Groupe Pasteur Mutualité

What Groupe Pasteur Mutualité does

Groupe Pasteur Mutualité is a French mutualist insurance group founded in 1858, organized as a union of mutuelles (Code de la mutualité) and owned by its member-policyholders rather than external shareholders. It serves healthcare professionals across France — physicians, pharmacists, veterinarians, dental surgeons, physiotherapists, nurses, midwives, hospital practitioners, and students — through 170 dedicated mutual advisors and a network of profession-specific mutual societies (GPM Médecins, Pharmaciens, Vétérinaires, Chirurgiens-dentistes, Kiné, Sages-Femmes, Hospitaliers, Jeunes Professionnels de Santé, plus regional entities).

The group's product portfolio spans health insurance (complémentaire santé, including 100% santé optical, dental and audiology coverage), providence/prévoyance, professional liability and legal protection, brokerage (GPM Courtage, ORIAS 07 023 091), and private wealth management (GPM Gestion Privée). Insurance is delivered via operating subsidiaries GPM Assurances SA (€55.6M capital) and Panacea Assurances SA (€50M capital), with headquarters consolidated in Paris's 15th arrondissement from 2020.

Beyond underwriting, the group operates a parallel prevention and community ecosystem: Villa M, an 8,000 m² multifunctional health campus in Paris (prevention center, coworking, sports, conference center, hotel, restaurant, innovation showroom); Programme M, a peer-support initiative for distressed healthcare professionals launched in 2021; Boxe à l'Hôpital (3,500+ cardio-boxing sessions across 95 establishments); conflict-management workshops; research fellowships (8 × €10,000 annually via the Fonds de dotation Villa M); and solidarity programs such as 1,000 repas solidaires deployed across approximately 10 French cities. Distribution combines a field sales force, the Villa M physical touchpoint, brokerage, and digital webinar/registration platforms. Reported annual turnover is €515 million against a workforce of approximately 411 employees.

Name

Groupe Pasteur Mutualité

Legal name

AGMF Prévoyance

Website

https://groupepasteurmutualite.fr

Company type

Private

Founded year

1858

Operating status

Operating

Headcount range

251–500 employees

Short description

Groupe Pasteur Mutualité is a French mutualist insurance group founded in 1858 serving physicians, pharmacists, veterinarians, dentists, physiotherapists, nurses and midwives via 170 mutual advisors and subsidiaries covering health, providence, liability, brokerage and wealth management.

Ownership category

akta.pro rank

Product category

Mutual Health Insurance

NAICS

Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

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

Keywords

• Mutual health insurance
• Professional liability coverage
• Provident insurance
• Healthcare professional services
• Prevention programs

Headquarters

HQ city

Paris

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. Health Insurance (Complémentaire Santé): Primary revenue from health insurance and mutualist contributions for healthcare professionals. Covers optical, dental, and audiology expenses under French 100% santé reform. Offered across multiple guarantee tiers (Super 100, Optimum, CPH, Reference, Variance, Variance+, 200, 300, Sumum, Platinium, Excellence, Excellence+).
2. Providence/Prévoyance Insurance: Income protection and provident insurance products covering occupational accidents, illness, disability, and death for healthcare professionals. Offered through AGMF Prévoyance (union of mutuals), GPM Assurances SA, and Panacea Assurances SA.
3. Property & Casualty Insurance: General liability and property coverage through Panacea Assurances SA, including legal protection products. Covers professional liability for healthcare professionals.
4. Brokerage Services: GPM Courtage SAS provides insurance brokerage services, distributing third-party insurance products to healthcare professionals.
5. Premium Funding and Prevention Services: Premium funding and financial services through GPM Gestion Privée, along with prevention services (Programme M, Boxe à l'Hôpital, conflict management workshops, mental health webinars) offered as part of the group's value proposition to members.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

Groupe Pasteur Mutualité sells mutual health, provident, property & casualty, legal protection, and wealth management insurance exclusively to French healthcare professionals (doctors, pharmacists, veterinarians, dental surgeons, physiotherapists, nurses, midwives) and students. The group also operates non-insurance prevention services including the Programme M peer mental health support program, the Villa M wellness and innovation campus, the Boxe à l'Hôpital cardio-boxing program, conflict management workshops, and research grants/prizes for healthcare students.

