As of December 2025, Spain’s insurance market, comprising Life and Non-Life business, generated total Gross Written Premiums of USD 99.281 million.

96 insurers operate in the market.

The TOP 3 insurance groups accounted for a combined market share of 34.9%.

SPAIN INSURANCE MARKET - RANKING BY GROSS WRITTEN PREMIUMS - LIFE AND NON-LIFE - 2025.12

AEGON | ABANCA | ACCELERANT INSURANCE | ACTIVE SEGUROS | ACUNSA | ADMIRAL | AIG | AIOI NISSAY DOWA | ALCOYANA | ALLIANZ | AMA | ARAG | ASEFA | ASERTA | ASISA | ASISTENCIA SANITARIA COLEGIAL | ASSEK EUROPE | ATLANTIDA | ATOCHA | AURA SEGUROS | AXA | AZUAGA | BBVA SEGUROS ESPAÑA | BNP PARIBAS CARDIF | CA LIFE | CAJA DE INGENIEROS VIDA | CESCE | CHUBB | CIGNA LIFE | CNP ESPAÑA | DKV SEGUROS | ERGO TRAVEL | EUROPEA SEGUROS | FIATC | FOSUN INSURANCE | GCO | GENERALI | GES SEGUROS | HELVETIA CASER | HERCULES SALUD | HISCOX ESPAÑA | HNA | IBERCAJA | IMQ DE ASTURIAS | INTESA SANPAOLO ASSICURAZIONI | KUTXABANK | LAGUN ARO | LEGALITAS | LINEA DIRECTA | MAPFRE ESPAÑA | MARCH | MEDIOLANUM INT. LIFE | MEDITERRANEO VIDA | MERIDIANO | METLIFE | MGC | MGS SEGUROS | MIC INSURANCE | MMT SEGUROS | MONTEPIO DE CONDUCTORES | MURIMAR | MUSAAT | MUSSAP | MUTUA DE PROPIETARIOS | MUTUA DELS ENGINYERS | MUTUA LEVANTE | MUTUA TINERFEÑA | MUTUAL MADRILEÑA | MUTUAL MEDICA | MUTUALIDAD | MUTUAPESCA | MUTUASPORT | MUTUAVENIR | NATIONALE NEDERLANDEN | NORDIC | NUEVA MUTUA SANITARIA | OCASO | PATRIA HISPANA | PELAYO | PREVENTIVA | PREVISION MALLORQUINA | PREVISION SANITARIA NACIONAL | RACE SEGUROS | REALE | RGA SEGUROS | SANITAS | SANTALUCIA | SANTANDER SEGUROS ESPAÑA | SEGUROS MARITIMOS VIGO | SOLISS | SOLUNION | UMAS | UNION DEL DUERO | VIDACAIXA | VITAL | WR BERKLEY | ZURICH ESPAÑA |

VIDACAIXA ranks first in Spain’s insurance market, with USD 12.7 billion in Gross Written Premiums.