Matmut Group is set to enhance its market position by acquiring 100% of HSBC Assurances Vie (France), reflecting a strategic move to expand its offerings and boost growth.

Target Information

Matmut Group has demonstrated significant growth, recording a 16.7% increase in acquired premiums and savings collection in the first half of 2025, amounting to €1,823 million compared to the same period in 2024. All segments of the business contributed positively to this growth. Within the damage insurance sector, the increase is primarily attributed to pricing adjustments that reflect inflation in repair costs and spare parts. Although the number of contracts remained stable, there has been a continued rebalancing of the portfolio towards higher quality risks. By the end of June 2025, the rate of climate-related damages was notably two times higher than that of the first half of 2024, which had previously been at a historically low level.

The stability in the number of contracts, along with a positive pricing effect and improved risk assessment for property and climate exposure, has enabled growth. Other damage insurance products, primarily involving multi-risk professional contracts and personal accident insurance, experienced a slight decline in acquired premiums (-0.5%) amidst a 1.5% growth in the portfolio of contracts. Notably, the growth also stems from the success of Mutuelle Ociane Matmut's health insurance offering, 'Santé vous bien!', which continues to perform exceptionally well in the market.

Industry Overview in France

The French insurance market remains robust and dynamic, driven by factors such as demographic trends, regulatory changes, and increasing consumer awareness regarding the importance of insurance coverage. In recent years, the market has shown resilience