Groupama’s 2019 Half-Year Results

• Premium income of €9.5 billion

– Increase in premium income from property and casualty insurance (+1.1%) and from life and health insurance (+1.0%)

– Mixed performance with an increase in France (+1.9%) and a decline in the international market (-3.9%)

• Economic operating income from insurance of €224 million

– Combined non-life ratio of 97.9%

– Continued transformation of the life insurance portfolio with a share of unit-linked outstandings in individual savings of 27.1% in France

• Solvency ratio of 152%

– Ratio of 269% with transitional measure on technical reserves
– Increase in Group’s IFRS equity to €9.7 billion
– Mutual certificate outstandings of €567 million at 30 June 2019, including €27 million collected during the 1st half of 2019