GROUPAMA / 2020 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

Internationally, the Group is present in 9 countries,mainly in Europe and with growth areas in Asia.

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 socioeconomic 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 2020, Groupama benefits from dense, complementary distribution networks over the entire French territory: 4,900 sales representatives employed by Groupama’s regional mutuals, 870 general agents, 600 partner brokers of Gan Eurocourtage, the network of 340 Gan Patrimoineagents, and the network of 500 Gan Prévoyance in-house advisors. On the domestic market, the Group is supported by two brands: Groupama and Gan and Amaguiz, each offering a specific range of products and services.

2.1.1

STRUCTURE

OF CONSOLIDATED PREMIUM INCOME

At the end of 2020, GroupamaAssurancesMutuellesreportedtotal consolidated premium income of €10,628 million, including €10,436 millionin insurancepremiumsand €193 millionfrom Asset Management and other financial businesses. Approximately 77% of the Groupama Assurances Mutuelles insurance business is carried out in France, amounting to €8.2 billion as of 31 December 2020. The table below presents the breakdown of premium income by business line in France and internationally.

31.12.2020

31.12.2019

31.12.2018 Variation 2020/2019 (1)

(in millions of euros)

3,362

3,466

3,391

+0.0%

France property and casualty insurance

Life and health insurance - France

4,828

4,663

4,548

+3.5%

Subtotal France

8,190

8,129

7,939

+2.0%

International property and casualty insurance

1,540

1,623

1,768

-2.1%

Life and health insurance - International

705

734

770

-1.0%

Subtotal International

2,245

2,357

2,538

-1.7%

Banking and financial businesses

193

172

173

12.3%

TOTAL CONSOLIDATED SCOPE

10,628

10,657

10,650

+1.4%

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

Details of the premiumincomeby businesssegmentare presentedin “Note 34 – Analysisof insurancepremiumincomeby major categories” in section 7 – “Financial Statements” of thiusniversal registration document.

20 Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES