Santander Share MAD 10,47€ -1.08% 17:42
Enter at least two characters to search.
SUGGESTED RESULTS THERE ARE NO SUGGESTED RESULTS
SEE ALL RESULTS

Q1'26 Highlights

€545 bn

Assets under Management

€356 bn

CAL (PB)

€2.8 bn

Gross written premiums

36.6 %

C/I

€493 mn

Profit

51.4 %

RoTE

€545 bn

Assets under Management

€356 bn

CAL (PB)

€2.8 bn

Gross written premiums

36.6 %

C/I

€493 mn

Profit

51.4 %

RoTE

Note: Private Banking CAL (Customer Assets and Liabilities)measured as Private Banking AuMs + loans.

About us and our history

Santander Wealth Management & Insurance is the global Santander Group division that integrates the businesses of Santander Private Banking and Insurance & Asset Management Solutions, with the aiming to becoming the best Wealth & Protection Manager in Europe and the Americas, acting responsibly to earn the trust of our customers and their families. Since its establishment as a global division, we have consolidated a model of sustained growth based on three pillars:

  • our geographical presence and scale, which allow us to operate as a truly global service platform, connecting markets and offering diversified solutions to our clients.

  • an in-depth local knowledge, combined with global capabilities, enabling us to deliver tailored solutions to our clients.

  • a constantly improving offer, more comprehensive and better prepared to the current environment, and which leverages our capabilities as a leading financial group.

Santander Private Banking

Santander Private Banking (SPB) is Banco Santander’s global private banking business, with a physical presence in 12 markets, serving 314,000 clients. It is supported by a highly specialized team, connected through a global platform that enables us to deliver best-in-class advisory both in our clients’ country of residence and internationally, leveraging the Group’s strength, connectivity and scale.

In recent years, we have strengthened and expanded our investment offering, with a particular focus on alternatives, thematic investing, ESG and credit solutions, adapting to an ever-evolving financial environment. At the same time, we have further developed our global platform, allowing us to scale the business by leveraging digital solutions and enhancing our value proposition with dedicated services for higher-value segments.

We continue to evolve towards an increasingly sophisticated value proposition, incorporating tailored services for Ultra High Net Worth (UHNW) clients and family offices (Beyond Wealth), aligned with their long-term wealth planning and investment objectives.

Our commitment to excellence and service quality has been recognized through multiple industry awards. Most recently, we received 15 accolades at the Euromoney Private Banking Awards 2026, including Best Private Bank in the World for High Net Worth (HNW) clients, Best International Private Bank in Latin America, Argentina, Brazil, Chile, Mexico and Uruguay, as well as Best Private Bank in Spain for Ultra High Net Worth (UHNW) clients.

Insurance & Asset Management Solutions

Insurance & Asset Management Solutions represents the evolution and integration of the Group’s capabilities in asset management—both liquid and illiquid—and insurance, offering a unique value proposition across savings, investment and protection. Our Group capabilities allow us to cover the entire value chain, directly connecting management and distribution capabilities. It combines the strength of Santander Asset Management, a global asset manager with a presence in 10 core markets, with the extensive expertise of Santander Insurance, serving more than 20 million customers across 12 countries with a comprehensive protection and savings offering.

  • In liquid assets, we offer our clients a broad range of investment solutions with the aim of becoming the partner of choice for retail, institutional and private banking clients. Through digital savings and investment platforms, we provide simple, efficient and transparent access to opportunities tailored to each client’s profile and financial horizon.

  • In illiquid assets, we provide access to alternative private markets opportunities through a specialized franchise and talent located in key strategic hubs. We have a strong and differentiated value proposition that combines traditional and alternative portfolios, enhances diversification and enables access to additional sources of return.

  • In insurance, our activity is structured around two key verticals: Life & Pensions and Property & Casualty. We support our clients in protecting their wealth and building their financial future, leveraging strategic partnerships and leading digital capabilities.

Acting responsibly

The Wealth Management & Insurance division stands firm in its commitment to socially responsible investment (SRI), which is one of its strategic priorities. It uses an analysis methodology that enables it to assess the risks and opportunities arising from ESG factors to support decision-making in advisory and portfolio management processes, analysing over 25,000 companies and 190 governments.

In 2021, Santander Asset Management joined the global initiative 'Net Zero Asset Managers' as part of its climate change commitment. As part of this, SAM has undertaken to reach net zero greenhouse gas emissions by 2050 or earlier.

Strategic priorities

  • Continue building our global platform, accessing new markets and leveraging the connectivity of our teams and global scale

  • Keep developing a more sophisticated value proposition, including personalized services for our ultra-high net worth clients and family offices (e.g. Beyond Wealth)

Liquids

  • Continue to be the preferred funds partner for our retail network and grow in the Institutional/Third party and Private Banking segments

  • Implement digital savings and investment platforms in all countries

Illiquids

  • Expand our alternative investment franchise with talent in strategic locations to build a solid value proposition

  • AuM growth to benefit from our origination and distribution capabilities (end-to-end value chain)

Insurance

  • Become the preferred insurance provider for all our customers and non-customers

  • Capture the full potential of the Life & Pensions business, with strong focus on retirement solutions and ancillary services

  • Maximize value from existing joint ventures and develop agile partnership models for pools out of JVs, as part of our Protection strategy
  • Our ESG commitment: reach €100bn Socially Responsible Investments (SRI) AuMs by 2025

From 1 January 2026, Wealth Management & Insurance is organized in two business lines, instead of three, Private Banking and Insurance & Asset Management Solutions.

 

Our Head

José M. Linares

 

Javier Garcia-Carranza

SEVP, Global Head Wealth Management & Insurance

Non-IFRS and alternative performance measures 

In addition to the financial information prepared in accordance with International Financial Reporting Standards (“IFRS”) and derived from our financial statements, the information above contains certain financial measures that may constitute alternative performance measures (“APMs”) as defined in the Guidelines on Alternative Performance Measures issued by the European Securities and Markets Authority (ESMA) on 5 October 2015 (ESMA/2015/1415en) and other non-IFRS measures (“Non-IFRS Measures”). Such APMs and non-IFRS measures have been calculated using the financial information from Santander Group but are not defined or detailed in the applicable financial reporting framework and have neither been audited nor reviewed by our auditors. While we believe that these APMs and non-IFRS measures are useful in evaluating our business, this information should be considered as supplemental in nature and is not meant as a substitute of IFRS measures. In addition, other companies, including companies in our industry, may calculate or use such measures differently, which reduces their usefulness as comparative measures.  For further details of the APMs and Non-IFRS Measures used by Banco Santander, S.A. (Banco Santander), as the parent company of Santander Group, including its definition or a reconciliation between any applicable management indicators and the financial data presented in the consolidated financial statements prepared under IFRS, please see the Banco Santander´s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission, as well as the section “Alternative performance measures” of the annex to Banco Santander´s most recent quarterly Financial Report. These documents are available on Banco Santander’s website (www.santander.com). 

The businesses included in each of the Santander Group primary segments and the accounting principles under which their results are presented in such documents may differ from the businesses included and accounting principles applied in the financial information separately prepared and disclosed by its subsidiaries (some of which are publicly listed) which in name or geographical description may seem to correspond to the business areas covered in such Santander Group documentation. Accordingly, the results of operations and trends shown for the Santander Group´s business areas may differ materially from those of such subsidiaries.