A. South America
- Caixa Seguros ( Brazil)
Caixa Seguros ' s revenue rose 3.6% in local currency to BRL 5,088 million. However, the subsidiary's contribution to consolidated revenue was down 2.5% due to the real's decline against the euro.
While Savings and Pensions business was affected by competition from products offered by the banks, term creditor insurance continued to grow, rising 21.7% in real. In all, revenues from personal risk insurance, term creditor insurance and property and casualty insurance rose by an average 14% and accounted for over a third of total revenues.Revenues from the health insurance business launched at the end of 2011 amounted to BRL 15.9 million for the first nine months of 2012. B. Southern Europe
- CNP UniCredit Vita ( Italy)
- CNP Barclays Vida y Pensiones ( Portugal, Spain, Italy)
- CNP Laiki Insurance Holdings  ( Cyprus)