2017 Half-Year Results: Significant increase in net income at €286 million

31 August 2017


  • Premium income of €9.2 billion, up +1.6%

– Targeted development, particularly with the development of the unit-linked individual savings/pensions business activity and the growth both in group health insurance and group protection insurance premium income

– Growth in property and casualty insurance and in life and health insurance

  • Net income of €286 million, up +€217 million

– Economic operating income of €154 million

– A non-life combined ratio of 99.7%, despite high weather related losses

– Active transformation of the life insurance portfolio with a share of unit-linked in individual savings reserves of 25%

– Disoposal of holdings in Icade and OTP Bank under good market conditions

  • A Solvency 2 ratio of 326%, up +37 points since 31 December 2016

– Shareholders’ equity of €8.8 billion

– Mutual certificates outstandings of €375 million at 30 June 2017, including €185 million collected in the 1st half of 2017



Jean-Yves DAGES

The group's operating income is up despite very unfavourable weather related losses, even greater than in the first half of 2016. The group's mutual insurance dynamic and the power of its fundamentals contribute considerably to these strong results.

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

We are reaping the rewards of our structural efforts, reflected in much higher solvency ratios and the upgrade of our rating into the 'A' category. This first half year also recorded significant financial capital gains, a result of dynamic management of our asset portfolios.

Thierry Martel
Chief Executive Officer of Groupama SA



Groupama 2017 HY Results - Infographics