GROUPAMA / 2018 Registration document

2 THE GROUP’S BUSINESSES

GROUPAMA, A MULTI-LINE AND MULTI-CHANNEL INSURER

GROUPAMA, A MULTI-LINE AND MULTI-CHANNEL INSURER

2.1

Groupama, a mutual insurance group, is a multi-line insurer, founded at the end of the 19 th  century by farmers. The expertise developed by the Group throughout its history has been extended to the benefit of all socio-economic players: individuals, professionals, companies and local authorities. Today, Groupama is a major player on the insurance market in France (9 th largest French multi-line insurer, source: L’Argus de l’Assurance ), in property and casualty insurance, life and health insurance, and financial businesses. At the end of 2018, Groupama benefits from dense, complementary distribution networks over the entire French territory: 5,000 sales representatives employed by Groupama’s regional mutuals, 900 general agents, 600 partner brokers of Gan Eurocourtage,the network of 340 Gan Patrimoineagents, and the networkof 600 Gan Prévoyance in-houseadvisors. Groupama also has a presence in direct sales channels following the 2008 launch of Amaguiz.com,a brand exclusivelydedicatedto direct insurance sales via the Internet.

On the domestic market, the Group is supported by the following three brands: Groupama, Gan and Amaguiz, each offering their own specificline of productsand services. Internationally, the Group is present in 9 countries, mainly in Europe and with growth areas in Asia.

2.1.1

STRUCTURE OF CONSOLIDATED

PREMIUM INCOME

At the end of 2018, Groupama Assurances Mutuelles reported total consolidated premium income of €10,650 million, including €10,477 millionin insurance premiums and €173 millionoriginating from assetmanagementand other financial businesses. Approximately 75% of the Groupama Assurances Mutuelles insurance business is carried out in France, amounting to €7.9 billionas of 31 December 2018. The table below presents the breakdown of premium income by business linein France andinternationally.

31.12.2018

31.12.2017

31.12.2016 Variation 2018/2017 (1)

(in millions of euros)

France property and casualty insurance

3,391

3,349

3,267

+1.6%

Life andhealth insurance –France

4,548 7,939 1,768

4,199 7,548 1,765

4,090 7,357 1,767

+8.0%

Subtotal France

+5.2%

Property and casualty insurance –International

+4.9%

Life andhealth insurance –International

770

840

880

-5.3%

Subtotal International

2,538

2,605

2,647

1.6%

Banking and financialbusinesses

173

150

136

+15.2%

TOTAL CONSOLIDATED SCOPE

10,650

10,303

10,140

+4.4%

At constant scope of consolidation, exchange rate and accounting methods. (1)

Details of the premium income by business segment are presented in “Note 33 categories” insection 6– “FinancialStatements”of this registrationdocument.

– Analysis of insurance premium income by major

18 REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES