Groupama // 2021 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 developed by the Group throughout its history has been extended to the benefit of all socio-economic players: individuals, professionals, companies, and local authorities. Today, Groupama is a major player on the insurance market in France (6 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 2021, Groupama benefits from dense, complementary distribution networks over the entire French territory: 4,900 sales representatives employed by Groupama’s regional mutuals, 870 multi-line agents, 600 partner brokers of Gan Eurocourtage, the network of 390 Gan Patrimoine agents, and the network of 500 Gan Prévoyance in-house advisors. On the domestic market, the Group is supported by two brands: Groupama and Gan, each offering a specific range of products and services.

Internationally, the Group is present in 10 countries, mainly in Europe and with growth areas in Asia.

2.1.1

STRUCTURE OF PREMIUM

INCOME

At the end of 2021, the Groupama group reported total premium income of €15,477 million, including €15,237 million in insurance premiums and €240 million originating from asset management and other financial businesses. Approximately 84% of the insurance business is carried out in France, amounting to €12.9 billion at 31 December 2021. The table below presents the breakdown of premium income by business line in France and internationally.

31.12.2021

31.12.2020

31.12.2019

Change 2021/2020 (1)

(in millions of euros)

Property and casualty insurance - France

5,842

5,692

5,755

+2.6%

Life and health insurance - France

7,019

6,318

6,102

+11.1%

Subtotal France

12,861

12,010

11,857

+7.1%

International property and casualty insurance

1,641

1,540

1,623

+9.4%

Life and health insurance - International

736

705

734

+6.1%

Subtotal International

2,377

2,245

2,357

+8.4%

Banking and financial businesses

240

189

168

+26.9%

TOTAL GROUP

15,478

14,444

14,382

+7.5%

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

Details of the premium income by business segment are presented in “Note 34 – Analysis of insurance premium income by major categories” in section 7 – “Financial Statements” of this Universal Registration Document.

18 Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES