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MGEN
MGEN was founded in 1946 in Paris as a mutual organization providing social protection services. It focuses on health insurance for its members and maintains...
MGEN
MGEN was founded in 1946 in Paris as a mutual organization providing social protection services. It focuses on health insurance for its members and maintains founding membership in the Groupe VYV union of mutuals. The firm allocates across insurance operations, real estate, and venture capital. It owns 51 percent of UMR and 100 percent of Europamut. Confirmed positions include limited partner commitments to Daphni Blue and Elaia Delta Fund. Geographic exposure centers on France with additional activity in Portugal and other European markets. MGEN controls a portfolio exceeding 120,000 square meters of real estate, including the headquarters at Square Max-Hymans and the Le Valmy complex in Montreuil. It maintains three foundations focused on health research and education. In February 2026 the firm sponsored Touraine Tech in Tours. MGEN operates through a mutual structure with ownership stakes in operating subsidiaries and co-investments alongside other French mutuals such as Harmonie Mutuelle.
General information
Firm type
Insurance
Year founded
1946
AUM
5.5B (Altss estimate)
Location
Region
Europe
Country
France
City
Paris
Corporate office
3, square Max Hymans, 75748 Paris, France
Sector focus
Frequently asked questions
Who runs investment decisions at MGEN?
Investment decisions are executed through Egamo as long-term advisor alongside internal teams.
Does MGEN participate in fund commitments or only direct deals?
MGEN acts as limited partner in venture funds including Daphni Blue and Elaia Delta Fund while holding direct ownership in UMR and Europamut.
What asset classes does MGEN deploy into?
MGEN deploys into insurance operations, commercial real estate, and early-stage venture capital across France and Europe.
How is MGEN related to Groupe VYV?
MGEN is a founding member and core pillar of the VYV union of mutuals.
Does MGEN maintain philanthropic structures?
MGEN maintains Fondation MGEN pour la santé publique and ADOSEN Prévention Santé MGEN for health research and education.
What is MGEN's known posture on co-investments?
MGEN co-invests with partners such as Harmonie Mutuelle in VYV-led subsidiaries.
Where does MGEN source its capital?
MGEN generates capital from mutual health insurance premiums and bond issuance on Euronext Paris.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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