PSN Group 2024 Results: Profit Doubles to €3M
- The National Sanitary Pension Group (Grupo PSN) reported a consolidated pre-tax profit of €2.87 million for 2024, a significant increase from the previous year.
- The meeting saw record participation, with over 10,000 mutualists attending or represented.
- Managed savings in insurance provisions and pension funds remained stable at around €1.6 billion.
In 2024, Grupo PSN, the National Sanitary Pension Group, achieved a remarkable feat. The company’s pre-tax profits surged, more than doubling to almost €3 million.This financial success was fueled by a robust performance in life-risk insurance, a primary_keyword.This article at news Directory 3 delves into the key factors driving this impressive financial growth,including stable management of insurance provisions and the impact of increasing life-risk insurance premiums,a secondary_keyword. Discover how strategic decisions, such as the allocation of €12 million in benefits and strategic billing adjustments, have positioned Grupo PSN for future gains. The company also saw record participation in its General Assembly, demonstrating strong member engagement. Uncover the details behind the significant results and strategic shifts. Discover what’s next …
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Grupo PSN’s Profits Double to Nearly €3 Million in 2024
Updated June 25, 2025
The National Sanitary Pension Group (Grupo PSN) reported a consolidated pre-tax profit of €2.87 million for 2024, a significant increase from the previous year. The announcement was made at the General Assembly, where mutualists overwhelmingly approved the 2024 financial statements and the Board of Directors’ management.
The meeting saw record participation, with over 10,000 mutualists attending or represented. Armando Solís, chairman of Grupo PSN, highlighted that the mutual distributed approximately €12 million in benefits to most mutualists with savings insurance, resulting in a profitability of 3.44% last year.
Managed savings in insurance provisions and pension funds remained stable at around €1.6 billion. While total billing reached €255 million, a 4% decrease compared to 2023, this was considered a positive result given the significant decline in the life insurance sector, which saw billing retreat by over 13% during the same period.
Notably, billing for life-risk insurance, a strategic focus for the Council, increased by about 7% compared to the previous year. The group paid out €288 million in benefits to its members.
Beyond the financial figures,Solís detailed key measures implemented by the current Council,including the incorporation of new profiles to bring a “necessary balance” between professional knowledge and experience.
What’s next
Grupo PSN is expected to continue focusing on its strategic priorities, especially in the area of life-risk insurance, while maintaining stable management of its insurance provisions and pension funds.