Groupama’s 2023 Half-Year Results

Premium income (IFRS4) of €1billion, up +5.3%

• Strong growth in property and casualty insurance (+9.6%), driven by the good performance of international subsidiaries
• Development in health & protection (+8.3%)
• Decrease in savings & pensions (-13.7%)
• Insurance revenues (IFRS17/9) of €7.3 billion

Net income of €447 million

• Economic operating income of €612 million, with a very moderate weight of weather-related claims after an exceptional year in 2022
• Non-life combined ratio of 91.6%, including a discounting effect in accordance with IFRS17

Solvency ratio without transitional measure of 222%

• A solvency ratio of 287% with transitional measure on technical reserves
• Group’s IFRS equity of €9.6 billion
• Contractual services margin of €3.8 billion, up +2.2%