Turnover: 22.7 billion EUR (2022)

Country: France

Covéa is a French mutual insurance company covering property, liability and reinsurance activities, headquartered in Paris. It was formed from the merger of three separate French mutual insurers: Garantie Mutuelle des Fonctionnaires (GMF), Mutuelle d'assurance des artisans de France (MAAF) and Mutuelle du Mans Assurance (MMA).

In 2002, it became a société de groupe d'assurance mutuelle or SGAM, a special French legal status, and operates a number of different brands in France and abroad, which were obtained through acquisitions.

News

Covéa: CFO becomes number 2 in the mutual insurance group 16/02/2024

  • The MAAF, MMA and GMF brands belong to the Covéa group.

Covéa stalls in property-casualty insurance, its core business 19/04/2023

  • On Tuesday, the group that brings together the Maaf, MMA and GMF brands announced sales of 22.7 billion euros in 2022, up 19% year-on-year.
  • PartnerRe contributed 4.1 billion euros, starting in July 2022.
  • Covéa's net income rose by 7% to 896 million euros, including nearly 350 million contributed by the new subsidiary.

Studies mentioning this company

The automobile insurance market - France

Other companies mentioned:

  • Axa groupe
  • Acheel
  • Flitter
  • Lyanne
  • Covea
  • Groupama (France)
  • Aesio Mutuelle (Aéma groupe)
  • Allianz
  • Maif France
  • CNP Assurances (La Poste)
  • Assurances du Crédit Mutuel
  • Crédit Agricole Assurances
  • Leocare
  • Direct Assurance

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