Premium income (insurance premiums and other income) of €18.5 billion, up +8.9%
- Growth in activity in all business lines: property and casualty insurance (+5.2%), health & protection (+15.2%) and savings & pensions (+8.1%)
- Sustained growth in France (+8.9%) and in international subsidiaries (+8.3%)
- Insurance revenue (IFRS 17) of €16.3 billion
Net income of €961 million
- Economic operating income of €954 million, up €52 million
- Moderate weather loss experience
- Combined ratio of 95.1%
Solvency ratio of 185% without transitional measure
- Solvency ratio of 241% without transitional measure on underwriting reserves
- Group’s IFRS equity of €10.5 billion, up +€0.6 billion
- Contractual service margin of €3.8 billion
Groupama is showing very satisfactory results, both in terms of revenue growth and profitability. Despite a turbulent economic and geopolitical environment, the group demonstrates the solidity and strength of its mutual model, which forms the foundation of an ambitious development strategy as well as investments for the future. I would like to thank our elected representatives and our employees for their commitment.
Laurent Poupart
Chairman of the Board of Directors of Groupama Assurances Mutuelles
The group's results are very positive, with net income supported by a robust operating income from our insurance activities. These results stem from all our operations, including property and casualty as well as life and health insurance, both in France and internationally. They enable us to navigate the complex and uncertain economic environment on solid foundations and to generate investment capacity for our development.
Thierry Martel
CEO of Groupama Assurances Mutuelles
