Spanish insurance continues to reap good results in recent months, with a global technical profit of 3,091 million euros, with the profit achieved by life insurance being particularly noteworthy. So much so that at the end of the first semester, and according to ICEA data, the life branch obtained a technical profit of 1,489 million euros, what the represents 48.1% of all pre-tax profits in the sector until June.
The difference between the benefits that life insurance obtains and those that other important lines of billing earn is very remarkable. Thus, Auto insurance only earned 315 million, multi-risk insurance, 173 million and health insurance, 173 million
In fact, the year-on-year increase in net profit before taxes of the 9,3% achieved by the total of the insurance sector during the first semester was mainly due to the strong rise in results in the life insurance linewhich added growth in that period of 15,2%, since other large insurance lines, such as auto and health, suffered sharp drops in their results in the first six months of the year. Only multirriesgos accompanied the increase in life, after reaping a growth of 262.3%.
