The cooperative movement at the service of social medicine
Lavinia S. Coop., ASISA's sole shareholder, held its 49th General Assembly in Cádiz, analysing the company's performance and results and reviewing the core elements of its strategy for the coming years. The ASISA Group had a turnover of 1,870.6 million euros in 2024, having grown by 6.2%.
In the medium term, the goal of the ASISA Group is to continue to drive forward the transformation of its model, diversifying its business in order to continue to grow, improving its profitability and investing in the modernisation and the expansion of its healthcare network.
This Assembly, held under the theme of "Work well done is the root of everything", reviewed the main aspects of the ASISA Group's activity over the past fiscal year, characterised by the virtual freezing of premiums for services covering government employees (they increased just 1.25% in 2024) and the effect of inflation and hospital concentration, which have led to an increase in costs and forced the sector to raise the rates for its insurance policies in recent years. Furthermore, the difficulties encountered when renewing agreements covering government employees have generated uncertainty in recent months. In the end, after reaching an agreement with the Spanish Government, ASISA has renewed its participation in Muface, Isfas and Mugeju.
Against this backdrop, the ASISA Group closed 2024 with a consolidated turnover of 1,870.6 million euros, 6.2% more than in 2023. The President of the ASISA Group, Dr Francisco Ivorra, stressed that: "In a very complicated and uncertain year, the ASISA Group has continued to grow, helping more and more people and companies to take care of their health and wellbeing. These results prove that we know how to do things properly, and that we are able to continue to transform ourselves, driving our growth and expanding our business, both in insurance and healthcare".
The Lavinia Assembly ratified the ASISA Group's strategic plan for the coming years, which seeks to boost its growth, expand and modernise its healthcare network, export its model to new markets, move forward in its digital transformation and strengthen its commitment to sustainability and care for society and the environment.
The Assembly also renewed its support for the members of Lavinia's Governing Council, the co-operative's highest executive body, which renews half of its members every two years, and ratified Dr Francisco Ivorra as its Chairman.
A study by the Scopen consultancy firm names the insurance company as the fourth most highly valued brand by the advertising sector in Spain and the most highly valued insurer.
The leading healthcare group has strengthened its areas of activity through a strategic plan focused on growth, modernization, internationalization, innovation, and sustainability.