Annual report
2025
Group’s activities
32.9
billion in assets under contract
billion in assets under contract
421,974
clients
clients
1,713
employees and agents
employees and agents
Non-life insurance
Life insurance
Asset management
Revenue
€ million, earned premiums
Insurance in Luxembourg
953.9
879.8 in 2024
879.8 in 2024
Life insurance under the freedom to provide services regime
2,815.8
2,402.3 in 2024
2,402.3 in 2024
Insurance in Belgium
43.8
39.9 in 2024
39.9 in 2024
Health insurance for expatriates
125.9
171.2 in 2024
171.2 in 2024
Profit and loss account
€ millions
Profit and loss account
(Group share)
Earned premiums net of reinsurance
Operating profit
Earned premiums net of reinsurance
Operating profit
Total balance sheet
26,273.9
€ million
23,419.9 in 2024
Equity capital
*Part du Groupe, hors actions propres
1,544.0
€ million
1,316.2 in 2024
coverage rate of the solvency II requirements
> 200%
Assets under contract
€ billion
Insurance
Life insurance under the freedom to provide services regime and in unit-linked contracts on the local market
20.9
18.5 in 2024
Asset management
12.0
11.2 in 2024
Financial statements 2025 In a few key dates
1922
Incorporation of Le Foyer
Compagnie Luxembourgeoise d’Assurances S.A.
1945
-
1975
The “Glorious Thirty”:
Le Foyer participates in Luxembourg’s post-war economic boom.
1990
-
1999
With the opening of the European markets, Foyer diversifies and becomes an international financial Group.
Foyer Finance, Luxempart, Le Foyer S.A., Le Foyer Assurances, Le Foyer Vie, Foyer International, Foyer Patrimonium and Le Foyer Santé are created.
2000
Le Foyer S.A. launches an IPO on the Luxembourg and Brussels stock exchanges.
2005
New company name:
Le Foyer S.A. becomes Foyer S.A. – Company names harmonised to become Foyer Assurances/Vie/Santé.
2009
Foyer S.A. acquires CapitalatWork
which merges with Foyer Patrimonium to become CapitalatWork Foyer Group.
2014
Foyer launches a share buyback offer
and withdraws its listing from the Luxembourg and Brussels stock exchanges to become a non-listed company.
2014
Launch of the international health insurance business.
2017
Foyer S.A. acquires IWI International Wealth Insurer S.A.
which merges with Foyer International to become WEALINS S.A
2022
Foyer Group celebrates its centenary.
2023
Foyer S.A. acquires Globality S.A.
and strengthens its international health insurance business, Global Health.The message from the Chairman
Marc Lauer
Chairman
The transition we have just experienced represents a real asset for Foyer’s future.
A Message from the Managing Director
Marie-Hélène Massard
Managing Director
The 2025 results are the outcome of a collective effort and shared momentum.
The board of directors
Valentine Karsenty
Non‑Executive Director
Clément Villaume
Secretary to the Board of Directors
Chief Legal and Compliance Officer
Chief Legal and Compliance Officer
Lionel de Hemptinne
Non‑Executive Director
Marc Lauer
Chairman of the Board of Directors
Non-Executive Director
Non-Executive Director
Marie-Hélène Massard
Managing Director
Executive Director
Executive Director
John Penning
Vice-Chairman of the Board of Directors
Non-Executive Director
Non-Executive Director
Carine Feipel
Non-Executive and independent Director
Habib Guergachi
Non-Executive and independent Director
Hugo Lasat
Non-Executive and independent Director
Benoît Tesch
Non‑Executive Director
Alain Kinsch
Non-Executive and independent Director
Antonio Cano
Non-Executive and independent Director
Valentine Karsenty
Non‑Executive Director
Clément Villaume
Secretary to the Board of Directors
Chief Legal and Compliance Officer
Chief Legal and Compliance Officer
Lionel de Hemptinne
Non‑Executive Director
Marc Lauer
Chairman of the Board of Directors
Non-Executive Director
Non-Executive Director
Marie-Hélène Massard
Managing Director
Executive Director
Executive Director
John Penning
Vice-Chairman of the Board of Directors
Non-Executive Director
Non-Executive Director
Carine Feipel
Non-Executive and independent Director
Habib Guergachi
Non-Executive and independent Director
Hugo Lasat
Non-Executive and independent Director
Benoît Tesch
Non‑Executive Director
Alain Kinsch
Non-Executive and independent Director
Antonio Cano
Non-Executive and independent Director
The executive committee
Composition at 31 December 2025
Remy Els
Chief Information Officer
Laurent Petitcolas
Chief Operating Officer – Local Market
Florence Martin
Human Resources and Cross - Company Services Director
Luc Rasschaert
Chief Executive Officer of WEALINS S.A.
Franck Marchand
Sales and Marketing Director - Local Market
Jim Rasqué
Chief Financial Officer
Marie-Hélène Massard
Chief Executive Officer of Foyer S.A. - Managing Director
Clément Villaume
Chief Legal and Compliance Officer
Laurent Demeulder
Chief Risk Officer
Anouk Schouppe
Chief Executive Officer of CapitalatWork S.A. (Belgium)
Renaud Durand
Chief Investment Officer
Jean Ceppetelli
Chief Executive Officer of CapitalatWork Foyer Group S.A. (Luxembourg)
Delphine Icart
Chief Executive Officer of Foyer Global Health S.A.
Remy Els
Chief Information Officer
Laurent Petitcolas
Chief Operating Officer – Local Market
Florence Martin
Human Resources and Cross - Company Services Director
Luc Rasschaert
Chief Executive Officer of WEALINS S.A.
Franck Marchand
Sales and Marketing Director - Local Market
Jim Rasqué
Chief Financial Officer
Marie-Hélène Massard
Chief Executive Officer of Foyer S.A. - Managing Director
Clément Villaume
Chief Legal and Compliance Officer
Laurent Demeulder
Chief Risk Officer
Anouk Schouppe
Chief Executive Officer of CapitalatWork S.A. (Belgium)
Renaud Durand
Chief Investment Officer
Jean Ceppetelli
Chief Executive Officer of CapitalatWork Foyer Group S.A. (Luxembourg)
Delphine Icart
Chief Executive Officer of Foyer Global Health S.A.
Insurance in Luxembourg
A long-standing leader in the local insurance market, Foyer has always served a client base of families and businesses, offering bespoke and high-return insurance solutions to help them plan with peace of mind for their own future, or that of their loved ones or their business.
> 166,000
insured households in Luxembourg.
93.5%
of MyFoyer users are satisfied with the app.
93%
of clients are satisfied with the management of their claim.
Foyer’s comprehensive and flexible product range meets its customers’ needs for auto insurance, home insurance, health coverage, and life insurance solutions for savings and retirement planning. Foyer is also developing a product offering that increasingly incorporates sustainable solutions, in line with its customers’ expectations and environmental challenges.
Insurance in Belgium
Foyer Assurances, which has been operating on the Belgian market for 25 years, offers a comprehensive and innovative range of non-life insurance solutions, meeting the specific needs of a targeted clientele of private individuals and professionals in terms of mobility and home protection, through a network of broker partners.
Its vision of insurance is based on two pillars: innovation and proximity, which guide everything it does and are reflected in the range of products and services.
Its vision of insurance is based on two pillars: innovation and proximity, which guide everything it does and are reflected in the range of products and services.
+ 11.9%
revenue
> 95%
of SLAs (claims processing times) met in respect of underwriting and claims.
Foyer’s advantages
Proximity with its network of broker partners, which translates into attentiveness, availability and an increased understanding of needs.
An innovative offer, developed in co-creation with the brokers.
A team on a human scale, at the heart of our commitment to be close to our brokers, in order to provide a personalised and efficient service.
An innovative offer, developed in co-creation with the brokers.
A team on a human scale, at the heart of our commitment to be close to our brokers, in order to provide a personalised and efficient service.