Product overview

Groupe Pasteur Mutualité operates as a mutualist group serving healthcare professionals with a multi-product portfolio spanning insurance (health, accident, life, property, legal protection), prevention programs, and research support. The core insurance products are offered through AGMF Prévoyance (mutual union), GPM Assurances SA, Panacea Assurances SA, GPM Courtage (brokerage), and GPM Gestion Privée (wealth management). Prevention initiatives include Programme M (peer mental health support), Villa M (innovative health space), Boxe à l'Hôpital (cardio-boxing), and conflict management workshops. Research support is provided through Villa M research grants and various thesis prizes for healthcare students. The group serves physicians, pharmacists, veterinarians, dental surgeons, physiotherapists, nurses, and midwives through a network of 170 mutual advisors across France.

Differentiator

Problem solved

Functional benefit

Brands

• Programme M: A peer-support and listening program for healthcare professionals experiencing psychological distress, offering free, confidential, and peer-based assistance.
• Villa M
• GPM Kiné
• GPM Vétérinaires
• GPM Pharmaciens
• GPM Hospitaliers
• GPM Jeunes Professionnels de Santé
• GPM Paris
• GPM Île-de-France Ouest
• GPM Chirurgiens-Dentistes
• Fonds de dotation Villa M

Products and services

• AGMF Prévoyance (Union of Mutuals)
• GPM Assurances SA
• Panacea Assurances SA
• GPM Courtage
• GPM Gestion Privée
• Santé 100% Coverage Products (Complémentaire Santé)
• Programme M
• Villa M
• Boxe à l'Hôpital
• Ateliers de Gestion des Conflits (Conflict Management Workshops)
• Bourses de Recherche Villa M (Villa M Research Fellowships)
• Prix de Recherche Sages-Femmes (Midwifery Research Prizes)
• Prix de Thèse Pharmaciens (Pharmacy Thesis Prizes)

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core and supporting.

• Conseil National de l'Ordre des Médecins (CNOM)coreStrategic or Co-development Partner · 2 December 2025Partnership between CNOM and Groupe Pasteur Mutualité to strengthen mutual aid, prevention, and support for physicians in difficulty. Joint actions include coordinated detection of vulnerability situations, shared expertise and resources, and reinforced support programs such as Programme M. Formalized in December 2025 at CNOM premises.
• GPM Hospitaliers, GPM Jeunes Professionnels de Santé, GPM Paris, GPM IDF OuestcoreStrategic or Co-development Partner · 10 March 2025Eight research fellowships of €10,000 each (total €80,000) funded jointly by Groupe Pasteur Mutualité and its affiliated mutuals (GPM Hospitaliers, GPM Jeunes Professionnels de Santé, GPM Paris, GPM IDF Ouest). The scientific committee is chaired by Pr Arnaud Hot.
• MACSF GroupcoreStrategic or Co-development Partner · 1 January 2025Strategic alliance between Groupe Pasteur Mutualité and MACSF to reinvent protection and services for healthcare professionals. This partnership combines the strengths of both mutualist groups to develop new insurance and prevention offerings for healthcare professionals across France.
• Fédération Nationale des Syndicats d'Internes en Pharmacie et Biologie Médicale (FNSIP-BM)supportingGTM or Marketing PartnerCollaboration with FNSIP-BM to organize the Prix de Thèse GPM Pharmaciens 2025. Three €1,500 prizes awarded to pharmacy and biology interns. Ceremony held at FNSIP-BM's General Assembly.
• Association Nationale des Étudiants en Sage-Femmes (ANESF)supportingGTM or Marketing PartnerPartnership with ANESF to organize the Prix de Recherche Sages-Femmes 2025 and 2026. Two €1,500 prizes awarded to young graduates in midwifery. Ceremony held during the National Day of Midwifery Students.
• Syndicat National des Vétérinaires d'Exercice Libéral (SNVEL)supportingGTM or Marketing PartnerPartnership with SNVEL for the Prix de Thèse Vétérinaires 2019 and subsequent years. Four laureates each received €1,500. Gala held at Appartements Hoche, Paris.
• Les Bouffons de la CuisinesupportingGTM or Marketing PartnerAnnual solidarity initiative '1,000 repas solidaires' for health students, launched in November 2025 and ongoing. Chefs prepare gourmet meals in approximately 10 French cities, addressing student food insecurity. Partners include lycées hôteliers and Michelin-starred chefs.
• CAMI Sport & CancersupportingGTM or Marketing PartnerPartnership as sponsor of the Medical Run at Parc de Saint-Cloud (500+ participants from the health sector). Event benefits go to CAMI Sport & Cancer, which runs therapeutic sport programs for cancer patients.
• EdupratsupportingImplementation/ SI/ Consulting PartnerStrategic partnership with Eduprat (healthcare training organization) to develop training and professional development services for healthcare professionals.
• CREPS Ile-de-France, Ministry of Sports, CNOSFsupportingGTM or Marketing PartnerPartnership with CREPS Ile-de-France, the French Ministry of Sports, and the French National Olympic Committee (CNOSF) as a partner of the Olympic and Paralympic Week 2020, promoting sport among youth and educational values.
• Region Ile-de-FrancesupportingGTM or Marketing PartnerFinancing by Region Ile-de-France for Boxe à l'Hôpital sessions in Ile-de-France healthcare establishments. Regional government support for sports-health programs targeting healthcare workers.
• UniprévoyancesupportingChannel Partner/ Reseller/ DistributorGPM Courtage, subsidiary of Groupe Pasteur Mutualité, distributes Uniprévoyance insurance products to biology laboratory employees.

