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ASSUREURS CRÉATEURS DE CONFIANCE
2023 Full Year results Analysts Conference Call
Motor, home, agricultural, services, business, professionnals and local authorities
Individual health, individual protection, life insurance – individual savings/pensions, group insurance
Asset management, property management, employee savings, banking
Legal protection, credit insurance, assistance, remote surveillance of property and persons
27 August 2009
Sustained revenue growth ; Profits weakened by January storms
Consolidated results(1)
Revenues: €8,358 million, up 8.4% (4.5% like-for-like) Operating profit(2): €115 million, down 49.6% Net profit: €166 million, down 40.5% Shareholders’ equity: €3,433 million, up 8.0%
Combined results(1)
Revenue: €10,983 million, up 7.2% (4.3% like-for-like) Net profit: €110 million, down 66.4%
The financial statements are prepared in accordance with IFRS.
“Our business continued to grow rapidly in the first half of the year” commented Jean Azéma, Chief Executive Officer. “We ended the period with a strong performance in Life & Health insurance and solid foundations for growth in our international subsidiaries.
Groupama fully played its part as an insurer when after the early-year storms the group compensated its policyholders up to a total amount of €436 million. All the same, the group posted a net profit. We remain confident of fulfilling our ambitions in Europe and will continue in the second half implementing our business investments, while also working to unleash the significant synergies that exist at all levels in our organisation.”
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