Turnover: 428 million EUR (2021)
Country: France
Gras Savoye is an insurance broker founded by Pierre Savoye and Gustave Gras in 1907.
This multi-specialist insurance covers classic fields as well as specific risks such as aviation, agriculture, fish farming, reinsurance, etc...
News
Insurance: broker WTW seeks new boss for ex-Gras Savoye 16/11/2022
- WTW goes on the offensive again in France
- failed marriage with Aon
- Subsidiary Gras Savoye: bought outin 2015, the former number one brokerage in France (sales of 428 million euros in 2021) is outpaced by Diot-Siaci
- No redundancy plan
- 2.000 employees in France
Number one in France since 1992 and tenth broker worldwide, Gras Savoye generates 20% of its business abroad.
The Gras Savoye Group is 100% owned by Willis Towers Watson,
Financial Data
DUNS: 311248637
Legal Name: WILLIS TOWERS WATSON FRANCE
Address: 33 QUAI DE DION BOUTON 33-34, 92800 PUTEAUX
Number of employees: Entre 2 000 et 4 999 salariés (2020)
Capital: 1 432 600 EUR
Financial Data:
| Year | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|
| Turnover | 373 705 966 | 411 943 653 | 416 456 678 | 398 052 657 | 319 495 395 | 303 696 342 | 301 011 518 |
| Gross margin (€) | 441 204 144 | 479 595 469 | 479 601 212 | 455 904 633 | 375 259 293 | 352 964 540 | - |
| EBITDA (€) | 49 147 736 | 53 536 096 | 38 983 937 | 31 822 583 | 11 316 008 | 3 754 760 | - |
| Operating profit (€) | -32 285 277 | -14 544 725 | -25 705 457 | -27 963 817 | -40 768 526 | -44 313 514 | - |
| Net profit (€) | 110 379 555 | 46 606 975 | 126 957 610 | 80 510 004 | 28 977 867 | 58 387 468 | 22 246 693 |
| Turnover growth rate (%) | -9,3 | -1,1 | 4,6 | 24,6 | 5,2 | 0,9 | - |
| Ebitda margin rate (%) | 13,2 | 13 | 9,4 | 8 | 3,5 | 1,2 | - |
| Operating margin rate (%) | -8,6 | -3,5 | -6,2 | -7 | -12,8 | -14,6 | - |
| Working Capital (turnover days) | -32,3 | -70,6 | -40,1 | -41,8 | -23,5 | -19,3 | - |
| Working Capital requirements (turnover days) | 110 | 88,9 | 80,5 | 82,2 | 70,7 | 85,9 | - |
| Net margin (%) | 29,5 | 11,3 | 30,5 | 20,2 | 9,1 | 19,2 | - |
| Added value / Turnover (%) | 60,6 | 55,3 | 52,6 | 50,9 | 46,5 | 46 | - |
| Wages and social charges (€) | 163 245 514 | 161 757 539 | 163 986 015 | 154 969 379 | 125 487 865 | 122 992 044 | - |
| Salaries / Turnover (%) | 43,7 | 39,3 | 39,4 | 38,9 | 39,3 | 40,5 | - |
Company Managers:
| Position | First Name | Last Name | Age | |
|---|---|---|---|---|
| Président | Anne Brennan | PULLUM | 41 |
Studies mentioning this company
The insurance brokerage market - France
Other companies mentioned:
- Gras Savoye Willis Tower Watson France
- Verspieren
- SPB
- Assurpeople
- Indexia Group - ex SFAM
- April group
- Henner Groupe
- Entoria
- Alptis
- Acheel
- Just
- Wakam
- Diot Siaci
- Premium Groupe
- Saretec Groupe
- Verlingue
- Vilavi Groupe (ex Assu 2000)
- Fibus (ex Chateaudun Credit)
- Prevoir Groupe
- Adelaide Assurance
- Antinea Courtage
- Artemis Courtage
- Abeille Assurance (Aéma groupe)
- Descartes Underwriting Insurance
- Shift Technology
- Satec Groupe
- Roole
- Alexis Assurances
- Wefox
- SPB Groupe - AVI
- Continuity Assurance
- SL. Travaux Conseils