Sogecap S.A.

What Sogecap S.A. does

Sogecap S.A. is the life insurance entity of Société Générale Assurances, the insurance arm of the publicly-listed Société Générale Group (Euronext Paris: GLE). The company operates alongside Sogessur (property and casualty) and Oradéa Vie (life insurance for digital bank clients), and offers a portfolio spanning life insurance savings (including the 30-year-old flagship Séquoia contract), retirement savings (PER, PER Acacia, Matla, Patrimoine Retraite), and personal and property protection (auto, home, health, accident, death, legal protection, payment methods). Notable product innovations include PrimoPacte, a private equity unit-linked account offered with Primonial for French retail investors, and digital services such as the Mon Compagnon Retraite retirement planning dashboard and a secure beneficiary portal for death claims processing.

The business operates a bancassurance model, distributing contracts primarily through Société Générale's retail banking network, private banking division, and external partnerships including Boursorama Banque and Banque Française Mutualiste. Revenue is generated through premium collection on insurance contracts, asset management fees on euro funds (3.31% served rate in 2024, 3.12% in 2025) and unit-linked accounts, and management fees on delegated portfolio services starting at €7,500 for advisory management via Alliage Gestion and €100,000 for discretionary management. The company employs approximately 3,000 professionals across France and 6 international markets, and is ranked as the 6th largest life insurer in France.

The capital structure is supported by successful issuance of regulatory capital instruments, including €800 million of Restricted Tier 1 notes in July 2025 and €600 million of Tier 2 subordinated notes in September 2024. The company received an S&P credit rating upgrade in November 2023 and reported record results in 2024, reflecting both financial strength and ongoing product and partnership expansion.

Name

Sogecap S.A.

Legal name

SOGESSUR – SA

Website

https://sogecap.com

Company type

Private

Operating status

Operating

Headcount range

251–500 employees

Short description

Sogecap S.A. is the life insurance entity of Société Générale Assurances, distributing savings, retirement, and personal protection products through Société Générale's retail banking network and external partnerships in France and 6 international markets.

Ownership category

akta.pro rank

Product category

Life Insurance and Savings

NAICS

Direct Life Insurance Carriers (524113), Direct Life, Health, and Medical Insurance Carriers (52411), Insurance Carriers (5241)

SIC

Life Insurance (6311)

akta.pro primary industry

Participating (Dividend) Whole Life Insurance (FSAIABAI)

akta.pro secondary industries

Retirement Income Planning & Decumulation Advisory (FSAEABAD), Basic Group Term Life (Employer-Paid) (FSAIADAA)

Keywords

• Life insurance savings
• Retirement savings products
• Personal protection insurance
• Bancassurance services
• Property and casualty insurance

Headquarters

HQ city

Paris La Défense

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Life Insurance Savings: Insurance vie products including euro funds and unit-linked accounts for savings and investment purposes
2. Retirement Savings: Pension products including PER (Plan d'Épargne Retraite) for individual and enterprise clients
3. Personal and Property Protection: Insurance coverage for individuals, professionals and enterprises including auto, home, health, accident and creditor insurance

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

Sogecap is the life insurance and savings entity of Société Générale Assurances, offering life insurance contracts (including the flagship Séquoia product), retirement savings plans (PER, PER Acacia, Matla, Patrimoine Retraite), and personal and property protection insurance (auto, home, health, accident, death, legal protection). The company distributes products primarily through the Société Générale retail banking network using a bancassurance model, with additional distribution via external partnerships and digital channels.

Product overview

Société Générale Assurances operates as a multi-entity insurance group consisting of Sogecap (life insurance), Sogessur (property and casualty), and Oradea Vie. The company offers a comprehensive portfolio centered on life insurance savings (including flagship product Séquoia), retirement savings (PER, PER Acacia, Matla, Patrimoine Retraite), and personal protection products (accident, home, auto, health, death, legal protection insurance). Digital services include Mon Compagnon Retraite (retirement planning dashboard), secure beneficiary portal, and delegated wealth management. Investment options span euro funds (guaranteed capital), unit-linked accounts (actions, bonds, structured products, real estate, private equity including PrimoPacte). The group serves individual, professional, and corporate clients through Société Générale networks and external partnerships.

Differentiator

Problem solved

Functional benefit

Brands

• Sogécap: Life insurance and savings entity of Société Générale Assurances, present in France and internationally.
• Sogessur
• Oradéa Vie
• Séquoia
• PER Acacia
• PrimoPacte
• Mon Compagnon Retraite
• Geoya
• Matla
• Patrimoine Retraite

Products and services

• Séquoia
• PER (Plan d'Épargne Retraite)
• PER Acacia Named retirement savings plan (PER) product offered by Société Générale Assurances for individual retirement preparation.
• Matla
• Patrimoine Retraite
• PrimoPacte
• Assurance Automobile Vehicle insurance covering cars and motorcycles, mandatory in France.
• Assurance Habitation Home insurance for owners, tenants, or landlords covering property damage and liability.
• Assurance Santé Health insurance providing complementary coverage for medical expenses and reimbursements.
• Assurance Décès Death insurance protecting beneficiaries from financial consequences in case of death or Total Permanent Disability.
• Prévoyance Provident insurance covering death, work stoppage, and job loss contingencies.
• Assurance Accidents de la Vie Personal accident insurance covering domestic and leisure accidents within private life.
• Protection Juridique Legal protection insurance helping policyholders assert their rights in everyday disputes.
• Assurance Scolaire School insurance covering children at school, during leisure activities, and transport.
• Assurance des Moyens de Paiement Payment methods insurance covering bank cards, cash, checks, official documents, and key loss.
• Gestion Déléguée (Alliage Gestion) Delegated management service allowing clients to entrust part or all of their savings to experts, starting from €7,500 with Alliage Gestion.
• Gestion Sous Mandat (Discretionary Management) Delegated management in units of account starting from €100,000, providing discretionary portfolio management.
• Euro Funds (Fonds en euros) Guaranteed capital investment funds mainly composed of government and corporate bonds, providing security with no capital loss net of fees.
• Unit-Linked Accounts (Unités de Compte) Investment vehicles whose value fluctuates based on financial and real estate market conditions, offering higher potential returns with risk of capital loss.
• Mon Compagnon Retraite
• Espace Bénéficiaire Sécurisé
• Diagnostic Épargne Personalized savings diagnostic service analyzing financial situation, defining investor profile, and elaborating personalized savings strategy with advisor support.

