Groupama // Universal Registration Document 2022

2

THE GROUP’S BUSINESSES International Insurance

2.3 INTERNATIONAL INSURANCE

International insurance premium income was €2.5 billion in 2022. Written premiums reached €1.8 billion (72% of the total) in property and casualty insurance and €0.7 billion (28% of the total) in life and health insurance.

The Group is present in 9 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:

2022

2021

Non ‑ life

Non ‑ life

Ranking

Life

Life

(1)

Italy

9

26

10

26

(2)

Hungary

4

6

4

4

(3)

Romania

2

8

5

9

(4)

Greece

6

8

8

8

(1) Source: ANIA. (2) Source: ANIA. (3) Source: ASF (ex.-CSA). (4) Source: ANIA.

The table below presents the geographical breakdown of international premium income:

Premium income (in millions of euros)

Change

(3)

31.12.2022

31.12.2021

31.12.2020

2022/2021

International insurance

2,483

2,377

2,245

14.3%

Italy

1,181

1,225

1,247

-3.6%

(1)

CEEC

1,053

755

608

46.0%

Greece

178

158

148

12.3%

Other countries

70

68

66

3.1%

(2)

Turkey

-

171

176

-

(1) Central and Eastern European countries (Hungary, Romania, Bulgaria, Slovakia as from 2012). (2) Business of the subsidiaries in Turkey reclassified as businesses held for sale or discontinued as at 31 December 2022. (3) At constant scope of consolidation, exchange rate and accounting methods.

2.3.1

ITALY

2.3.2

GREECE

The Italian market was up +4.8% in non ‑ life insurance and down -11.0% in life insurance as at the end of September 2022. Groupama Assicurazioni generated €1,181 million in premium income as of 31 December 2022, 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 2022, property and casualty insurance premium income reached €831 million, while life and health insurance premium income reached €350 million.

The Greek market recovered with growth of +6.1% in non ‑ life insurance and +2.4% in life insurance as at the end of December 2022. The €178 million in premium income as of 31 December 2022 was generated mainly by brokers and exclusive branches. Property and casualty insurance premium income was €84 million and represented nearly 50% of the business. In life and health insurance, Groupama Asfalistiki generated premium income of €93 million.

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Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES