GROUPAMA posted 1H significant increase in net income, at EUR 286 million

French insurer GROUPAMA posted H1 Group premium income of EUR 9.2 billion, 1.6% more y-o-y, while the net profit increased to EUR 286 million, as compared with EUR 69 million at the end of June 2016.

At the same time, the economic operating income was up by 39% to EUR 154 million, while the non-life combined ratio was 99.7%, "despite high weather related losses", as the French insurer said in a press release.

"The group's operating income is up despite very unfavorable weather related losses, even greater than in the first half of 2016. The group's mutual insurance dynamic and the power of its fundamentals contribute considerably to these strong results." stated Jean-Yves Dagcs, Chairman of the Board of Directors of Groupama SA.

Per business lines, the property-casualty segment generated premium income of EUR 5.2 billion (+2% y-o-y), while the life and health insurance segment totaled EUR 3.9 billion (+0.9% y-o-y).

In terms of premiums, the French insurance market generated about 85% of total (EUR 7.8 billion, up by 1.4% y-o-y), while the international market generated premiums of about EUR 1.4 billion, 2.5% more y-o-y.

Read the announcement released by Groupama.

Related articles

S&P's confirms Triglav Group's "A" rating

On 8 September 2017, S&P Global Ratings confirmed the "A" long-term credit rating and financial strength rating of the TRIGLAV Group. Both credit ratings have a stable medium-term outlook.


SAVA Re's H1 net profit up by 19.4% y-o-y

Slovenian SAVA Re Group announced a 19.4% y-o-y increase in net profit , to EUR 17.1 million, for the first half of 2017, mostly due to good performance in the non-life business.




61st "Rendez-Vous de Septembre" ends today in Monte Carlo: review

The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers ends today in Monte Carlo. The Nat Cat insurance protection gap, as well as the global insurance market readiness to deal with the increasing complexity of the cyber risks were among the most debated topics.



MONTE CARLO: Live news from the "Rendez-Vous de Septembre"

The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers has started yesterday in Monte Carlo. XPRIMM publications on the CEE, SEE and CIS insurance markets are available at the XPRIMM stand in Fairmont Hotel as well as at the other event's venues.


See all