Monceau Assurances is going against the tide. In 2022, its life entity, Capmi & Capma announced to serve a performance of 1.75% on its funds in euros. A rate of return well below the market average, as well as performances served in 2021 by the insurer, which were between 1.80% and 2.15%. “Our strategy is a long-term one. In the current context, the key words are safety and caution,” argues Jérôme Sennelier, CEO of Capma-Capmi.
Committed to its principles, Monceau Assurances did not dig into its freshly constituted reserves in 2021 to boost its 2022 rate. The mutualist had, until 2018, wanted to redistribute almost all of its capital gains realized, but the Solvency II pressure had pushed it to build up a pocket of reserves in 2021. Its provisions now stand at around 5% of overall outstandings, a level identical to 2021.