GROUPAMA / 2019 Universal Registration Document

2 THE GROUP’S BUSINESSES International Insurance

2.3

INTERNATIONAL INSURANCE

Groupama Assurances Mutuelles generated €2.3 billion in insurance premium income internationally during 2019. Written premiums reached €1.6 billion (70% of the total) in property and casualty insurance and €0.7 billion (30% of the total) 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 in themajor countries wherethe Group ispresent:

2019

2018

Ranking

Non-life

Life

Non-life

Life

Italy (1)

8

26

9

24

Turkey (2)

18

19

12

14

Hungary (3)

4

3

4

3

Romania (4)

5

10

4

10

Greece (5)

10

11

10

9

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

The table below presents the geographical breakdownof internationalpremium income:

Premium income (in millionsof euros)

31.12.2019

31.12.2018

31.12.2017

Change 2019/2018 (2)

Internationalinsurance

2,357

2,537

2,605

-2.3%

Italy

1,334

1,481

1,506

-9.9%

Turkey

188

265

337

+24.5%

Greece

151

139

132

+8.7%

CEEC (1)

618

589

567

+7%

Other countries

65

64

63

+1.9%

Central and Eastern European countries (Hungary, Romania, Bulgaria,Slovakiaas from 2012). (1) At constant scope ofconsolidation, exchangerate andaccountingmethods. (2)

2.3.1

ITALY

2.3.2

TURKEY

The Italianmarket was down 0.8% in life insuranceand up 3.6% in non-life insurance as of the nd of September 2019. Groupama Assicurazioni generated €1,334 million in premium income as of 31 December 2019, principally via a network of multi-line agents across the entire territory and via the banking channel, as a result of partnershipsconcludedwith regional banks in northern Italy in 2013. In a highly competitive environment,premium income in property and casualty insurance reached €916 million as of 31 December 2019, includingnearly 70% frommotor insurance.In life and health insurance, premium income reached €417 million as of 31 December2019.

The development of insurance on the Turkish market remains steady with an increase of +20.5% in non-life insurance and +47.1% in life insurance as of thend of October 2019. Groupama Sigorta and Groupama Emeklilik generated premium income of €188 million as of 31 December 2019 via a highly diversified distribution network of agents, partnerships, brokers, and banking partners throughoutthe territory. As of 31 December 2019, property and casualty insurancerepresented€150 millionin premium income, and life and health insurance represented €38 million.

26 Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES