Aéma Groupe: FY 2022 Results

PRESS RELEASE                      Paris, April 6, 2023

 Aéma Groupe 2022 Financial Results

Despite a challenging economic environment, Aéma Groupe confirms its growth and strength

Pascal Michard, Aéma Groupe President, said: ”The results from this, the Groupe's second year of existence, confirm the relevance of our vision to create and develop a major French mutual insurance player present in in all areas of protection, in personal and property insurance, health, savings and finance, capable of being efficient while remaining faithful to our values, and to our social, societal and environmental commitments."

Adrien Couret, Chief Executive Officer of Aéma Groupe, added: ”Faced with an unprecedented and chaotic economic situation - from the war in Ukraine to extreme weather events and the rise in interest rates and inflation - Aéma Groupe's model, which is now fully diversified, has proved its resilience as a business. This resilience is shown in the steady progression of consolidated indicators of revenue, results and, above all, solvency, putting us well ahead of our business plan. From these solid foundations, we will continue building our group with confidence, supporting the transformations of our mutual project and the changes in our environment.”

I) Aéma Groupe in 2022: A diversified group built on strong brands

Groupe revenue in 2022 was 16,085 billion euros, up 0.2% on the previous year. In the P&C segment, earned premiums were up 4,2 %* at 5,474  billion euros. Health-Personal Risk earned 3,240 billion euros, an increase of 2,7 % on 2021. Gross inflows for Savings-Pensions were at 7.371 billion euros, a slight fall of 3.6% on the previous year.  

*At constant perimeter.

II) 2022 was a second year of growth for Aéma Groupe, affirming the strength of its multi-brand and multi-business model

• Aéma Groupe : 4 Brands, 4 Business Sectors, with strong positions on each of its markets

Aéma Groupe is structured around four strong brands that are leaders in their respective markets (Aésio Mutuelle, Macif, Abeille Assurances, Ofi Invest), with global expertise in insurance and asset management that meets the insurance needs for its more than 11 million policyholders.

* Source: SFCR.

** Internally produced on the basis of the Argus de l’assurance rankings (2021 figures).

*** IPE ranking at the end of December 2021.

• Emerging synergies

In 2022, Aéma Groupe strengthened its synergies, confirming the pertinence of its model and the strong added value of each of its brands:

• Financial synergies that enabled a diversification gain in S2 of more than 3 billion euros.
• Operational synergies with the implementation of a common healthcare and policyholder network linking all its mutual insurers and strengthening the overall protection offer, and the implementation of group purchases.
• Significant expertise synergies thanks to shared dynamics across the Groupe’s business lines  (reinsurance, motor insurance, public affairs)
• Common commitments to the Energy Transition, coupled with strong positions on climate and biodiversity, with membership of the Net Zero Asset Owner Alliance (NZAOA), the Finance For Biodiversity Pledge (FFBP), and to the Principles for Responsible Investment (PRI). The Groupe has also aligned its investment strategies linked to biodiversity, and has excluded issuers exposed to palm oil. 

● The Groupe continues is dynamic of openness and acquisition

Aéma Groupe has strengthened and proved its attractiveness, through an M&A strategy initiated in 2022: Mutuelle des Métiers de la Justice (MMJ) joining UMG Aésio Macif, acquisition of Mondial Pare-Brise by Macif. This has reinforced its position within the market as a major player in the P&C business.

III) Objective 2023: Complete the consolidation of the group, ensure its long-term viability

Aéma Groupe's objective for 2023 is to strengthen its business, technical and financial fundamentals in order to cement the group's long-term project, in four priority areas:

• Develop the financial and business strength of its activities through the completion of brands' strategic plans and transformations, the recovery of activities that were under pressure in 2022 as a result of cyclical (claims) and regulatory (100% Healthcare) developments, and the development of synergies and economies of scale across the Groupe.

• Pursue a strategy of diversification, quality and accessibility for policyholders and customers.

• Develop support for the energy transition through the definition of a clear path towards the carbon neutrality of its investments, objectives for managing the impact of its investments on biodiversity, and the strengthening of its oil and gas exclusion strategy.

• Prepare for the future through the development of the strategic plan for 2024-2026.

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ABOUT AÉMA GROUPE

Aéma Groupe is France’s fourth largest insurance company. With a revenue of more than 16 billion euros in 2022, the Groupe includes the Aésio Mutuelle, Macif, Abeille Assurances and Ofi Invest brands. Its more than 20,000 employees and 1,800 elected representatives work every day to support and protect more than 11 million policyholders.

A leading multi-brand, multi-network and multi-business insurer, Aéma Groupe covers all insurance needs (Property & Casualty, Health & Personal Risk, Retirement Savings and Asset Management). Its extensive risk expertise and economic strengths make it a major partner in building the insurance of the future.  

Independent and resolutely mutual, Aéma Groupe aims to provide enlightened, constructive and human answers to the major insurance challenges linked to transitions being experienced across the world. By building a leading mutual insurance company that brings together economic, social and environmental performance, Aéma Groupe is creating a new and solid model to provide global, sustainable and fair insurance for everyone.

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CONTACTS – Media 

Agence Rumeur Publique - aema-groupe@rumeurpublique.fr

Taline Sarkissian|+33 6 13 36 70 23 - Simon Lozach I + 33 6 32 26 41 56

Aéma Groupe – Flore Witvoet | fwitvoet@aemagroupe.fr

CONTACT – Investor relations 

Jean-Yves Icole – Head of Funding and Investor Relations|jeanyves.icole@aemagroupe.fr