Mapfre es ya la mayor aseguradora de Latinoamérica y BBVA entra en el 'top 10'
Bradesco cede el liderazgo y cae a la segunda posición. Leer
Mapfre has become the largest insurance company in Latin America, according to recent data, and BBVA has entered the top 10. Bradesco has lost its leadership position and now holds the second spot. Mapfre overtook Bradesco as the top insurance provider in the region, growing its revenues by over 1% to $11.044 million, or €9.400 million, in 2025.
Bradesco's revenue fell by 13.2% to $10.301 million, or €8.767 million, mainly due to the decline in the Life and Savings sector in Brazil. Mapfre's diversified business model, which has been effective in stabilizing the group against localized fluctuations, contributed to its top position. BBVA, with a strong presence in the Mexican market, moved up one spot to the ninth place, with insurance premiums of €5.753 million.
The Mexican market accounted for 2.7% of the bank's business. Zurich, a Swiss group, was the third largest insurance company in terms of revenue, with €9.012 million in premiums, followed by MetLife with €7.991 million and the National Provincial Group (GNP) with €7.537 million. MetLife and GNP benefited from the dynamic Mexican market, which remains the primary driver of growth in the region.
In the non-life segment, Mapfre maintained its leadership position in premium volumes, reaching $7.329 million, or €6.238 million, and a 5.8% market share.
Written by urgent.news from Expansion ES's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
