2016 Annual Results – Net income of €322 million

17 March 2017


  • Premium income stable at €13.6 billion

– Targeted development, particularly with very strong development of the unit-linked individual savings / pensions business

– Strong growth in group health insurance, driven by the new regulation in compulsory group health insurance, “ANI”, a market sector in which Groupama is France’s number one player


  • Net income of €322 million

– Economic operating profit of €153 million

– Technical and operating performance impacted by a difficult environment due to the persistence of low interest rates and the higher rate of claims due to weather and severe claims

– A non-life combined ratio of 100.3%

– Active transformation of the life insurance portfolio with a share of unit-linked in individual savings reserves of 23.5%


  • A Solvency II ratio of 289%

– Shareholders’ equity rose by +6.5% to €8.8 billion

– A total of €190 million in mutual certificates

Jean-Yves DAGES

The strength of Groupama's mutual insurance model, the Group's presence regionally, and the unrelenting hard work of its elected representatives and employees have enabled the company to help its customers and members to deal with a year that was an unprecedented disaster from a climate standpoint, whether they were affected by floods in the spring, damage to goods or materials, or the series of bad weather that hurt crops. Our members show their appreciation for Groupama by subscribing to our mutual certificates in large numbers, and we're proud of that.

Jean-Yves Dagès
Chairman of the Board of Directors of Groupama SA
Thierry MARTEL

Thanks to our rigorous risk management, our 2016 results remained strong in spite of an exceptionally high level of claims on crops and an above-average level of claims for bodily injury.
This demonstrates the solidity of the Group's fundamentals, which we are constantly reinforcing by developing our human resources and investing in digital solutions that are recognised as being among the best in the market.

Thierry Martel
Chief Executive Officer of Groupama SA