On the Belgian market, Foyer’s mission is to offer a targeted clientele of individuals and professionals a comprehensive and innovative range of solutions to support them in their mobility and meet their home protection needs. Foyer distributes its products via a network of broker partners, in both Wallonia and Flanders, selected for their professionalism and local service.
Health insurance for expatriates
Global Health supports individuals living and working abroad, as well as companies deploying employees internationally.
A specialist in international health insurance, Global Health designs solutions tailored to the realities of global mobility, offering comprehensive coverage, continuity of care, multilingual assistance and an international network of partners.
Backed by the strength of the Foyer Group, Global Health relies on a recognised European foundation and strong adaptability to provide protection and peace of mind to its policyholders worldwide.
A specialist in international health insurance, Global Health designs solutions tailored to the realities of global mobility, offering comprehensive coverage, continuity of care, multilingual assistance and an international network of partners.
Backed by the strength of the Foyer Group, Global Health relies on a recognised European foundation and strong adaptability to provide protection and peace of mind to its policyholders worldwide.
Global Health is the international health insurance business line of Foyer Group, positioned within the International Private Medical Insurance (IPMI) segment.
Active in
> 100 countries
Solid partnerships
across Europe
€129 million
in earned premiums
111
employees
Life insurance under the freedom to Provide Services Regime
For over 30 years, WEALINS has been supporting its partners and their clients in their expectations related to the wealth structuring, management and transfer. The company specialises in developing innovative life insurance and capitalisation solutions in 10 European markets and also develops personalised solutions outside the European Economic Area.
€ 2.8 billion
collected premiums in 2024
€ 20.2 billion
in assets under management
> 90%
of new business is entirely digital
154
expert staff from 13 different nationalities
Accelerating the future: performance, responsible innovation, and an international vision
Wealth management
For more than 35 years, CapitalatWork has been building relationships with its clients based on attentive listening, transparency and long‑term vision.
Each investment strategy is developed according to their needs, projects and wealth objectives.
This commitment to mutual understanding is the foundation of lasting trust, across generations and market cycles.
Each investment strategy is developed according to their needs, projects and wealth objectives.
This commitment to mutual understanding is the foundation of lasting trust, across generations and market cycles.
6,200
private clients trust CapitalatWork to manage their assets
€ 12 billion
in capital under management mandates, of which nearly €7 billion for private clients
9 offices
in three countries (Benelux)
183
employees
CapitalatWork Foyer Group invests and manages the assets entrusted to it by private and institutional clients.
Corporate social responsibility
Foyer Group has chosen to place sustainability at the heart of its strategy in order to meet environmental, social and good governance challenges. It aims to contribute to a more sustainable society through its Corporate Social Responsibility (CSR) actions. The Group’s stated ambition is: “To act and innovate alongside our customers, partners and stakeholders to contribute to a better world”
Every day, Foyer strives to demonstrate its commitment, as it has done throughout its 100-year history.
Supporting communities
23 associations supported with €120,000 in financial contributions
Digital accessibility
15 people trained in accessibility
80% average compliance score across our websites
80% average compliance score across our websites
Sustainable car repair
First insurer in Luxembourg to offer repairs with the use of used parts.
Achievements 2025
January
Foyer adopts a new positioning in Belgium, expressed through its brand signature:
« L’assurance pensée pour vous »« De doordachte verzekering voor u».
March
WEALINS wins the Innovation Award and the Investor Experience Award
at the Luxembourg Wealth Management Awards by HubFinance.
April
Marc Lauer hands over the reins to Marie-Hélène Massard
who becomes CEO of Foyer Group, whilst he is appointed Chairman of the Board.
May
A first in Luxembourg:
Foyer partners with GPA and introduces used parts in car repairs for more sustainable mobility.
May
Launch of moov:
an innovative motor insurance designed for new mobility habits and to appeal to a young, mobile audience.
June
CapitalatWork celebrates its 35th anniversary
and reaches a new milestone with the implementation of a new management structure.
November
Internal unveiling of the new Global Health brand identity,
the first stage of its rebranding.
December
