Groupama’s 2019 Half-Year Results

29 August 2019


  • 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

Jean-Yves Dagès-2

Groupama's results show the group's resilience in a complex financial environment. This performance confirms the relevance of the group's economic efficiency strategy based on mutualist values of proximity to its policyholders.

Jean-Yves Dagès
Chairman of the Board of Directors of Groupama Assurances Mutuelles
MARTEL Thierry_Directeur Général_1

This first half confirmed the growth momentum of our activities as well as the increase in our operating profitability, particularly in France, in an environment marked by historically low rates and numerous international uncertainties.

Thierry Martel
CEO of Groupama Assurances Mutuelles