Malakoff Humanis announces that it has completed its acquisition of a majority stake in the Magnolia Group, a leading player in borrower insurance. The Magnolia Group offers individuals simplified access to tailor-made insurance products through optimised digital channels.

This acquisition is in line with the Malakoff Humanis Group's diversification strategy, alongside its traditional markets in group health and personal protection. It is part of the Group's strategic ambition to become a key player in the borrower insurance market and to expand its distribution network.

The impact of this acquisition on the Group's solvency as at 31 December 2024 is estimated at around 8 points, enabling the Group to maintain a pro forma ratio of close to 250%, among the highest in the market.

About Malakoff Humanis

A key player in non-profit joint and mutualist social protection, Malakoff Humanis supports companies and individuals in health, personal protection, savings and supplementary retirement.

With €10.5 billion in equity, nearly 400,000 corporate customers and more than 9 million people protected, Malakoff Humanis covers 15% of the group health and personal protection insurance market. In savings, the Group generated revenue of €880 million in 2024.

As an Agirc-Arrco supplementary pension institution, Malakoff Humanis manages contributions from more than 7 million workers and pays €44.4 billion in allowances to 6.3 million pensioners.

At the social and societal level, the Group supports its vulnerable customers and is committed to Disability - through its Malakoff Humanis Handicap foundation -, Cancer, Healthy Aging and Caregivers. More than €200 million is allocated each year to these actions. www.malakoffhumanis.com

Investor contacts:

Philippe Borde: +33 6 33 11 07 42

Pierre Boucaux: +33 7 60 87 73 64

investor.relations@malakoffhumanis.com