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
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