The group organisation

Relationships between the various entities of the Group are governed in the mutual insurance division:

  • by an internal reinsurance contractual mechanism between the regional mutuals and Groupama Assurances Mutuelles, defined by an internal reinsurance agreement with terms updated every year,
  • by a security and joint liability agreement between all the regional mutuals and Groupama Assurances Mutuelles.

Relationships between entities are governed in the Groupama Assurances Mutuelles division through capital ties.

  • The subsidiaries are owned by Groupama Assurances Mutuelles
  • The main subsidiaries included in this division are consolidated in the financial statements.

There are two scopes within Groupama:

  • the combined scope, which includes all the entities of the Group and all the activities of the regional mutuals;
  • the consolidated scope in which Groupama Assurances Mutuelles is the parent holding company. In addition to the activities of the subsidiaries, its business lines include approximately 35% of the activity of the regional mutuals, which is captured by the internal reinsurance mechanism.

Local mutuals

The group includes 2,600 local mutuals spread across the entire French territory.

More details on the local mutuals

Regional mutuals

The 13 regional mutuals – 9 metropolitan mutuals, 2 overseas mutuals and 2 specialist specialised mutuals – offer a complete range of insurance and financial products.

More details on the regional mutuals

Groupama Assurances Mutuelles

Groupama Assurances Mutuelles is a public limited company nearly 100% owned by Groupama’s regional mutuals. Its role is to direct the Group’s operational activities. It is run by a Board of Directors made up of 15 members.

More details on the role of Groupama Assurances Mutuelles

Group subsidiaries

The Group’s subsidiaries, in France and abroad, are owned by Groupama Assurances Mutuelles.

More details on the Group subsidiaries