9% over the previous 12 months. This result has been boosted by the outstanding earnings from the ILP, Creditón Nómina, VidaSegura, HogarSeguro and Transacción Segura products, as well as the lower levels of claims reported due to some improvements implemented by the insurance company.