GROUPAMA / 2019 Universal Registration Document

2 THE GROUP’S BUSINESSES Groupama, a multi-line and multi-channel insurer

2.1

GROUPAMA, A MULTI-LINE AND MULTI-CHANNEL 

INSURER

Groupama, a mutual insurance group, is a multi-line insurer, founded at the end of the 19 th  century by farmers. The expertise developedby the Group throughout its history has been extended to the benefit of all socio-economic players: individuals, professionals,companiesand local authorities.Today,Groupamais a major player on the insurancemarket 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 2019, Groupama benefits from dense, complementary distribution networks over the entire French territory: 4,900 sales representatives employed by Groupama’s regional mutuals,880 multi-lineagents, 600 partner brokers of Gan Eurocourtage,the network of 340 Gan Patrimoineagents, and the network of 600 Gan Prévoyance in-house advisors. 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 specific line of productsand services. Internationally,the Group is present in 9 countries,mainly in Europe and withgrowth areasin Asia.

2.1.1

STRUCTURE

OF CONSOLIDATED PREMIUM INCOME

At the end of 2019, GroupamaAssurancesMutuellesreportedtotal consolidated premium income of €10,657 million, including €10,486 millionin insurancepremiumsand €172 millionfrom asset management andother financial businesses. Approximately 75% of the Groupama Assurances Mutuelles insurance business is carried out in France, amounting to €8.1 billionas of 31 December 2019. The table below presents the breakdown of premium income by businessline in France and internationally.

31.12.2019

31.12.2018

31.12.2017 Variation2019/2018 (1)

(in millions ofeuros)

Propertyand casualty insurance- France

3,466

3,391

3,349

+2.2%

Life and health insurance– France

4,663

4,548

4,199

+2.5%

Subtotal France

8,129

7,939

7,548

+2.4%

Propertyand casualty insurance- International

1,623

1,768

1,765

-3.2%

Life and health insurance– International

734

770

840

-0.4%

Subtotal International

2,357

2,538

2,605

-2.3%

Financialbusinesses

172

173

150

-0.8%

TOTALCONSOLIDATEDSCOPE

10,657

10,650

10,303

+1.3%

At constant scope ofconsolidation, exchangerate andaccountingmethods. (1)

Details of the premium income by business segment are presented in “Note 35 – Analysis of insurance premium income by major categories” in section 7 –FinancialStatements ofthis UniversalRegistration Document.

20 Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES