Groupama reports growth in 2007 Embedded Value

29 April 2008

Our embedded value figures for 2007, based on CFO Forum guidelines, show good growth in a difficult market. They are well in line with the levels recorded by the other major Insurance groups active in the French market

Key figures 2007

 
Million of euros Groupama France International
Adjusted net asset value (ANAV) 2,604 2,377 227
Value of in force business (VIF) 2,405 2,276 129
Embedded Value (EV) 5,009 4,653 356
New Business Value (NBV (1)) 63 52 11
NBV / APE (2) 11.8% 12.8% 8.6%
NBV / PVP (3) 1.5% 1.5% 2%
(1) NBV : New Business Value
(2) APE : Annual Premium Equivalent = 10% of single premium policies and 100% of the regular premium
(3) PVP : Present Value of Premiums: present value at time of issue of the total premiums expected to be received over the policy term

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