Groupama 2018 Half-Year Results – Sharp increase in operating income

• Premium income of €9.5 billion, up +3.6%

– Marked increase in premium income (+3.6%) for property and casualty insurance and for life and health insurance

– Continued growth in France (+3.2%) and internationally (+4.5%)

• Strong growth in economic operating income: up €63 million to €217 million

– Improvement of the combined ratio in non-life insurance to 98.1%

-Continued transformation of the life insurance portfolio with a share of unit-linked outstandings in individual savings of 26.2%

• A solvency 2 ratio of 167%

– Shareholder’s equity of €8.9 billion

– Mutual certificate outstandings of €504 million at 30 June 2018, including €68 million collected during the 1st half of 2018