Quantifiable outcome

• Record results in 2024
• +2 more outcomes

Named customers4 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

AI capability1 record

Feature4 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Geoya (Industry Consortium)coreStrategic or Co-development Partner · 28 January 2026Five major insurance and risk management actors launched Geoya, an unprecedented market solution for climate risk prevention.
• Tikehau Capital, CNP Assurances, CARAC GroupcoreStrategic or Co-development Partner · 16 June 2024Alliance to launch a private equity fund serving European defense and security sectors.
• Banque Française MutualistecoreChannel Partner/ Reseller/ Distributor · 15 April 2024Launched new borrower insurance for real estate loans with Société Générale.
• KRYS GROUP, SPBminorStrategic or Co-development Partner · 29 November 2022Partnership to offer comprehensive, innovative and responsible optical insurance to improve customer experience.
• Tikehau CapitalcoreStrategic or Co-development Partner · 7 February 2022Société Générale Assurances and Tikehau Capital launched an innovative investment solution contributing to reduction of greenhouse gas emissions from companies. Extended partnership for SG Tikehau Dette Privée investment product available in life insurance contracts.
• Covéa Group (MAAF, MMA, GMF)minorStrategic or Co-development Partner · 21 January 2022Covéa and Société Générale Assurances joined The Blockchain Group's consortium to develop the Passport for Connected Car (PCC) solution.
• Primonial REIM FranceminorStrategic or Co-development Partner · 1 October 2021Joint acquisition of Window office complex at La Défense (92) from Oxford Properties.
• Moonshot InsurancecoreTechnology or Integration · 23 September 2021Assurtech partner providing innovative insurance solutions including preventive cyber harassment insurance, recognized with 6 awards at Trophées de l'Assurance 2021.
• Boursorama BanquecoreChannel Partner/ Reseller/ Distributor · 23 September 2021Launched Matla individual retirement savings plan (PER) through Oradéa Vie for Boursorama Banque clients.
• PrimonialcoreStrategic or Co-development Partner · 2 March 2021Launched PrimoPacte, the first private equity unit account of institutional quality in France, enabling retail investors to diversify portfolios by investing in growth SMEs through insurance contracts with liquidity at any time. PrimoPacte 2 launched in 2022.

Scale indicators8 records

Recent moves6 records

Expansion highlights8 records

Direct peers

• CNP Assurances: Leading French life insurance carrier and the dominant bancassurance life insurer (historically tied to La Banque Postale and Caisse d'Epargne networks). Direct competitor to Sogécap in life insurance savings, PER, and creditor insurance, with very similar product mix and bancassurance distribution model.
• Crédit Agricole Assurances: Insurance arm of the Crédit Agricole Group, distributing life and P&C products through Crédit Agricole's regional bank network. A direct bancassurance peer to Sogécap with comparable life savings, retirement, and protection offerings distributed through a captive banking channel.
• BNP Paribas Cardif: Insurance arm of BNP Paribas, distributing savings, protection, and creditor insurance products through BNP Paribas's retail banking network. A direct bancassurance peer to Sogécap in French life insurance and creditor insurance markets.
• Covéa: French mutual insurance group (MAAF, MMA, GMF) offering life and P&C products. Direct competitor to Sogécap's protection and life offerings in the French market, with a different mutual distribution model but comparable product breadth.
• Groupama: French mutual insurance group offering life savings, retirement, and P&C products to individual and professional customers. A direct competitor in the French life insurance market, distributed through a mutual/caisse network rather than a bank.
• Natixis Assurances (BPCE): Insurance entity of BPCE Group (Banque Populaire, Caisse d'Epargne). Direct bancassurance peer distributing life insurance, retirement, and protection products through its parent banking networks, with very similar product strategy to Sogécap.
• La Banque Postale Assurances: Insurance arm of La Banque Postale (CNP's historical partner), offering life insurance savings, retirement, and protection products. Operates a comparable bancassurance model tied to its postal/banking network and is a direct peer in French life savings distribution.

Broad incumbents

• Allianz France: French subsidiary of global insurer Allianz, providing life, health, and P&C products. A broader incumbent competitor with multi-channel distribution and a broad product portfolio overlapping Sogécap's life and protection lines.
• AXA France: French arm of global insurer AXA, offering life, health, and P&C products. Although a broader incumbent with multi-channel distribution (agents, brokers, bancassurance partnerships) rather than captive-bank-led, AXA is a major direct competitor in the French life insurance savings market where Sogécap competes.

Emerging players

• Primonial: French wealth management and insurance specialist, partner of Sogécap on PrimoPacte (first institutional-quality PE unit account in France). A meaningful emerging player in unit-linked life insurance wrappers, particularly in the private equity and real estate UC segment where Sogécap is expanding.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights8 records

Customer concentration

• Xx.com/SG_Assurances
• YouTubeyoutube.com/societegenerale
• LinkedInlinkedin.com/company/sogecap-s.a.

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 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 Sogecap S.A.