MAPFRE AM and MGP jump to the top of the rankings
The end of summer maintains the course of previous months, with recession looming ever closer and inflation running rampant. However, despite the uncertainty looming over the global economy, the latest data confirm that the insurance industry — including the portion of business that is most sensitive to the ups and downs of the financial markets — is prepared to face the final stretch of the year,
On the one hand, insurance groups recorded the largest net inflows into pension plans in July, with €8 million. According to data from Vdos, leading the well-performing companies in the sector is MAPFRE AM, the Group’s asset manager, with net inflows of €6 million in the seventh month of the year. What is more, the fund manager has been the best performer for its customers when it comes to mutual funds. Specifically, according to data from the same consultancy, MAPFRE AM reached a return of 4.8% in July.
In the case of MAPFRE Gestión Patrimonial, and more specifically MAPFRE Inversión, it became the most profitable securities company in the first half of 2022, with €28.3 million according to the latest data from Inverco. In this regard, Miguel Ángel Segura, General Manager of MAPFRE Inversión, gave a positive assessment of the figures obtained in the first half of the year and highlighted the good performance of MAPFRE’s financial advisory unit, which saw an improvement in ordinary business “despite the complicated year.”