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Aéma Groupe
Aéma Groupe was established in 2021 as a mutual insurance group headquartered in Paris. Adrien Couret serves as CEO and Pascal Michard as chairman.
Aéma Groupe
Aéma Groupe was established in 2021 as a mutual insurance group headquartered in Paris. Adrien Couret serves as CEO and Pascal Michard as chairman. The structure combines three main operating insurers: Macif, Aésio Mutuelle, and Abeille Assurances. The group allocates across insurance liabilities and investment portfolios that include commercial real estate, listed equities, and private equity. Confirmed real estate assets comprise office buildings in Issy-les-Moulineaux, Saint-Ouen, Courbevoie, and Paris managed through Ofi Invest Real Estate. Public equity holdings reported in Q3 2025 filings include positions in NVIDIA, Microsoft, Apple, and Alphabet. Geographic exposure centers on France with additional real estate in Germany, the Netherlands, and Denmark. The firm also maintains a 35.25 percent interest in Socram Banque and a joint venture in IMA. Aéma Groupe reports 195200 million USD in assets. It operates additional vehicles including Fondation Aésio, established in 2021 for mental health initiatives, and Fondation Macif, founded in 1988 with annual giving of 3.6 million USD focused on ecological transition. In July 2024 the group participated as a speaker at Les Rencontres Économiques d'Aix-en-Provence. It maintains memberships in AMICE, the French Insurance Federation, the Net Zero Asset Owner Alliance, and the Finance for Biodiversity Pledge. Ownership rests with mutual members rather than external shareholders. The group directly controls 100 percent of Macif, Aésio Mutuelle, Abeille Assurances, and Ofi Invest, creating an integrated insurance and asset management platform without external limited partners.
General information
Firm type
Insurance
Year founded
2021
Location
Region
Europe
Country
France
City
Paris
Corporate office
Paris, France
Principals
Adrien Couret
CEO
Pascal Michard
Chairman
Sector focus
Frequently asked questions
How did Aéma Groupe acquire Aviva France, and how is it structured post-acquisition?
In 2021, Aéma Groupe paid €3.2 billion to acquire Aviva France, which was subsequently rebranded as Abeille Assurances. Abeille operates alongside the founding mutuals Macif and Aésio under the Aéma umbrella, each retaining distinct brands and distribution networks, while the central SGAM coordinates capital strategy and investment management.
Who runs investment decisions at Aéma Groupe?
CEO Adrien Couret oversees group strategy, but day-to-day asset management is delegated to Ofi Invest, Aéma's dedicated asset management arm. The group's multi-brand structure means investment policy is set centrally for general account assets, with unit-linked mandates managed according to each brand's product specifications.
Is Aéma Groupe structured as a traditional insurance company or something different?
Aéma is a société de groupe d'assurance mutuelle, a French legal form that federates multiple mutual insurers under a single holding entity. Unlike listed insurers, Aéma has no external shareholders — policyholders own the mutuals, and the group's governance emphasizes long-term protection over short-term profitability.
What asset classes does Aéma Groupe invest in?
Through Ofi Invest, Aéma allocates across fixed income, listed equities, real estate, and private markets, with a real estate portfolio including commercial properties in Paris and its suburbs. The group has publicly committed to responsible investment policies through memberships in the Net Zero Asset Owner Alliance and the Finance for Biodiversity Pledge.
How are Aéma Groupe's philanthropic activities separated from its insurance operations?
Aéma maintains two separate foundations — Fondation Aésio and Fondation Macif — that focus on health access, social inclusion, and community solidarity. These foundations operate independently from the insurance balance sheet and are funded through dedicated allocations, not policyholder premiums.
What is Aéma Groupe's known posture on ESG and responsible investment?
Aéma deploys an SRI policy across its portfolio and has formalized commitments through the Net Zero Asset Owner Alliance for decarbonization and the Finance for Biodiversity Pledge. The group's Observatoire de la Protection also conducts annual public-opinion research on French attitudes toward social equity and protection gaps.
What is Ofi Invest, and how does it relate to Aéma Groupe?
Ofi Invest is Aéma Groupe's dedicated asset management subsidiary, handling investment strategy and execution for the group's insurance general accounts and unit-linked products. It manages listed and unlisted assets across multiple brands, including a European real estate portfolio.
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