S&P and Fitch Confirm A+ Rating for Malakoff Humanis
Malakoff Humanis, a provident institution, has had its A+ credit rating reaffirmed by Standard and Poor's Global Ratings and Fitch Ratings for the fourth consecutive year, with a stable outlook, according to the group.
Consistent A+ Rating with Stable Outlook
Both rating agencies have maintained the unchanged A+ rating with a stable outlook, initially assigned in 2022, the statement indicates. This assessment highlights the financial strength of the group, described as 'extremely strong' by Fitch Ratings. S&P Global Ratings, on the other hand, assigns an 'excellent' rating to the institution's available capital, which corresponds to the highest possible score according to the agency. This rating demonstrates the group's ability to comfortably absorb the most severe stress scenarios, Malakoff Humanis specifies.
Operational Performance and Investment Strategy
Operationally, Malakoff Humanis recorded a combined ratio of 100.1% at the end of 2024, according to the information provided. This level, close to balance, reflects, according to the company, responsible management aligned with its non-profit mutual and paritarian model, whose main goal is to optimize redistribution for the benefit of the insured. Furthermore, the group indicates that it has redirected its investment policy towards more secure assets, particularly government bonds, while strengthening asset-liability management in order to reduce the duration gap.
Strategic Developments in the Savings Sector
Malakoff Humanis's strategy continues in the savings sector, with the affiliation of La France Mutualiste in 2024 and the acquisition of 85% of the capital of UNOFI in 2025, according to the statement. These operations aim to consolidate the group's position in this market. On the extra-financial front, the institution received the EcoVadis gold medal in 2025 with a score of 81 out of 100, an increase of 11 points compared to 2023, placing it in the top 2% of globally best-rated companies in terms of corporate social responsibility, the company specifies. Additionally, the group was elected Brand of the Year 2026 in the Health Insurance category.
