Groupama Group’s 2026 Half-Year Results

Groupama has reported strong results, with net income of €560 million.

Premium income (insurance premiums and other income) of €14.0 billion, up 8.7%

• Growth across all business lines: property and casualty insurance (+5.6%), health and protection (+6.9%), and savings and pensions (+23.5%)
• Sustained growth in France (+8.8%) and across the international subsidiaries (+8.1%)
• Insurance revenue (IFRS 17) of €8.9 billion, up 6.9%

Net income of €560 million

• Economic operating income of €634 million, up €26.0 million
• Weather-related loss experience of €529 million before reinsurance
• Combined ratio of 93.3%

Strong solvency ratio of 240% without transitional measures

• Solvency ratio of 284% with the transitional measure on technical provisions
• Group’s IFRS equity of €13.4 billion, up €1.5 billion
• Contractual service margin of €4.8 billion

These results are strong, but they do not take account of the numerous weather-related events (hailstorms, wildfires and drought) that have occurred since 30 June 2026 and will be reflected in the second half of the year.

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