Overview
CIC Group is a East African insurance and financial services group. It provides general insurance, life insurance, health coverage, asset management, and related financial products through operating companies. The group serves individuals, families, businesses, cooperatives, and institutions across its regional markets. Its model combines underwriting and actuarial work with claims, clinical review, investments, distribution, customer service, technology, finance, risk, and compliance. Work spans actuarial, underwriting, claims, nursing review, investments, software, client service, sales, and operations.
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About CIC Group
Industries
Company Size
1-10
Company Stage
N/A
Total Funding
N/A
Headquarters
Betim, Brazil
Founded
2002
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Simplify's Take
What believers are saying
- July 30, 2026 results showed €3.6 billion revenue and €945 million net income.
- Loans reached €264.6 billion and deposits €230.4 billion at June 30, 2026.
- Equity reached €23.0 billion, giving CIC room for lending and product expansion.
What critics are saying
- Cost of risk jumped 37% to €292 million in H1 2026, pressuring profits.
- Corporate and institutional banking revenue fell 1.6%, exposing dependence on retail banking.
- Customer loans exceeded deposits by €34.2 billion, increasing wholesale funding dependence.
What makes CIC Group unique
- CIC serves 5.8 million customers across 1,500 French branches and 36 countries.
- July 2026 retail banking revenue rose 11.5%, proving network scale still monetizes.
- CIC combines retail banking, institutional banking, insurance, and remote surveillance on one platform.
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Company News
Omer-Decugis & Cie, a French international group specialising in fresh and exotic fruits and vegetables, has secured its first syndicated loan of €60.4 million, with an additional €30 million available subject to conditions. The financing includes a €40.4 million term loan and a €20 million revolving credit facility. The transaction was arranged by a pool of seven banks, with CIC Group and BNP Paribas as coordinators and joint mandated lead arrangers. The loan will support investments across the company's value chain and fund both organic and external growth. Omer-Decugis & Cie aims to double its revenue by 2030. The group, founded in 1850, posted revenue of €284.8 million for the year ending September 2025.
Innomed secures €5.5 million debt financing for catheter development
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About CIC Group
Industries
Company Size
1-10
Company Stage
N/A
Total Funding
N/A
Headquarters
Betim, Brazil
Founded
2002
CIC Group is Hiring for 8 Jobs on Simplify!
Find jobs on Simplify and start your career today