Groupama’s 2023 Full-Year Results

Premium income (insurance premiums and other income) of €17.0 billion, up +6.9%

• Strong growth in property and casualty insurance (+10.7%), driven by the solid
  performance of international subsidiaries
•  Increase in premium income in health and protection insurance (+7.9%)
• Decrease in the savings/pensions business (-4.4%)

Net income of €510 million

• Economic operating income of €627 million, despite an elevated climate-related
  claims charge (€1.3 billion before reinsurance)
• Combined non-life ratio of 96.8%

Solvency ratio of 197% without transitional measure

• Solvency ratio of 267% without transitional measure on technical reserves
• Group’s IFRS equity of €9.9 billion, up +€1.1 billion
• Contractual services margin of €3.6 billion