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Note 23 (Tables)
12 Months Ended
Dec. 31, 2021
Assets and Liabilities under reinsurance and insurance contracts [Abstract]  
Liabilities Under Insurance Contracts And Reinsurance Contracts Issued [Table Text Block]
The breakdown of the balance under this heading is as follows:
Technical reserves (Millions of Euros)
202120202019
Mathematical reserves9,4958,7319,247
Individual life insurance (*)7,2656,2686,731
Group insurance(**)2,2302,4632,517
Provision for unpaid claims reported706672641
Provisions for unexpired risks and other provisions664548718
Total10,8659,95110,606
(*) Provides coverage in the event of death, disability and / or serious illness.
(**) The insurance policies purchased by employers (other than BBVA Group) on behalf of its employees.
Maturity of liabilities under insurance and reinsurance contracts [Table Text Block]
The cash flows of those “Liabilities under insurance and reinsurance contracts” are shown below:
Maturity (Millions of euros). Liabilities under insurance and reinsurance contracts
Up to 1 year1 to 3 years3 to 5 yearsOver 5 yearsTotal
20211,8082901,6647,10310,865
20201,2279501,6166,1589,951
20191,5711,1971,8066,03210,606
Mathematical reserves [Table Text Block] The table below shows the key assumptions as of December 31, 2021, 2020 and 2019 used in the calculation of the mathematical reserves for insurance products in Spain and Mexico, respectively:
Mathematical reserves
202120202019
Mortality tableAverage technical interest rateMortality tableAverage technical interest rateMortality tableAverage technical interest rate
Spain MexicoSpainMexicoSpainMexicoSpainMexicoSpainMexicoSpainMexico
Individual life insurance (*)GRMF 80-2,
GKM 80 / GKMF 95, PASEM,
GKMF 80/95,
PERFM 2000
Tables of the Comisión Nacional de Seguros y Fianzas 2000-individual0.24%- 2,85%3.60%GRMF 80-2,
GKM 80 / GKMF 95, PASEM,
GKMF 80/95,
PERFM 2000
Tables of the Comisión Nacional de Seguros y Fianzas 2000-individual0.25%- 2,87%2.50%GRMF 80-2, GKMF 80/95. PASEM, PERMF 2000Tables of the Comisión Nacional de Seguros y Fianzas 2000-individual0.25%- 2.91%2.50%
Group insurance (**)PERFM 2000Tables of the Comisión Nacional de Seguros y Fianzas 2000-grupoDepending on the related portfolio5.50%PERFM 2000Tables of the Comisión Nacional de Seguros y Fianzas 2000-grupoDepending on the related portfolio5.50%PERMF 2000Tables of the Comisión Nacional de Seguros y Fianzas 2000-grupoDepending on the related portfolio5.50%
(*) Provides coverage in the case of one or more of the following events: death and disability.(**) Insurance policies purchased by companies (other than BBVA Group entities) on behalf of their employees