2 3457 million for a growth of 1 at national park

The dynamism of the MAAF make of the jealous Is that the publication of the mutual Group 2005 results gave the opportunity to its CEO, Thierry Derez, respond to détracteurs potential on some sensitive subjects. Starting with the impact on the profitability of the Group of trade aggression, considered risky by some. Niortaise mutual aims 4 million insured members in 2010.

While its turnover rose by 16 over 2004 (the year marked by a rebate of 5 on auto premiums), and crosses the symbolic threshold of the EUR 3 billion, 3.08 billion. Certainly, mutual is better than the market both in damage (11 growth compared with 2.5 for the market) in life (33 growth compared to 14 for the market), where the rate of equipment of its members crossed the 10 mark. But, and Thierry Derez well emphasized this point, these performances were conducted "in accordance with technical balances." The mutual thus displays a combined ratio stable at 99.9, just below the threshold of 100, and close to the level target of 99.

Thanks to a favourable environment, but a controlled loss experience and ongoing work on the overhead costs (increased 28.9 of the turnover in 2002 to 26.3 in 2005), the net result is an increase of 10 to EUR 152 million. Note that the settlement agreement signed March 30 with the Commissioner of insurance of California in the Executive Life case of $ 62.5 million, which has been provisioned in the 2005 accounts. The Group has 1.68 billion of own funds ( 10), and a margin of solvency of 421, almost stable from 2004 (225).

Market share gains

It remains that it is rather commercially MAAF insurance differs. The mutual, 3.54 million members at end of 2005, or 5.7 more than in late 2004, indicates "win across market share" (see table). On the very competitive auto market, the number of vehicles insured by MAAF insurance grew by 5.2, 3,457 million, for a growth of 1 at national park. Illustrating its policy of control of rates, the Group indicated that, "since 1995, the cost of insurance auto inflation adjusted declined 21 stockholder MAAF."

The MAAF also continues to dig his trench in health, with insured 70,000 earned last year ( 8.6), is a portfolio of 884.000 contracts, multiplied by 2.4 in ten years. "Our campaigns may be challenged, but many know now that we are not only an auto insurer", provides Etienne Couturier, the delegated Director General insurance, referring to the highly contested operation of refund products cholesterol-lowering launched early this year with Unilever. And to add that the results of this joint campaign have been more convincing in terms of membership for the mutual acquisition of yoghurt "Pro-activ" for its industrial partner. Next step on 30 may, with the decision of the tribunal de grande instance of Paris, seized by the UFC-Que choose to ban their advertising.

The leaders, who reported "very serene", indicate that this does not prevent them on the contrary, to continue to play the cards of innovation and the prevention. Likely in anticipation of new "charges of mercenary operations", Thierry Derez recalled, not without malice, the MAAF was the first supplemental insurer in respect of the CMU, adding that "solidarity is not always because of those who speak the most."