What Groupe AGPM does

Groupe AGPM is a French mutual insurance association (association d'assurance mutuelle) founded in 1950 and headquartered in Toulon. The company's core constituency is French military personnel (Army, Navy, Air Force), national security forces (Gendarmerie, Police, Firefighters, Civil Security), their families, and, increasingly, the general public. As a non-profit mutual governed by its members, the entity has no external shareholders and reinvests surplus into pricing, services, or reserves. As of end-2025, it serves approximately 719,535 clients with 918 employees and operates through 40 physical agency branches across France.

The product portfolio spans multi-line personal insurance: health (santé), automobile, habitation, life insurance (assurance vie), savings and retirement (notably Plan ÉPARMIL for military personnel), property and casualty, loan insurance, and bereavement/death coverage (PAM, Objectif Prévoyance). Distribution is omnichannel, combining the 40-branch physical agency network with a digital self-service portal (monespace.agpm.fr). Strategic partnerships with Association Tégo and L'Entraide Tégo extend the offering into occupational injury coverage and mutual aid for the defense community, deepening ecosystem integration with uniformed service institutions.

Revenue mechanics are typical of a non-life and life insurer: premium income, fees, and investment returns on technical reserves. The mutual structure means there is no public revenue disclosure, no external equity capital, and no dividend distribution mechanism; growth in membership and product penetration is the principal lever for scale. The company's specialization in military and security force risk profiles (OPEX deployments, mutations, career transitions, family bereavement) constitutes a niche underwriting competency that is difficult for generalist insurers to replicate without comparable institutional knowledge and channel relationships.

Name

Groupe AGPM

Legal name

Association Générale de Prévoyance Militaire

Website

https://groupe-agpm.fr

Company type

Private

Founded year

1950

Operating status

Operating

Headcount range

251–500 employees

Short description

Groupe AGPM is a French mutual insurance association founded in 1950, serving 719,535 military personnel, security forces, their families, and the general public with health, auto, home, life, and savings products across 40 agency branches.

Ownership category

akta.pro rank

Product category

Personal Insurance

NAICS

Direct Health and Medical Insurance Carriers (524114), Direct Life, Health, and Medical Insurance Carriers (52411), Health and Welfare Funds (525120)

SIC

Accident & Health Insurance (6321), Life Insurance (6311), Services-Membership Organizations (8600)

akta.pro primary industry

Association & PEO Group Health Plans (AHP/PEO-Sponsored) (FSAIAFAH)

akta.pro secondary industry

Group/Employer-Sponsored Critical Illness & Hospital Indemnity (FSAIAKAD)

Keywords

• Military insurance
• Personal insurance
• Mutual insurance
• Savings retirement
• Legal protection

Headquarters

HQ city

Salles-en-toulon

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: Collection of recurring insurance premiums from policyholders across multiple insurance product lines including health, provident, home, vehicle, life insurance, and legal protection. Premiums are paid regularly (monthly or annually) by 719,535 clients.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Groupe AGPM is a French mutual insurance association (société d'assurance mutuelle) that sells personal insurance products—health, providence, home, vehicle, real estate, savings-retirement, school, and legal protection—primarily to French military, defense, and security forces personnel and their families. It also offers military-life-specific sub-products such as Plan ÉPARMIL, Objectif Prévoyance, Perte de Revenus, Plan Annuel de Mutation, Option Spéciale Mission, and Pack Épargne-Prévoyance, distributed through 40 regional agencies and a digital client portal serving roughly 719,535 members.

Product overview

AGPM is a comprehensive insurance provider specializing in military personnel, defense forces, and their families. The company offers a multi-product portfolio centered on provident insurance (Prévoyance), health coverage (Santé), and savings/retirement products (Épargne - Retraite). Core products include home insurance (Habitation), vehicle insurance (Véhicule), school insurance (Assurance Scolaire), and legal protection (Protection Juridique). The product range also features specialized offerings such as Plan ÉPARMIL euro-denominated life insurance, Objectif Prévoyance military-specific coverage, Perte de Revenus income protection, and the Option Spéciale Mission for external operations. Services include the Plan Annuel de Mutation (PAM) for military relocations and bundled packages like Pack Épargne - Prévoyance combining savings and protection. The portfolio is accessible through a personal space portal (Espace Personnel) and agency network across France.

