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

30 August 2018


  • 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



1 – Photo Jean-Yves Dagès – Haute def

The results for the first half of the year confirm the pertinence of Groupama's strategic choices and the steady progress in its operating efficiency. We are proud of these results at a time when Groupama is returning to its roots by converting its central body to a mutual insurance company.

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

Sound results built on quality service that is continuously improving and appreciated by loyal customers. Our targeted growth policy is paying off in a context where weather-related losses are still a challenge.

Thierry Martel
CEO of Groupama Assurances Mutuelles
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