Grupo BAL is a cluster of Mexican companies in various sectors of the economy. Its president was Alberto Gonzalez Baillères, the second richest man in Mexico in 2013, according to Forbes.[1] Gonzalez's son Alejandro Baillères has been president since 2022.[2] The conglomerate is involved in Mexican sectors such as trade, energy, metallurgy, finance, insurance, pensions, investments, agriculture, health care, and music.
Member companies
Grupo Nacional Provincial (GNP) is the largest insurance company in Mexico, with more than 20% of the market share in the country. It is the only insurance company with 100% domestically based capital. It is also perhaps the oldest domestically based insurance company in Mexico, having existed since at least the early 20th century.
Born from GNP, Profuturo is a retirement fund manager. Afore is the Mexican equivalent of a 401(k)) of Mexican workers. The company is the third largest in Mexico by AUM and the only one that isn't backed by a financial group.
El Palacio de Hierro is a department store chain that points to the most affluent market in Mexico, with international brands, many of which operate exclusively as