GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

2 THE GROUP’S BUSINESSES International Insurance

2.3

INTERNATIONAL INSURANCE

International insurance premium income was €2.2 billion in 2020. Written premiumsreached€1.5 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 the major countries where the Group is present:

2020

2019

Ranking

Non-life

Life

Non-life

Life

9

28

8

26

Italy (1)

Turkey (2)

17

17

18

19

Hungary (3)

4

4

4

3

Romania (4)

5

9

4

10

Greece (5)

8

10

10

9

Source: ANIA. (1) Source: TSB/Insurance Association of Turkey. (2) Source: ANIA. (3) Source: ASF (ex. CSA). (4) Source: ANIA. (5)

The table below presents the geographical breakdown of international premium income:

Premium income (in millions of euros)

31.12.2020

31.12.2019

31.12.2018

Change 2020/2019 (2)

International insurance

2,245

2,357

2,537

-1.7%

Italy

1,247

1,334

1,481

-6.5%

Turkey

176

188

265

-6.7%

Greece

148

151

139

-1.7%

CEEC (1)

608

618

589

-1.4%

Other countries

66

65

64

1.6%

Central and Eastern European countries (Hungary, RomaniaB, ulgaria, Slovakia as from 2012) (1) At constant scope of consolidation, exchange rate and accounting methods. (2)

2.3.1

ITALY

2.3.2

TURKEY

The Italianmarket was up 3.9% in life insuranceand down 3.4% in non-life insurance as of the end of September 2020. Groupama Assicurazioni generated €1,247 million in premium income as of 31 December 2020, 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 in 2013. As of 31 December 2020, property and casualty insurance premium income reached €858 million, while life and health insurance premium income reached €389 million.

The growth of insurance on the Turkish market remained steady with an increaseof +17.3%in non-life insuranceand +41.0%in life insurance as of the end of October 2020. Groupama Sigorta and Groupama Emeklilik generated premium income of €176 million as of 31 December 2020 via a highly diversified distribution network of agents, partnerships, brokers, and banking partners throughout the territory. As of 31 December 2020, property and casualty insurance represented€142 millionin premium income, and life and health insurance represented €34 million.

26 Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES