Key figures
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 10.8 million vehicles and 7.9 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 2023
24,000 employees
including 21,000 in France and 3,000 worldwide
63%
Proportion of women in the staff of the Covéa Group
53%
Women in managerial positions
95.4%
Employees who received training
2,400
Sales point in France
Our brands MAAF, MMA and GMF cover all of France.
54.9 ktons CO2 eq.
Carbon footprint
Expressed in kilotons CO2 equivalent, for the entire Covéa Group on scopes 1,2 and 3 (exploitation areas).
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- Governance
- Covéa
2023 Integrated Report: Covéa reasserts its leading position and its commitment to a sustainable future
15 July 2024 -
- Governance
- Covéa
Michael Walker has been appointed Group Chief Financial Officer of Covéa
01 July 2024 -
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