Overview
- Total savings managed by Afores reached 8.3 trillion pesos at end-2025 (about 23.8% of GDP), up from 6.8 trillion a year earlier on 1.14 trillion pesos in investment gains and higher mandatory contributions.
- Mandatory contributions rose to 9.5% of salary in 2025 and move to 10.5% in 2026 under the 2020 reform that also pushed average commissions down to about 0.55% in 2025 with a 0.54% projection for 2026.
- Afores’ net profits increased 30% in 2025 to 14,348 million pesos, while commission income grew 15% to 40,105 million pesos despite lower fee rates.
- Unemployment withdrawals totaled 39,118 million pesos in 2025 across 1.94 million transactions, with Consar citing “coyotes” who typically take about 10,000 pesos from withdrawals near 35,000.
- XXI Banorte led in absolute profits at 3,000 million pesos, Profuturo and Banamex followed, Afore Azteca logged the largest percentage jump among private managers to about 600 million, and PensionISSSTE recorded the biggest increase systemwide to 885 million.