Spanish non-bank asset manager MAPFRE AM nears €40 billion in assets under management, cementing its position as Spain's largest in the sector.
MAPFRE AM's First-Half Success: Expansion, Partnerships, and Co-Investment
MAPFRE Asset Management (MAPFRE AM) has reported impressive results in the first half of 2025, with €39.67 billion in assets under management (AUM) and a 19.4% profit increase compared to the previous year. This success is attributed to a multi-faceted growth strategy that focuses on expanding the product range, maintaining strong partnerships for distribution, a commitment to co-investment alongside clients, and a global diversification approach.
A key aspect of MAPFRE AM's growth strategy is the expansion of its product range. The firm has increased the variety of investment and pension funds it offers, achieving a 4% increase in client assets. This expansion has attracted net subscriptions nearing €297 million in H1 2025.
MAPFRE AM also collaborates with financial partners to distribute products to third parties, extending the total client assets managed through these agreements to about €11.3 billion. An example of such partnership is the strategic alliance with Abante in Spain, where MAPFRE holds 20% to foster financial advice and asset management growth.
The global presence and diversification of MAPFRE AM are evident in its operations in 25 countries. Management centers are located in Madrid, São Paulo, Boston, and Paris, with investments including stakes in responsible investment entities like La Financière Responsable in France.
MAPFRE's co-investment philosophy is another cornerstone of its strategy. The asset management unit invests its own balance sheet capital alongside client funds in the same products, aligning interests and fostering trust with retail and institutional investors.
Operating a Luxembourg SICAV with over €1.184 billion in capital underscores MAPFRE AM's product offering scale and sophistication. As a result, MAPFRE AM is the largest non-bank asset manager in Spain.
The success of MAPFRE AM in H1 2025 is driven by targeted product diversification, strategic partnerships for distribution, global market presence, and alignment of interests through co-investment, all supporting sustained asset growth and profitability. The CEO, Álvaro Anguita, credits the combination of positive market conditions and product expansion for the strong results and signals intent to continue this growth strategy.
MAPFRE AM's parent company, MAPFRE, also experienced growth, recording a profit of €25.95 million, a 19.4% increase from the previous year. The MAPFRE Group's proprietary portfolio managed by MAPFRE amounted to approximately €31.092 billion at the close of the first half of the year.
In summary, MAPFRE AM's strategic decisions, including product diversification, partnerships, global presence, and co-investment, have contributed significantly to its success in the first half of 2025. The company's commitment to these strategies is poised to continue, ensuring sustained growth and profitability in the future.
Financing plays a pivotal role in MAPFRE Asset Management's success, as the firm operates a Luxembourg SICAV with over €1.184 billion in capital, demonstrating the scale and sophistication of its product offering.
MAPFRE AM's commitment to co-investment alongside clients is another essential factor in its growth strategy, as it aligns interests and fosters trust with retail and institutional investors.
