Monday, 21 September 2026

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Unicaja and Ibercaja receive 63% more in dividends from Helvetia Caser

Unicaja and Ibercaja have increased their dividends from Helvetia Caser by 55% and 63% respectively, following the merger of Caser and Helvetia.

Álvaro Sáez Ferrer
Álvaro Sáez Ferrer
· 1 min read

Unicaja and Ibercaja have increased their dividends following the merger of Caser with Helvetia. The payments have grown by 55% and 63%, respectively, compared to the previous year.

The dividend received by Unicaja and Ibercaja for their stake in Helvetia Caser has significantly increased, as reported by expansion.com. Based on the results for 2025, Unicaja has received 9.81 million euros, an increase of 55% compared to the previous year.

Meanwhile, Ibercaja has received 9.3 million, which represents a 63% increase compared to 2024. Both entities have seen their stakes in the merged insurer grow, with 7.39% for Unicaja and 7.03% for Ibercaja since January 1, 2025.

The increase in dividends is due to Helvetia Caser distributing 133 million euros in dividends in 2025, more than double the 60 million distributed by Caser before the merger. This 120% increase has benefited both entities.

The consolidated result of Helvetia Caser for 2025 stood at 155 million euros, reinforcing the profitability of the merger. Isidro Rubiales and Víctor Iglesias, the CEOs of Unicaja and Ibercaja, respectively, also sit on the board of Helvetia Caser.

Álvaro Sáez Ferrer

Written by

Álvaro Sáez Ferrer

Redactor

Economista por ICADE y una de las pocas personas que disfruta leyendo la ley de presupuestos. Cafetero, padre a tiempo completo y azote de la letra pequeña; en Iber Empresa escribe de economía y fiscalidad.