Groupama’s 2021 Half-Year Results

1 September 2021




Premium income of €10.1 billion, up +8.8%

  • Sharp increase in life and health insurance (+16.7%) driven by the excellent performance of the individual savings/pensions segment in France (+48.5%)
  • Growth in property and casualty insurance (+2.3%) both in France (+2.4%) and internationally (+1.4%)

Net income up significantly at €297 million (+114%)

  • Non-life combined ratio of 98.1% in line with our objectives
  • Growth in economic operating income to €264 million
  • Increase in non-recurring financial margin

Solvency ratio with transitional measure of 261%

  • A solvency ratio of 174% without transitional measure on technical reserves
  • Group’s IFRS equity of €10.7 billion
Jean-Yves Dagès-2

The first few months of this year have once again been marked by a high level of weather-related losses - hail, frost and floods - which have particularly affected the agricultural sector. Because climate issues are at the heart of our concerns, Groupama is actively participating in the work carried out by the French government on risk management and crop insurance. I would like to thank our employees and elected members for their commitment to our customers and members because, despite those unfavourable climate conditions, the mobilisation of everyone has enabled the Group to achieve good half-year results.

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

Groupama posted a strong performance in the first half of 2021, driven by a favourable financial environment. In life and health insurance, the dynamics of the savings and pensions business are based on a winning societal approach that places the needs of our policyholders at the centre of our solutions. I am proud that the work carried out collectively over several years is bearing fruit.

Thierry Martel
CEO of Groupama Assurances Mutuelles