COVEA INSURANCE PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-15 (in 1mo)
Last made up 2025-06-01
Watchouts
Cash
—
Latest balance sheet
Net assets
£218M
+17.8% vs 2023
Employees
0
Average over period
Profit before tax
£24M
+123% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 2 times since incorporation
- COVEA INSURANCE PLC 2012-10-01 → present
- MMA INSURANCE PLC 2000-04-27 → 2012-10-01
- NORMAN INSURANCE COMPANY LIMITED 1958-10-20 → 2000-04-27
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gross written premiums | £711,331,000 | £641,532,000 | |
| Net earned premiums | £139,933,000 | £273,657,000 | |
| Claims incurred | £66,524,000 | £136,817,000 | |
| Investment return | £44,326,000 | £30,156,000 | |
| Profit before tax | -£105,424,000 | £24,235,000 | |
| Net profit | -£87,287,000 | £32,901,000 | |
| Insurance contract liabilities | £1,359,147,000 | £1,261,527,000 | |
| Total assets | £1,991,024,000 | £1,958,203,000 | |
| Total liabilities | £1,806,311,000 | £1,740,589,000 | |
| Equity | £184,713,000 | £217,614,000 | |
| Average employees | 0 | 0 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 90.7% | 88.9% |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors believe that the Company is well placed to manage the risks facing it. Emerging risks together with associated sensitivity analysis are considered by the Risk Committee and in the Company's ORSA. After making enquiries, the Directors are satisfied that the Company has adequate cash and capital resources to continue as a going concern for a period of at least 12 months from the date of approval of the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the Annual Report and Financial Statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
11 active · 63 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LAWRY, Rebecca | Secretary | 2023-12-05 | — | — |
| BUCCHINI, Francois | Director | 2023-05-05 | Jan 1960 | French |
| DOMART, Philippe | Director | 2026-03-31 | Nov 1970 | French |
| EDDIS, Jonathan Lancelot | Director | 2023-11-06 | May 1960 | British |
| HERDMAN, Jeffrey Niven | Director | 2023-10-03 | Jan 1953 | British |
| MACEDO, Georges De | Director | 2023-05-09 | Oct 1981 | French |
| MCKINLAY, Heather Roberta | Director | 2026-03-23 | Jul 1971 | Canadian,British |
| MOAT, Christopher | Director | 2021-03-17 | Mar 1968 | British |
| SALELLES, Pascal Philippe | Director | 2026-01-08 | Jul 1969 | French |
| SEKHRI, Louride | Director | 2026-04-01 | Dec 1986 | French |
| SOUANCE, Emeric De | Director | 2024-01-02 | Mar 1980 | French |
Show 63 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ROBINSON, Sarah | Secretary | 2023-08-01 | 2023-12-08 |
| WHITTAKER, Steven | Secretary | — | 2012-12-13 |
| WILSON, Annabel Felicity | Secretary | 2012-12-13 | 2023-07-28 |
| ALLEN, John Peter Clarkson | Director | 2023-01-31 | 2023-10-16 |
| ARMAGNAT, Louis | Director | — | 1993-04-16 |
| BARRE, Claude Gerard | Director | — | 1994-03-17 |
| BARRE, Jean-Yves | Director | 1994-04-29 | 2001-05-04 |
| BARRERE, Bernard | Director | 2011-12-13 | 2012-02-08 |
| BATABYAL, Colin | Director | 2010-10-06 | 2014-05-13 |
| BLUNDELL, John Giles | Director | 2016-01-20 | 2016-04-30 |
| BROCHU, Paul Henri | Director | — | 1991-12-02 |
| BROOKE, Nicolas | Director | 2024-01-02 | 2025-09-15 |
| CAPLAN, Nicholas Michael | Director | 2017-06-01 | 2023-01-31 |
| CLARKE, Stephen Andrew | Director | 2015-06-30 | 2023-10-31 |
| COOTER, Simon Joseph | Director | 2016-10-01 | 2019-05-01 |
| CORNIC, Rene Joseph | Director | — | 1991-12-02 |
| COSTE, Sebastien Naric Naurice | Director | 2003-01-16 | 2005-05-25 |
| DALE, Jane Elizabeth | Director | 2017-02-22 | 2026-03-31 |
| DOSWELL, Graham Vincent | Director | 2007-06-19 | 2016-10-14 |
| DUBOIS, Jean Bernard Marie | Director | 2004-01-28 | 2007-04-10 |
| DUPONT, Jacques Marie Joseph | Director | 1993-04-16 | 1998-05-15 |
| EVANS, Carol | Director | 2017-04-18 | 2020-05-19 |
