Finance
Activities and results
Market leader in property and casualty insurance in France, Covéa operates primarily via three strong complementary brands – MAAF, MMA and GMF – offering a comprehensive and diversified range of products covering all the needs of its customers and members
In the reinsurance market, Covéa operates mainly via PartnerRe, which offers a wide range of non-life and life reinsurance products and works with insurance companies all over the world.
In 2022, the 7% increase in net income, to €896 million, with €348 million coming from PartnerRe, underlines the efficiency of Covéa’s model.
Rating
The Group’s solvency and its ability to generate stable results demonstrate its financial strength, which is recognised by the large credit rating agencies.
S&P Global Ratings
AA-
Stable outlook - Last update: 2024/01/29
Moody's
Aa3
Stable outlook - Last update: 2021/10/29
AM Best
A+ (Superior)
Stable outlook - Last update: 2024/02/08
Our latest financial publications
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Covéa joins forces with EDF to offer home renovation and energy efficiency solutions for MAAF, MMA and GMF policyholders
04 March 2024