Key figures

French market leader in property and casualty insurance and the world’s 10th-largest reinsurer, Covéa is a leading name in European insurance. The Group benefits from a very robust financial position, with a wide and balanced range of activities.

Activities in 2023

€26.8 bn
Gross earned premiums

50%

Non-life insurance

13%

Life insurance

37%

Reinsurance

No. 1
Leading positions in France

In property and casualty insurance, motor insurance, home insurance and legal protection. The Group is also the world’s 10th-largest reinsurer.

11.4 million
Customers and members

Covéa insures 10.5 million vehicles and 7.3 million homes in France. The Group also has 3 million health insurance policyholders.

Financial position as of 31 december 2023

  • Net income

    • 2023

      1480.00 €m

    • 2022

      896.00 €m

    • 2021

      838.00 €m

€18.8 bn
Group equity

AA- / stable outlook

Rating from S&P Global Ratings

Aa3 / stable outlook

Rating from Moody's

A+ (Superior) / stable outlook

Rating from AM Best

200%
Solvency ratio

In 2023, the decrease of the solvency ratio was due to the PartnerRe group being included using the standardised approach.

€111 bn
Investments

In terms of realisable value, government and similar bonds make up 45% of investments, corporate bonds 17%, equities and equity UCITS 10%, and property 7%.

Non-financial performance as of 31 december 2022

24,000 employees
including 21,000 in France

65.7%

proportion of women in the staff of the Covéa economic and social unit (UES)

54.6%

Women in managerial positions

95.4%

Employees who received training

2,415
Sales point in France

Our brands MAAF, MMA and GMF cover all of France.

743.4 tons
Waste

For operating property, scope of the Covéa economic and social unit (UES).

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