Groupama’s 2020 Half-Year Results

• Premium income of €9.3 billion

-In an unprecedented health crisis, the Group’s premium income was impacted by the effects of the lockdown on its business and by cancellations and reductions of premiums granted to support the economy

-Mixed performance with an increase in property and casualty insurance and a decrease in life and health insurance

-A portfolio of loyal customers

• Resilient economic operating income at €196 million

-Stable economic operating income from insurance of €220 million

-A non-life combined ratio of 97.9%, stable compared with 30 June 2019

-An overall neutral impact of the pandemic on the loss experience thanks to offsets between the business lines: during the lockdown, a significant decrease in the frequency of motor and health claims and an increase in claims for business interruption, work stoppages, credit guarantee, travel and event cancellation insurances

• Net income of €139 million

-Sales of Groupama’s stake in La Banque Postale Assurances Iard

-Contribution to the solidarity fund to support VSEs and the self-employed workers.

• Solvency ratio with transitional measure of 252%

-A solvency ratio of 152% without transitional measure

-IFRS equity of €10.1 billion