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ASSUREURS CRÉATEURS DE CONFIANCE
2024 Half 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
16 March 2018
#finance
– Growth in property and casualty insurance as well as life and health insurance
– Continued growth in France (+2.6%) and return to strong organic growth in foreign markets (+4.1%)
– An improvement in the non-life combined ratio of 98.9%, despite a high weather-related loss experience
– Active transformation of the life insurance portfolio with a share of unit-linked outstandings in individual savings of 25.8%
– Improvement in economic operating income in France and internationally
– Net income affected by exceptional charges of €187 million due to regulatory changes in France (tax surcharges and statutory enhancements)
– Strong increase in the international subsidiaries’ contribution to net income (+35%)
– Solvency ratio of 174% without transitional measure on technical reserves
– Shareholders’ equity of €8.9 billion
– Mutual certificates outstandings of €436 million at 31 December 2017, including €246 million collected in 2017
Groupama had a satisfactory 2017 in terms of both development and profitability. As the company continues its internal work to remutualise its governing body, which is planned for the end of the first half of 2018, Groupama has continuously shown its capacity to develop and support innovative and transformational projects that serve all its members and customers, particularly alongside farmers. Jean-Yves DagèsChairman of the Board of Directors of Groupama SA.
Groupama had a satisfactory 2017 in terms of both development and profitability. As the company continues its internal work to remutualise its governing body, which is planned for the end of the first half of 2018, Groupama has continuously shown its capacity to develop and support innovative and transformational projects that serve all its members and customers, particularly alongside farmers.
The Group saw profitable growth momentum in its property and casualty insurance as well as in its life and health insurance, and recorded a major increase in its operating income as well as its solvency. It is therefore with a solid foundation that Groupama SA will soon become Groupama Assurances Mutuelles, the Group's new national mutual. Thierry MartelChief Executive Officer of Groupama SA.
The Group saw profitable growth momentum in its property and casualty insurance as well as in its life and health insurance, and recorded a major increase in its operating income as well as its solvency. It is therefore with a solid foundation that Groupama SA will soon become Groupama Assurances Mutuelles, the Group's new national mutual.
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