UNIVERSAL REGISTRATION DOCUMENT 2023

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 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 (9 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 2023, Groupama benefits from dense, complementary distribution networks over the entire French territory: 4,800 sales representatives employed by Groupama’s regional mutuals, 830 general agents, 700 partner brokers of Gan Eurocourtage, the network of 420 Gan Patrimoine agents, and the network of 540 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. th th

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

2.1.1

STRUCTURE OF PREMIUM INCOME

At the end of 2023, the Groupama group reported total premium income of €17,036 million, including €16,823 million in insurance premiums and €213 million originating from asset management and other financial businesses. Approximately 83% of the insurance business is carried out in France, amounting to €13.9 billion as at 31 December 2023. The table below presents the breakdown of premium income by business line in France and internationally.

31.12.2022 pro forma

Variation

(1)

31.12.2023

31.12.2022

31.12.2021

2023/2022

(in millions of euros)

Property and Casualty - France

6,703

6,182

6,166

5,842

+8.4%

Life and Health - France

7,233

7,071

7,071

7,019

+2.3%

Sub ‑ total France

13,936

13,253

13,237

12,861

+5.2%

Property and Casualty - International

2,110

1,781

1,787

1,641

+18.5%

Life and Helath - International

778

699

696

736

+11.3%

Sub ‑ total International

2,888

2,480

2,483

2,377

+16.5%

Financial businesses

213

211

211

240

0.9%

TOTAL GROUP

17,037

15,944

15,931

15,478

+6.9%

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

Details of the premium income by business segment are presented in “Note 26 – Insurance service revenues” in section 7 – “Financial Statements” of this Universal Registration Document.

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Universal Registration Document 2023 GROUPAMA ASSURANCES MUTUELLES