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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
12 March 2021
#finance
-Growth in life and health insurance and stability in property and casualty insurance
-Portfolio of loyal customers
-Insurance economic operating income of €348 million, down €117 million from 2019, impacted by the COVID pandemic
-Combined non-life ratio of 98.7%
-Sale of Groupama’s stake in La Banque Postale Assurances IARD
-Contribution to the solidarity fund to support small and medium-sized enterprises and the self-employed
-Goodwill impairment of the Italian subsidiary
-A solvency ratio of 152% without transitional measures
-IFRS shareholders’ equity of €10.7 billion
Mutualism takes on its full force when times are difficult. In 2020, Groupama supported all of its customers and members who were faced with illness, work stoppages, or economic difficulties. At the same time, Groupama continued to increase the number of its customers and attracted new employees. Jean-Yves DagèsChairman of the Board of Directors of Groupama Assurances Mutuelles
Mutualism takes on its full force when times are difficult. In 2020, Groupama supported all of its customers and members who were faced with illness, work stoppages, or economic difficulties. At the same time, Groupama continued to increase the number of its customers and attracted new employees.
In a year of exceptional crisis, Groupama lived up to its position as a major mutual insurer by contributing more than 250 million euros to solidarity initiatives for its customers and by making a significant contribution to the various aid and support funds set up by the government. Without having to resort to short-time working and relying on its 70,000 employees and elected representatives, the group has been very present with its customers while showing strong resilience in the current economic environment. Thierry MartelCEO of Groupama Assurances Mutuelles
In a year of exceptional crisis, Groupama lived up to its position as a major mutual insurer by contributing more than 250 million euros to solidarity initiatives for its customers and by making a significant contribution to the various aid and support funds set up by the government. Without having to resort to short-time working and relying on its 70,000 employees and elected representatives, the group has been very present with its customers while showing strong resilience in the current economic environment.
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