Scale indicators14 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• SwissLife France: SwissLife France offers health, prévoyance, and wealth management products, including offerings targeted at self-employed professionals. Comparable on prévoyance and wealth management (GPM Gestion Privée), with broader generalist positioning.
• AG2R La Mondiale: AG2R La Mondiale is a leading French mutual insurer in health, prévoyance, savings, and retirement. Comparable mutual structure, complementary health products, and group insurance offerings; broader portfolio than GPM's healthcare-professional focus.
• Groupe Vyv: Groupe Vyv is France's largest mutual health insurance group, combining Harmonie Mutuelle, MGEN, and other mutuelles. Overlaps with GPM in health and prévoyance for healthcare professionals but serves a much broader population including civil servants and general public.
• AXA France: AXA France is the French arm of one of the world's largest insurers, offering health, life, and P&C coverage to individuals and professionals. Competes with GPM on healthcare professional insurance, but with broader portfolio and listed-company capital access.
• Allianz France: Allianz France is a major generalist insurer offering health, prévoyance, P&C, and wealth management. Competes for healthcare professional customers but with a much broader customer base and capital backing than GPM's mutual niche focus.
• Malakoff Humanis: Malakoff Humanis is a major French group protection and health insurer serving employers and individuals. Comparable complémentaire santé and prévoyance products, particularly for healthcare establishments and CPTS, with broader corporate vs. profession-specific positioning.

Direct peers

• Matmut: Matmut is a French mutual insurer offering health, auto, home, and prévoyance products to individuals and professionals. Comparable mutual ownership model, multi-line French insurance footprint, and complementary santé offering for individuals and self-employed professionals.
• MACSF: MACSF is France's leading mutual insurer dedicated to healthcare professionals, offering health, prévoyance, and professional liability coverage. It is now GPM's 2025 strategic alliance partner and the most directly comparable competitor on profession-specific mutual health insurance.
• Harmonie Mutuelle: Harmonie Mutuelle is one of France's largest mutual health insurers (part of Groupe Vyv), serving a broad population including healthcare professionals. Directly comparable complémentaire santé and prévoyance offering, mutual ownership structure, and French-only geography.

Emerging players

• Alan: Alan is a French digital-native health insurer serving individuals, self-employed, and SMEs with a tech-led proposition. Competes for younger healthcare professionals and self-employed members, representing the emerging digital threat to traditional mutual insurers like GPM.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/groupe-pasteur-mutualit%C3%A9
• Instagraminstagram.com/gpm_mutuelle

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries7 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 Pasteur Mutualité