Groupama’s 2020 Annual Results

 

• Premium income of €14.4 billion

-Growth in life and health insurance and stability in property and casualty insurance

-Portfolio of loyal customers

•  Economic operating income of €306 million

-Insurance economic operating income of €348 million, down €117 million from 2019, impacted by the COVID pandemic

-Combined non-life ratio of 98.7%

• Net income of €177 million

-Sale of Groupama’s stake in La Banque Postale Assurances IARD

-Contribution to the solidarity fund to support small and medium-sized enterprises and the self-employed

-Goodwill impairment of the Italian subsidiary

• Solvency ratio with transitional measure of 244%

-A solvency ratio of 152% without transitional measures

-IFRS shareholders’ equity of €10.7 billion