French insurer GROUPAMA reported 74% y-o-y decrease in its H1 net profit, to EUR 69 million (EUR 266 million in 1H2015). The economic operating income was down in absolute values by EUR 24 million to EUR 92 million, while the non-life combined ratio was 99.9% (vs. 98.7%). At the same time, GROUPAMA's aggregate premium income remained stable at EUR 9.15 billion.

Analyzing the territorial distribution of premium income, France represented about 83% of the group's overall activity which amounted to EUR 7.65 billion, up by 0.8% compared with 30 June 2015.

At the same time, financial an banking businesses premium income was EUR 66 billion, while outside France, the value of premium income totaled EUR 1.43 billion, 5% less y-o-y.

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