| FEARN, Garry Michael | Director | 1996-11-22 | 2013-09-15 |
| FERRARI, Claire | Director | 2024-01-02 | 2026-03-31 |
| FLEURY, Jean Eugene Alfred | Director | 2007-04-10 | 2013-06-25 |
| FORGET, Patrice Pierre Jacques | Director | 2013-07-01 | 2017-12-31 |
| FRANCQ, Thierry | Director | 2021-06-10 | 2023-12-31 |
| FURNESS, Adrian Charles | Director | 2012-10-01 | 2023-06-15 |
| GALBRUN, Jean-Paul | Director | 1991-12-02 | 1996-09-13 |
| GEAREY, James Tobin | Director | 2020-11-04 | 2022-08-31 |
| GUERINON, Bertrand Roland | Director | 2010-03-22 | 2011-10-05 |
| HEATLEY, Ian Harry | Director | — | 1999-12-31 |
| HULBERT, Barry Malcolm | Director | 1997-10-11 | 2015-07-13 |
| JARRY, Oliver | Director | 2001-05-04 | 2005-05-25 |
| JOSSE, François Xavier Michel | Director | 2019-05-01 | 2022-12-20 |
| KENYON, Henry James | Director | 2010-10-06 | 2017-03-31 |
| KNELLER, Simon Clive | Director | 2012-10-01 | 2017-04-18 |
| LAPIERRE, Michel | Director | 2003-09-25 | 2005-07-21 |
| LEFEBVRE, Bertrand | Director | 2003-09-25 | 2019-05-01 |
| LEIGHTON, Maria Louise | Director | 2020-03-24 | 2022-07-31 |
| MCKINNES, Leslie John | Director | 1992-07-01 | 1998-04-24 |
| MEMIN, Claude Pierre-Marie | Director | 1991-11-01 | 2002-10-31 |
| MERCIER, Bruno | Director | 2003-09-25 | 2009-03-16 |
| MICHEL, Pierre Albert Jean | Director | 2018-02-20 | 2021-06-10 |
| MONGIS, Gilles | Director | 2004-12-10 | 2005-05-25 |
| MONGIS, Gilles | Director | 2004-12-10 | 2011-12-13 |
| MOREAU, Nicolas | Director | 2023-06-15 | 2026-03-31 |
| MURPHY, Karl Peter | Director | 2017-05-22 | 2021-03-15 |
| NELSON, Thomas Scott | Director | 2000-04-28 | 2009-03-31 |
| NIXON, George Frederick | Director | 2003-03-21 | 2011-03-22 |
| NORMAND, Gilles | Director | 2014-06-04 | 2014-10-17 |
| PENOLLAR, Edgardo Paunlagui | Director | 2015-09-01 | 2019-06-30 |
| PERROUD, Jean Marie Etienne | Director | — | 1993-04-01 |
| PESCHEUX, Jean Michel | Director | 2003-09-25 | 2010-03-22 |
| PLUMMER, Derek William | Director | 2004-01-28 | 2012-07-06 |
| READER, James William | Director | 2012-09-16 | 2021-10-11 |
| ROUX, Michel | Director | 2002-07-11 | 2014-01-14 |
| SALVY, Dominique | Director | 2005-03-18 | 2022-12-08 |
| SALVY, Dominique | Director | 2005-03-18 | 2005-05-25 |
| SKRZYNSKI, Charles Werner | Director | — | 2002-12-31 |
| WALKER, Kenneth John | Director | 1992-07-01 | 1999-04-23 |
| WHITTAKER, Steven | Director | 1996-11-22 | 2015-09-01 |
| WOOLTERTON, Peter William | Director | 1992-04-01 | 2003-11-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mma Holdings Uk Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 276 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-08-20 MA Memorandum articles
- 2025-08-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-21 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-16 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-23 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-20 | MA | incorporation | Memorandum articles | |
| 2025-08-20 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-05 | CH01 | officers | Change person director company with change date | |
| 2025-06-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-15 | AA | accounts | Accounts with accounts type full | |
| 2024-07-01 | AA | accounts | Accounts with accounts type full | |
| 2024-06-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-03 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 0
- Officers appointed
- 4
- Officers resigned
- 4
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Gross written premiums
-9.8%
£711,331,000 £641,532,000
-
Net earned premiums
+95.6%
£139,933,000 £273,657,000
-
Profit before tax
+123%
-£105,424,000 £24,235,000
-
Equity
+17.8%
£184,713,000 £217,614,000
-
Claims incurred
+105.7%
£66,524,000 £136,817,000
-
Insurance contract liabilities
-7.2%
£1,359,147,000 £1,261,527,000
-
Investment return
-32%
£44,326,000 £30,156,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers