High-performance financial management over the long term
Our financial policy is one of the main levers enabling Covéa to develop a unique and sustainable model, combining solidarity and responsibility, performance and responsiveness.
These are our Investment Department, our Finance Department and our Strategy, Customer, Transformation Department that implement this policy within the Group, protecting and enhancing the value of its assets and ensuring its investments are consistent with our strategy.
Accordingly, their scope extends to all areas of expertise that enable us to realise our goal of long-term performance, guided by a targeted risk appetite:
- Strategic management coordination,
- Investment policy,
- Economic steering of Covéa and its brands,
- Cash management for all Group companies,
- Risk control.
Our solvency margin comfortably exceeds Solvency 2 requirements and is subject to ongoing monitoring.
The extreme scenarios that we have simulated as part of our internal risk and solvency assessment process (ORSA, per Solvency 2 terminology) show that our solvency margin remains adequate at all times, and is capable of absorbing even violent shocks.
Key figures at 31 December 2016
0billion eurosof capital (Group share)
0billion eurosfinancial investments at market value
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