Groupama’s 2024 Half-Year results

Premium income (insurance premiums and other income) of €12.0 billion, up +8.7%

• Growth in property and casualty insurance (+5.0%)
• Increase in premium income in health and protection insurance (+10.0%)
• Strong growth in the savings and pensions business (+20.7%)
• Insurance revenue (IFRS 17) of €7.9 billion

 

Net income of €398 million

• Economic operating income of €409 million, impacted by events in New Caledonia and by a better understanding of the seasonality effect
• Fairly moderate weather loss experience
• Combined non-life ratio of 95.9%

 

Strong solvency ratio of 190% without transitional measure 

• Solvency ratio of 249% with transitional measure on underwriting reserves
• Group’s IFRS equity of €9.3 billion
• Contractual services margin of €3.6 billion