Groupama // Universal Registration Document 2022

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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 (8 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 2022, Groupama benefits from dense, complementary distribution networks over the entire French territory: 4,800 sales representatives employed by Groupama’s regional mutuals, 850 general agents, 600 partner brokers of Gan Eurocourtage, the network of 400 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. th th

Internationally, the Group is present in 9 countries, mainly in Europe and with growth areas in Asia.

2.1.1

STRUCTURE OF PREMIUM INCOME

At the end of 2022, the Groupama group reported total premium income of €15,931 million, including €15,720 million in insurance premiums and €211 million originating from Asset Management and other financial businesses. Approximately 84% of the insurance business is carried out in France, amounting to €13.2 billion as at 31 December 2022. The table below presents the breakdown of premium income by business line in France and internationally.

Variation

(1)

31.12.2022

31.12.2021

31.12.2020

2022/2021

(in millions of euros)

France property and casualty insurance

6,166

5,842

5,692

+5,6%

Life and health insurance - France

7,071

7,019

6,318

+0,7%

Subtotal France

13,237

12,861

12,010

+2,9%

International property and casualty insurance

1,787

1,641

1,540

+20,4%

Life and health insurance - International

696

736

705

+1,1%

Subtotal International

2,483

2,377

2,245

+14,3%

Banking and financial businesses

211

240

189

-12,1%

GROUP TOTAL

15,931

15,478

14,444

+4,3%

(1) At constant scope of consolidation, exchange rate and accounting methods. Details of the premium income by business segment are presented in “Note 35 – Analysis of insurance premium income by major categories” in section 7 – “Financial Statements” of this Universal Registration Document.

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Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES