GROUPAMA / 2018 Registration document

2 THE GROUP’S BUSINESSES INTERNATIONAL INSURANCE

INTERNATIONAL INSURANCE 2.3 Groupama Assurances Mutuelles generated €2.5 billion in insurance premium income internationally during 2018. Premiums written reached €1.7 billion (70% of total premiums) in property and casualty insurance and €0.8 billion (30% of total premiums) in life and health insurance.

The Group is present in 9 countries, mainly in Europe and with growth areas in Asia. The table below presents Groupama’s rankings inthe major countrieswhere the Group is present:

2018

2017

Ranking

Non-life

Life

Non-life

Life

Italy (1)

9

24

8

23

Turkey (2)

12

14

10

12

Hungary (3)

4

3

4

4

Romania (4)

4

10

5

10

Greece (5)

10

9

10

9

Source: IVASS. (1) Source: TSB/ Insurance Association of Turkey. (2) Source: MABISZ. (3) Source: ASF (ex. CSA). (4) Source: HAIC – Hellenic Association of Insurance Companies. (5)

The table below presentsthe geographicalbreakdownof international premium income:

Premium income (in millions of euros)

31.12.2018

31.12.2017

31.12.2016

Change 2018/2017 (3)

International insurance

2,537 1,481

2,605 1,506

2,647 1,456

+1.6%

Italy

-1.7%

Turkey

265

337

315

+8.6%

Greece

139

132

135

+5.3%

CEEC (1)

589

567

533

+6.7%

Portugal (2)

-

-

69

-

Other countries

64

63

64

+0.9%

Central and Eastern European countries (Hungary, Romania, Bulgaria, Slovakia as from 2012). (1) The Portuguese subsidiaries were sold. (2) At constant scope of consolidation, exchange rate and accounting methods. (3)

2.3.1

ITALY

2.3.2

TURKEY

The Italian market was up +6.2% in life insurance as of 30 June 2018 and +2.2% in non-life insurance as of the end of September 2018. Groupama Assicurazioni generated €1,481 million in premium income as of 31 December 2018, principally via a network of general agents across the entire territory and via the banking channel, as a result of partnershipsconcludedwith regional banks in northern Italy in2013. In a highly competitive environment, premium income in property and casualty insurance reached €1,041 millionas of 31 December 2018, includingnearly 75% frommotor insurance.In life and health insurance, premium income reached €440 million as of 31 December 2018.

The development of insurance on the Turkish market remains supported with an increase of +20.2% in non-life insurance and +1.1% in life insurance asat 31 December 2018. Groupama Sigorta and Groupama Emeklilik generated premium income of €265 million as of 31 December 2018 via a highly diversified distribution network of nearly 2,000 agents, partnerships, brokers, and banking partners throughout the territory. As of 31 December 2018, property and casualty insurance represented €206 million in premium income, and life and health insurance represented€59 million.

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REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES