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Fraternidad MUPRESPA, A SAFE VALUE ACCORDING TO DIRECTIVES MAGAZINE.
In 2004, the latest figures available, the mutual company's total income increased by 13.6 percent compared to 2003, to exceed 854 million euros. Management surpluses grew by 79 percent, up to 66.82 million.
In 2004,Fraternidad Muprespa It celebrated its 75th anniversary and during this time, the business of this mutual has done nothing but grow, especially in the years 2003 and 2004, in which both the total income figure and the surpluses, which is what net profit is called in the sector, have experienced a significant percentage increase, with figures that exceed double digits.
Thus, in 2004, the latest figures available, the total income of Fraternidad Muprespa They exceeded 854 million euros, which represents an increase of 13.6 percent compared to 2003. Management surpluses amounted to 66.82 million euros, a figure that represents an increase of 79 percent when compared to 2003.
The financial strength of Fraternidad Muprespa It is completed with the reserve figure for fiscal year 2004, which amounted to 277.07 million euros, and provisions for contingencies in process of 92.76 million euros.
In this way, the population protected by Fraternidad Muprespa In 2004, there were more than 1.3 million workers, belonging to almost 300,000 associated companies. In order to serve its clients, the mutual insurance company directed by Fernando Eguidazu has continued with its policy of opening new centers. Thus, if in 2004 and 2005 there were a dozen inaugurations each, which corresponded to 9,000 and 10,000 square meters of space respectively, the forecasts handled by those responsible for Fraternidad Muprespa For the 2006 financial year, the goal is to increase openings to 13 centers spread across different cities in Spain.
Likewise, and based on the Royal Decree that reforms the activity of accident insurance companies and requires them to disaggregate prevention functions into subsidiaries that operate independently,Fraternidad Muprespa has created a prevention society with a charge to the mutual's historical heritage.
This new company has 120 service centers and a staff of more than 900 people, including 450 doctors specializing in occupational medicine and healthcare personnel, 350 technicians and 100 administrative staff.
Pending audits for the closing of the fiscal year, the new crime prevention subsidiary Fraternidad Muprespa, created last July, plans to end the 2005 financial year with a turnover of 40 million euros.
Fountain:Leaders Magazine. February 2006 Issue. Special Mutual Insurance and Occupational Risk Prevention.
