CaixaBank acapara el 56% de todo lo que ganan los bancos en seguros

CaixaBank captured 56% of the total earnings of Spain's 13 largest banks in the insurance sector in 2025, according to a report by Afi. The bank earned a profit of 1.486 million euros from its insurance business, making up 56% of the 2.639 million euros earned by the 13 biggest banks in Spain that year. This figure represents a slight increase from the previous year.

CaixaBank operates in the insurance sector through VidaCaixa, which controls 100% of it, and offers life insurance policies to customers. In general, the bank has a partnership with Mutua Madrileña, which translates into SegurCaixa Adeslas. Far behind, BBVA made a profit of 322 million euros in its Spanish insurance business, which accounts for 8% of what the bank earned in Spain.

Allianz and Sanitas are its partners in general products, and it distributes its life insurance policies. Santander's weight in this sector is 6%, with a result of 236 million euros in its insurance activity. Its insurance partners are Aegon and Mapfre, and it also has its own life insurance company. The 2.639 million euros earned by Spanish banks in insurance accounts for a 13.5% increase from the previous year and represents 12% of the combined results of these entities.

If commissions are added, this percentage could rise to 20-25% of the total results, as reported by Afi's report on insurance banking in Spain. These amounts show that the banking sector earned around 600 million euros in commissions from selling insurance last year. The life segment contributes the most to the overall insurance business profit for the banks.

The ROE (return on equity) for the banks' insurance business reached 28.7% in 2025, driven by the life segment, which hit 33.3%. The ROE for the entire insurance sector was the highest in its history, matching the level of 2012, according to Afi. Besides its higher efficiency, this is also due to more adjusted capital levels in the bank subsidiaries, which are generally higher than in other entities.

Cajamar Viva, controlled by Generali and owned by Cajamar, achieved the highest profitability last year, well above the average at over 160%, followed by Bankinter Seguros de Vida, with nearly 60%. In the non-life segment, Cajamar Seguros had a higher ROE, at nearly 60%, followed by Kutxabank, with almost 50%. In the non-life category, Cajamar Seguros showed higher profitability, with over 60%, followed by Kutxabank, with almost 50%.