MAPFRE AM, the asset management arm of the MAPFRE Group, closed the first half of the year with €39.67 billion in assets under management, consolidating its position as the largest non-bank asset manager in Spain. Its parent company, MAPFRE Inversión, posted a profit of €25.95 million—up 19.4% from the previous year—marking the highest figure recorded for the period.
MAPFRE AM manages assets both for the MAPFRE Group and for retail and institutional clients. As of mid-year, assets under management from MAPFRE Group's own portfolio stood at approximately €31.09 billion.
In addition, assets managed for clients amounted to €8.58 billion, including investment and pension funds—up 4% year-on-year—after recording net subscriptions of nearly €297 million. Of this total, €5.25 billion corresponds to investment funds and €3.33 billion to pension funds.
MAPFRE AM also maintains partnerships with financial institutions to distribute these products to third parties, bringing the total volume of third-party client assets under management to around €11.3 billion.
“The positive performance of the market, along with the expansion of our product offering—a strategy we intend to continue—has driven the strong first-half results,” said Álvaro Anguita, CEO of MAPFRE AM. Juan Bernal, MAPFRE’s Chief Investment Officer, added: “MAPFRE is strongly committed to its financial business, with the aim of becoming a benchmark in financial planning. Our outlook remains optimistic.”
MAPFRE follows a co-investment philosophy, applying the same strategies and investing in the same products for its own balance sheet as it does for its clients. This alignment of interests with both retail and institutional investors underscores its confidence and commitment to its financial solutions.
A growing international project
MAPFRE’s investment strategy is global in scope. Its investment division operates in 25 countries, with management hubs in Madrid, São Paulo, Boston, and Paris. In Brazil, MAPFRE invests through MAPFRE Investimentos, which supports the company’s large insurance business in the region. In France, MAPFRE acquired a 51% stake in La Financière Responsable in 2023, a French asset manager specialized in socially responsible investment (SRI).
In Spain, MAPFRE has a strategic alliance with Abante to promote financial advisory and asset management services. As part of this agreement, MAPFRE holds a 20% stake in Abante, supporting its growth and expansion plans.
Additionally, MAPFRE AM operates through its SICAV in Luxembourg, with capital exceeding €1.18 billion, making it one of the largest SICAVs managed by a Spanish entity.
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