Activities and results
Market leader in property and casualty insurance in France, Covéa operates primarily via three strong complementary brands – MAAF, MMA and GMF – offering a comprehensive and diversified range of products covering all the needs of its customers and members
In the reinsurance market, Covéa operates mainly via PartnerRe, which offers a wide range of non-life and life reinsurance products and works with insurance companies all over the world.
In 2022, the 7% increase in net income, to €896 million, with €348 million coming from PartnerRe, underlines the efficiency of Covéa’s model.
The Group’s solvency and its ability to generate stable results demonstrate its financial strength, which is recognised by the large credit rating agencies.
S&P Global Ratings
Stable outlook - Last update: 2024/01/29
Stable outlook - Last update: 2021/10/29
Stable outlook - Last update: 2024/02/08