Differentiator

Problem solved

Functional benefit

Brands

• Plan ÉPARMIL: Euro-denominated life insurance savings plan offered by AGPM
• Objectif Prévoyance
• Plan Annuel de Mutation (PAM)

Products and services

• Health Insurance (Santé) Personal health and medical expense coverage for French military, defense, and security forces personnel and their families, reimbursing healthcare costs and complementing statutory French social security.
• Providence Insurance (Prévoyance) Providence coverage providing protection against loss of income, death, and disability, including military-specific income-protection needs such as those addressed by the Perte de Revenus offering.
• Home Insurance (Habitation) Coverage for the household — dwelling, contents, and liability — designed to remain portable as military policyholders relocate between postings.
• Vehicle Insurance (Automobile) Motor vehicle insurance covering liability, damage, theft, and related risks for cars used by military personnel and their families, supporting frequent postings and cross-regional use.
• Real Estate Insurance (Immobilier) Insurance tied to real estate ownership and financing, including protections relevant to mortgage holders and property owners within the military community.
• Savings-Retirement Insurance (Épargne-Retraite) Long-term savings and retirement products allowing policyholders to build capital and prepare for retirement, including Plan ÉPARMIL (military savings plan) and Pack Épargne-Prévoyance (combined savings-providence pack).
• School Insurance (Scolaire) Personal accident and liability cover for school-age children of military families, addressing the specific risks of school and extracurricular activities.
• Legal Protection Insurance (Protection Juridique) Coverage that funds legal advice and defense costs for policyholders facing disputes, including matters linked to the specific circumstances of military life.
• Objectif Prévoyance A providence-focused sub-product providing structured income, death, and disability protection tailored to the profile of AGPM's military and security-forces clients.
• Perte de Revenus A specialized income-protection sub-product compensating policyholders for loss of revenue due to injury or disability, addressing the mission-related risks faced by military personnel.
• Plan Annuel de Mutation An annual coverage plan designed to accompany military personnel through their yearly reassignment cycles, ensuring continuity of insurance cover across postings.
• Option Spéciale Mission An optional cover activated during operational missions, providing enhanced protection for personnel deployed outside routine assignments.
• monespace.agpm.fr — Digital Member Platform Online member portal where policyholders can subscribe to coverage, file and track claims, consult contracts, and manage their personal insurance portfolio.

Quantifiable outcome

• 719,535 clients served as of 31/12/2025

Named customers8 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Association TégocoreOthersRelated association within the AGPM ecosystem. Association Tégo provides mutual aid and solidarity services to the military and security community. Part of the broader mutual assistance network serving AGPM members.
• L'Entraide TégocoreOthersMutual aid program under Association Tégo focused on being present when members need support. Provides emergency assistance and support services to AGPM policyholders in times of difficulty.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Unéo: Mutual insurer that specifically serves military and defense personnel with supplemental health, prévoyance, and life products. The closest direct competitor to AGPM's core offering for armed forces members in France.
• MAIF: Major French mutual insurer with strong civil-service and educator customer base, offering health, home, auto, and life products. Comparable mutual governance model and multi-product approach.
• GMF (Covéa): Major French mutual insurer under Covéa that offers auto, home, health, and prévoyance products with strong positioning among public-sector and civil-service professionals, partially overlapping AGPM's customer base.
• MACIF: Leading French mutual insurer (Aéma group) offering multi-line personal insurance including santé, prévoyance, habitation, véhicule, and épargne. Comparable mutual structure and broad personal-lines portfolio.
• Intériale (Klesia group): Mutual insurer focused on civil-service and public-sector professionals, providing health, prévoyance, and savings products. Comparable target segment (public-sector employees) and mutual structure.
• Mutuelle Générale: French health-focused mutual offering individual and collective health coverage. Overlaps with AGPM's santé offerings and shares the mutual-insurer governance model.

Broad incumbents

• AXA France: Major commercial insurer serving individuals and professionals in France across health, auto, home, life, and prévoyance. Provides comparable product breadth and competes for the public-segment of AGPM's customer base.
• CNP Assurances: France's largest life and personal-insurance carrier, with significant life insurance, retirement, and prévoyance offerings distributed via partner networks. Overlaps with AGPM's épargne, prévoyance, and loan-insurance lines.
• Crédit Agricole Assurances: Large bancassurer offering life, health, home, and personal insurance distributed through Crédit Agricole banks in France. Overlaps with AGPM's épargne, loan-insurance, and personal-lines products.
• Groupama: French mutual insurance group serving individuals, farmers, and professionals with personal and small-business insurance including santé, prévoyance, and épargne. Comparable mutual model and broad product scope.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/groupeagpmofficiel
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Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Groupe AGPM