Organisation

The Covéa Group’s parent company is a SGAM (Société de Groupe d’Assurance Mutuelle), a French legal structure for a group of insurance mutuals.

It exercises dominant influence, coordinating the decisions made (including in financial affairs) by its affiliates and possessing control powers.

It establishes and maintains strong and lasting financial relationships with its affiliated entities.

The eight mutual or jointly managed insurance companies that are affiliated with Covéa SGAM are divided into the following three families:

Some entities affiliated with Covéa SGAM hold shares in Covéa Coopérations, a reinsurance company registered in France, which directly or indirectly owns all or part of the capital that makes up the Group’s main operational companies.

Covéa Coopérations serves as the hub between Covéa SGAM’s affiliated entities and the Group’s main operational companies.

Simplified organisational chart of the Covéa Group at 31 December 2022