Groupama presents its 2024 Full-Year annual results

Premium income (insurance premiums and other income) of €18.5 billion, up +8.9%

• Growth in activity in all business lines: property and casualty insurance (+5.2%), health & protection (+15.2%) and savings & pensions (+8.1%)
• Sustained growth in France (+8.9%) and in international subsidiaries (+8.3%)
• Insurance revenue (IFRS 17) of €16.3 billion

 

Net income of €961 million

• Economic operating income of €954 million, up €52 million
• Moderate weather loss experience
• Combined ratio of 95.1%

 

Solvency ratio of 185% without transitional measure

• Solvency ratio of 241% without transitional measure on underwriting reserves
• Group’s IFRS equity of €10.5 billion, up +€0.6 billion
• Contractual service margin of €3.8 billion