Groupama’s 2022 Annual Results

• Premium income of €15.9 billion, up +4.3%

– Strong growth in property and casualty insurance (+8.6%), driven by the good performance of international subsidiaries (+20.4%), particularly in Romania

– Growth in life and health insurance (+0.8%) both in France (+0.7%) and abroad (+1.1%)

• Net income of €454 million

– Economic operating income of €349 million, down (-27%), in a complex environment with a high loss experience related to weather claims in France, accelerating inflation, and rising bond rates

– Combined non-life ratio of 99.4%

– Increase in the non-recurring financial margin, in particular due to the capital gains realised on the sale of the building at 150 Avenue des Champs-Elysées in Paris

• Solvency ratio with transitional measure of 282%

– A solvency ratio of 207% without transitional measure on technical reserves

– Redemption of perpetual subordinated debt for €229 million

– IFRS shareholders’ equity of €7.5 billion