Groupama // 2021 Universal Registration Document

2 THE GROUP’S BUSINESSES International Insurance

2.3

INTERNATIONAL INSURANCE

International insurance premium income was €2.4 billion in 2021. Written premiums reached €1.7 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 10 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:

2021

2020

Ranking

Non-life

Life

Non-life

Life

Italy (1)

10

26

9

28

Turkey (2)

15

19

17

17

Hungary (3)

4

4

4

4

Romania (4)

5

9

5

9

Greece (5)

8

8

8

10

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)

31.12.2021

31.12.2020

31.12.2019

Change 2021/2020 (2)

International insurance

2,377

2,245

2,357

+8.4%

Italy

1,225

1,247

1,334

-1.7%

Turkey

171

176

188

+26.7%

Greece

158

148

151

+6.6%

CEEC (1)

755

608

618

+26.4%

Other countries

68

66

65

+2.9%

Central and Eastern European countries (Hungary, Romania, Bulgaria, 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 Italian market was up +2.0% in non-life insurance and up +10.0% in life insurance at the end of September 2021. Groupama Assicurazioni generated €1,225 million in premium income as of 31 December 2021, principally via a network of general agents across the entire territory and via the banking channel, as part of partnerships with regional banks in northern Italy. As of 31 December 2021, property and casualty insurance premium income reached €831 million, while life and health insurance premium income reached €394 million.

The development of insurance on the Turkish market remains steady with an increase of +28.0% in non-life insurance and +22.8% in life insurance as of the end of December 2021. Groupama Sigorta and Groupama Hayat generated premium income of €171 million as of 31 December 2021 via a highly diversified distribution network of agents, partnerships, brokers, and banking partners throughout the territory. As of 31 December 2021, property and casualty insurance represented €139 million in premium income, and life and health insurance represented €32 million.

24 Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES