Matmut

What Matmut does

Matmut is a French mutual insurance group (Société d'Assurance Mutuelle à cotisations variables) founded in 1961 and headquartered in Rouen, France. The group offers a comprehensive portfolio of property and personal insurance products spanning auto, motorcycle, new electric mobility (NVEI), home, personal accident, school, pet, health (Mutuelle Santé), death/funeral protection, life insurance, and savings/retirement (PER, Livret Matmut, Complice Vie multisupport, Matmut Vie Épargne), plus credit products and wealth management through Matmut Patrimoine. Revenue is generated primarily through recurring subscription insurance premiums across multiple lines, supplemented by transaction-based credit fees, wealth advisory fees, and partner-distributed banking products (e.g., Livret Matmut via Socram Banque).

Distribution follows a hybrid omni-channel model: an extensive physical branch network (Agences) across France complemented by self-service digital channels (matmut.fr, the Ma Matmut mobile app rated 4.5/5, and online quoting/subscription), inside sales via telephone advisory, and direct field advisory through Matmut Patrimoine wealth managers. The technology stack centers on a digital insurance platform supporting online policy management, claims filing, document downloads, teleconsultation (Medaviz integration), and a proprietary home risk diagnostic tool ('Que risque ma maison?').

The customer base is primarily individual consumers (Particuliers), with secondary segments for professionals, public sector workers (via subsidiary Mgefi), and seniors, distributed across more than 1 million policyholders through the Mutuelle Ociane Matmut health subsidiary alone. The group is wholly member-owned (no external shareholders), governed through elected delegate assemblies, and operates exclusively within France through wholly-owned subsidiaries including Mutlog, Matmut Protection Juridique, Matmut Patrimoine, Matmut et Co, Inter Mutuelles Entreprises, Mutuelle Ociane Matmut, and the recently acquired KOREGE (formerly HSBC Assurances Vie France).

Name

Matmut

Legal name

Matmut, Mutuelle assurance des travailleurs mutualistes, Société d'assurance mutuelle à cotisations variables

Website

https://matmut.fr

Company type

Private

Founded year

1961

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Matmut is a French mutual insurance group founded in 1961 in Rouen, offering P&C, health, life, savings, credit, and wealth management products to individual consumers, professionals, and public sector workers across France through branches, digital platforms, and advisory services.

Ownership category

akta.pro rank

Product category

Personal Insurance (Mutual Insurance)

NAICS

Direct Life, Health, and Medical Insurance Carriers (52411), Direct Life Insurance Carriers (524113), Health and Welfare Funds (52512), Other Insurance Funds (52519)

SIC

Accident & Health Insurance (6321), Life Insurance (6311), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Individual Supplemental Health (Hospital Indemnity, Critical Illness, Accident) (FSAIAEAD)

akta.pro secondary industries

Personal Accident Insurance (Injury, Disability & Income Benefit) (FSAJAJAD), Whole Life / UL Policy Riders & Add-ons (e.g., Waiver of Premium, Accidental Death, Child Term, LTC/Chronic Illness) (FSAIABAK), Variable Universal Life (VUL) Insurance (FSAIABAD)

Keywords

• Property and casualty insurance
• Health insurance mutuelle
• Life insurance and savings
• Personal insurance products
• Consumer credit services

Headquarters

HQ city

Rouen

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Property & Casualty Insurance: Auto, motorcycle, home, and accident insurance premiums collected from individual policyholders. Core business segment with multiple product lines.
2. Health Insurance: Supplementary health insurance (mutuelle santé) providing coverage for medical expenses not reimbursed by Social Security
3. Life Insurance & Savings: Life insurance products (Matmut Vie Épargne, Complice Vie, Matmut Vie Générations), savings accounts (Livret Matmut), and retirement planning (PER). Management fees and premium income.
4. Credit Products: Auto loans, home improvement loans, personal credit, and loan insurance distributed through Matmut
5. Patrimonial Advisory Services: Wealth management and estate planning services through Matmut Patrimoine advisors

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

Matmut is a French mutual insurance company that provides a broad range of personal insurance and financial products — auto, motorcycle, home, health, life insurance and savings, daily protection, and consumer credit — primarily to individuals (Particuliers), with dedicated offerings for professionals and public sector employees. Insurance contracts are complemented by assistance, prevention, and wealth advisory services delivered through a regional branch network and digital channels.

Product overview

Matmut is a French mutual insurance group (Société d'Assurance Mutuelle) offering a broad portfolio of insurance and financial services products primarily to individual consumers (particuliers), with separate offerings for professionals, public sector employees, seniors, and young adults. The product architecture spans core insurance lines — Auto-Moto, Habitation (home), Santé-Prévoyance (health/provident), Accidents de la Vie (personal accident), Scolaire (school), Chien/Chat (pet), and Assistance — alongside a complementary suite of savings, retirement, credit, and wealth management products. Savings and retirement offerings include life insurance products (Complice Vie multisupport, Matmut Vie Épargne mono-support euro fund, Matmut Vie Générations for children, and Complice Retraite PER), the Livret Matmut non-regulated savings account, and responsible investing ESG funds within Complice Vie. Credit products cover auto, home improvement, personal, and health loans plus long-term leasing (LLD). The wealth management arm, Matmut Patrimoine, provides advisory services for heritage planning, real estate investment, and retirement preparation. Insurance products integrate supplementary services such as the Medaviz teleconsultation module for health policyholders, home alarm/telesurveillance starting at €23.99/month, and 24/7 assistance. The group distributes its products through a network of physical agencies, an online quote and subscription platform, and a mobile application (Ma Matmut rated 4.5/5 on app stores).

Differentiator

Problem solved

Functional benefit

Products and services

• Auto Insurance Motor vehicle insurance for private cars covering liability, all-risk, and extended assistance; available to individual policyholders and professionals with fleet needs.
• Motorcycle and Two-wheeler Insurance Insurance contracts for motorcycles, scooters and similar two-wheel vehicles.
• Caravan and Mobile Home Insurance Insurance for towed or motorized caravans and mobile homes.
• Home Insurance (Habitation) Housing insurance covering owner-occupiers, tenants and landlords against property damage and liability.
• Individual Health Insurance (Santé) Complementary health insurance for individuals covering medical, hospital, dental and optical expenses.
• Pet Health Insurance Health and accident insurance covering veterinary costs for dogs and cats.
• Life Insurance (Assurance Vie) Life insurance savings contract enabling wealth accumulation with associated death benefits for beneficiaries.
• Retirement Savings (PER / Épargne Retraite) Retirement savings plan allowing individuals to build capital for retirement through tax-advantaged contributions.
• Life Capitalization (Capitalisation) Capitalization savings contract for long-term wealth accumulation without death benefit.
• Accident Insurance (Accidents de la Vie) Personal accident insurance covering the policyholder and family against everyday accident risks.
• Legal Protection Insurance Legal protection coverage providing access to legal advice and coverage of legal fees for disputes.
• Travel Insurance Travel insurance covering trip cancellation, medical emergencies, and baggage during private or business travel.
• School Insurance (Scolaire) Insurance tailored to school-age children covering accidents and civil liability in school and extracurricular settings.
• Dependents Insurance (Aidants / Dépendance) Coverage supporting dependents and caregivers in cases of loss of autonomy.
• Identity and Cyber Protection Coverage and assistance services to protect policyholders against identity theft and cyber risks.
• Auto Loan (Crédit Auto) Consumer credit product financing the purchase of a new or used vehicle.
• Real Estate Loan (Crédit Immobilier) Mortgage financing for the purchase of primary residence, secondary residence, or investment property.
• Personal Loan (Crédit Personnel) Unsecured personal loan financing for non-asset-linked consumption needs.
• Wealth Advisory (Conseil en Gestion de Patrimoine) Personalized wealth management advisory delivered through in-branch wealth advisors to help policyholders structure savings, retirement, and investment decisions.
• Roadside and Home Assistance Assistance services bundled with insurance contracts covering vehicle breakdown, towing, and home emergencies.
• Ma Matmut Mobile Application Mobile application enabling policyholders to access their contracts, report claims, request assistance, and consult their documents.

Quantifiable outcome

• 16.2% revenue growth and 56.3% net income increase in FY2025
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered flagship, core and minor.

• HSBC Assurances Vie (now KOREGE)flagshipStrategic or Co-development Partner · 31 October 2025SGAM Matmut completed the acquisition of 100% of HSBC Assurances Vie's share capital in France, rebranded as KOREGE. This acquisition significantly expanded Matmut's presence in the savings and protection segment, contributing to the 16.2% revenue growth in 2025.
• KOREGEflagshipStrategic or Co-development PartnerFollowing the HSBC Assurances Vie acquisition, KOREGE became part of the Matmut Group and drove the group's diversification into savings & protection, contributing to strong 2025 financial results with 16.2% revenue increase and 56.3% net income growth.
• Cardif Assurance ViecoreStrategic or Co-development PartnerCardif Assurance Vie is the insurer for Complice Vie multisupport life insurance and Complice Retraite products distributed by Matmut. Provides the insurance infrastructure and fund management for Matmut's savings products.
• Socram BanquecoreChannel Partner/ Reseller/ DistributorSocram Banque is the banking partner for Livret Matmut savings account. Matmut acts as intermediary in operation of bank and payment services (ORIAS n°13005890) exclusively for Socram Banque.
• Virage ViagerminorStrategic or Co-development PartnerPartnership for Révolution Viager - innovative viager (lifetime annuity) solution where sellers receive full property price upfront instead of periodic payments, offered through Matmut Patrimoine.
• Sapeurs-Pompiers de FranceflagshipStrategic or Co-development PartnerLong-term partnership with French fire service, supporting firefighters' missions and prevention initiatives across France.
• LOU Rugby (Lyon Olympique Universitaire)coreStrategic or Co-development PartnerMajor sponsorship of LOU Rugby including naming rights to Matmut Stadium and accessibility initiatives for inclusive sports experiences.
• Mutuelle Ociane MatmutcoreStrategic or Co-development PartnerHealth mutual insurance subsidiary serving over 1 million people, partnered with ODP Talence music festival, offering specialized health coverage products.
• RHE 76 (Réseau Hospitalier Événementiel)minorStrategic or Co-development PartnerPartnership with Rouen Hospital Network supporting healthcare initiatives and fighting against school dropout.

Scale indicators6 records

Recent moves1 record

Expansion highlights6 records

Direct peers

• MAIF: French mutual insurer known for auto, home, and liability coverage of individuals, educators, and associations. Highly comparable mutualist philosophy, member-owned structure, and customer-base overlap with Matmut.
• Macif: French mutual insurer focused on personal property/casualty, health, and savings for individuals. Shares Matmut's mutualist governance model and core retail P&C and health focus in France.
• CNP Assurances: Major French personal insurance provider, particularly strong in life insurance, retirement, and protection (including via partnerships with La Banque Postale and Groupe BPCE). Comparable to Matmut's life/savings segment, especially post-KOREGE.
• Groupama: French mutual insurance group offering auto, home, health, life, and savings products to individuals, farmers, and professionals. Closely comparable mutualist structure and product mix to Matmut, with regional branch networks across France.
• Covéa (MAAF / MMA / GMF): French mutual insurance group combining MAAF, MMA, and GMF, offering P&C, health, and savings products across France. Direct competitor with comparable mutualist roots and a similar multi-brand retail strategy.
• Crédit Agricole Assurances: French bancassurance arm of Crédit Agricole, offering P&C, life, and health products to French retail and professional customers through bank and digital channels. Competes head-to-head with Matmut in the French multi-line mutual/bancassurance space.

Broad incumbents

• Allianz France: French arm of global insurer Allianz, offering P&C, life, health, and asset management. Direct competitor in the French retail and professional insurance market but with global scale and capital advantages.
• AXA: One of Europe's largest insurance groups with significant French P&C, life, and health operations. Directly comparable to Matmut across auto, home, health, and life insurance but at much greater scale and with global diversification.

Emerging players

• AG2R La Mondiale: French mutual insurer specializing in retirement, health/prevoyance, and savings — areas where Matmut is expanding via Mutuelle Ociane Matmut and KOREGE. Comparable in mutualist structure with overlap in supplemental health and life.
• Swiss Life France: French subsidiary of Swiss Life, focused on life insurance, retirement, and wealth management for individuals and high-net-worth clients. Competes with Matmut's wealth advisory (Matmut Patrimoine) and life insurance (Complice Vie, Matmut Vie Épargne) offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/GroupeMatmut
• YouTubeyoutube.com/matmutmedia
• Facebookfacebook.com/matmutprevention
• LinkedInfr.linkedin.com/company/matmut
• Instagraminstagram.com/matmut

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries8 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments13 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Matmut