Groupama’s 2022 Half-Year Results

7 September 2022


Vignette_Résultats semestriels 2022_EN

Premium income of €10.6 billion, up +5.5%

  • Strong growth in property and casualty insurance (+8.6%), driven by the good performance of international subsidiaries (+33.2%), particularly in Romania
  • Growth in property and casualty insurance (+2.4%) both in France (+2.3%) and abroad (+3.7%)

Economic operating income of €284 million, up +7.6%

  • Economic operating income up, in a complex environment with a high number of weather-related claims in France, accelerating inflation, and rising bond yields
  • Non-life combined ratio of 96.9%
  • Net income of €232 million, in line with our targets

Solvency ratio with transitional measure of 301%

  • A solvency ratio of 215% without transitional measure on technical reserves
  • IFRS shareholders’ equity of €8.3 billion
Jean-Yves Dagès-2

Groupama posted very satisfactory results in the first half of 2022, despite a more difficult environment. This performance underlines the strength of our mutual model and the commitment of our elected members and employees.

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

The first half of the year has confirmed the growth momentum of our activities and the solidity of the group, with a solvency ratio of 215%. We remain vigilant in order to cope with this complex environment, which is marked by high weather-related claims, accelerating inflationary pressures and volatile financial markets.

Thierry Martel
CEO of Groupama Assurances Mutuelles
Groupama_HY 2022 Results - Infographics