2013 Annual Results

20 February 2014


Net profit of €283 million

Net profit of €283 millions

Solid solvency margin at 200%

A positive dynamic

  • Improvement of the combined ratio in non-life insurance
  • Further cost cutting in 2013 with €270 million in 2 years
  • Reduction of the equity portfolio and diversification of the bond portfolio

A general multi-line insurer, leader in its core businesses and markets

  • Top-ranking positions in the main casualty businesses
  • Strengthened health and protection businesses
  • A comprehensive savings approach, including strong growth in savings in unit-linked products and development of bank savings
  • The customer at the heart of our commitments with strong growth in services activities
Jean-Yves DAGES

2013 materialized Groupama's commitment to its strategy as a mutual insurer, deeply rooted in the territories, strengthened by its elected representatives and loyal to its customers. The refocused strategy on our core businesses translated into net profits while we fully performed our role as lead insurer in the agricultural sector by giving unprecedented support during the climatic events. We will stay on our path while promoting our values as insurers, who create confidence

Jean-Yves Dagès
President of the Board of Directors of Groupama S.A.
Thierry MARTEL

2013 led Groupama into a new dynamic with a net profit, a strengthened solvency margin and reinforced risk management. Those results reflect the margin improvements in all our businesses and in all countries, driven by the commitment of all employees of the Group, general and authorized agents in the context of our strategy focused on profitable growth. We will maintain this course and our ambitions into 2014

Thierry Martel
Chief Executive Officer of Groupama S.A.