Our financial strength
Discover how we ensure our financial solidity and build a sustainable budget model for generations to come.
Our mission, our vision
Alan Group is the health partner that focuses on prevention, provides insurance, and supports its members every day to help them live longer, healthier lives. Members get an all-in-one solution that supports their physical and mental health and simplifies everyday life.
In 2016, we became the first company in 30 years to receive authorization from the French Prudential Supervision and Resolution Authority (ACPR) to operate as an insurer. Since then, we have continuously expanded our products and services: our vision is to be the all-in-one health partner for both body and mind.
Where we come from
Health insurance and healthcare are highly regulated industries. As a result, innovation is difficult and rarely encouraged among traditional players. The market is also very concentrated, particularly in France, where the top 10 companies control ⅔ of the market. The remaining players focus on niche segments.
For these reasons, transforming health insurance products and services, and improving the customer experience in the digital era, requires significant upfront investment.
Since our creation, we have raised more than €480M from leading investors such as Index Ventures, Temasek, Coatue, and Ontario Teachers’ Pension Plan. They helped us lay Alan’s foundations: our technology, our teams, and our presence in France 🇫🇷, Spain 🇪🇸, Belgium 🇧🇪 and Canada 🇨🇦.
Where we stand
With a very cautious approach to investments and capital management, we have redefined an industry while maintaining a rock-solid balance sheet. Our management is built on 2 key pillars.
Our position on regulatory capital
The amount required by the regulator for Alan to operate as an insurance group is around €105M. Today, we hold over €374M in regulatory capital, more than 3.6 times the required level.
This is well above the French market average (currently 241%).
A prudent allocation of resources
In addition to maintaining regulatory capital far above industry norms, we keep the majority of our funds in liquid deposit accounts.
This approach enables us to achieve a balanced return on investments while staying conservative. The strength of our balance sheet and the prudent allocation of our resources ensure that we remain shielded from market volatility.
Where we are headed
While continuing to invest in product innovation, growth, and the well-being of our teams, we have reached maturity with strong operating leverage.
Achieving operating profitability in France confirms that our core‑market operations are structurally profitable and that this performance will keep improving sustainably over the next few years.
We also invest to accelerate our technology lead in prevention and member support. Automating processes to better control medical spending and fight fraud improves the profitability of our insurance operations and lowers claims, benefiting our members.
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