Groupama // 2021 Universal Registration Document

2 THE GROUP’S BUSINESSES International Insurance

Romania 2.3.4.2 The Romanian market was up +22.4% in life insurance and +15.4% in non-life insurance at the end of September 2021. Groupama Asigur ă ri generated premium income of €331 million as of 31 December 2021, driven in equal amounts by bancassurance, brokers, independent agents, and the direct network. Property and casualty insurance represents the bulk of business with premium income of €306 million. Bulgaria 2.3.4.3 At the end of 2021, premium income from the Bulgarian subsidiaries Groupama Zastrahovane and Groupama Jivotozastrahovane amounted to €30 million, including €17 million in property and casualty insurance.

2.3.3

GREECE

The Greek market recovered with growth of +4.0% in non-life insurance and an increase of +15.2% in life insurance as of the end of December 2021. The €158 million in premium income as of 31 December 2021 was generated mainly by brokers and exclusive branches. Property and casualty insurance premium income was €84 million and represented nearly 60% of the business. In life and health insurance, Groupama Asfalistiki generated premium income of €75 million.

2.3.4

CENTRAL AND EASTERN EUROPEAN COUNTRIES (CEEC)

2.3.5

OVERSEAS TERRITORIES

Groupama’s premium income for countries in Central and Eastern Europe amounted to €755 million as of 31 December 2021. The Group holds leading positions in Hungary and Romania.

Gan Outre-Mer remains one of the major insurance players in the Pacific (New Caledonia, French Polynesia, Wallis and Futuna), with premium income of €68 million as of 31 December 2021, including €59 million from property and casualty insurance.

Hungary 2.3.4.1 The Hungarian market was up +11.4% in non-life insurance and +8.6% in life insurance at the end of June 2021. Groupama Biztosito generated premium income of €392 million as of 31 December 2021 via a highly diversified distribution network of branches, banking partnerships, brokers, and online enrolment sites. As of 31 December 2021, life and health insurance represented €186 million, and property and casualty insurance represented €206 million.

2.3.6

CHINA

In China, the Groupama AVIC joint venture continued to develop during 2021 and is now ranked number 6 among foreign non-life insurers on the Chinese market, with premium income of €330 million as of 31 December 2021.

25 Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES