Malakoff Humanis Completes Majority Stake in Magnolia

Malakoff Humanis has completed its acquisition of a majority stake in the Magnolia Group, a borrower insurance player. Magnolia provides individuals simplified access to tailor-made insurance products through optimized digital channels.

The acquisition aligns with Malakoff Humanis Group’s diversification strategy beyond its traditional group health and personal protection markets. The company said the impact on its solvency as of December 31, 2024 is estimated at around 8 points, supporting a pro forma solvency ratio close to 250%.

Malakoff Humanis positions the deal to strengthen its role in the borrower insurance market and expand its distribution network.