Groupama Group Sees Significant Growth in 2024 Financials

Author: Olivia Taylor Updated: 04-04-2025 03:15 AM

Groupama Group 2024 Annual Results Overview

Groupama Group reported a premium income of €18.5 billion, marking an impressive increase of 8.9% over the previous year.

Business Activity Growth Across Multiple Sectors

This outstanding growth reflects a strong performance across all business lines. Property and casualty insurance saw growth of 5.2%, health and protection insurance surged by 15.2%, and the savings and pensions sector increased by 8.1%. Notably, activity in France contributed to an overall growth of 8.9%, while international subsidiaries also showed strong performance with an 8.3% increase.

Remarkable Financial Performance

Net income reached €961 million, showcasing a robust economic operating income of €954 million, which is an increase of €52 million from the previous year. The overall loss experience was moderate, leading to a combined ratio of 95.1%, indicating strong operational efficiency in underwriting.

Solvency and Equity Position

The Group maintained a solid solvency ratio of 185%, emphasizing its financial stability without transitional measures on underwriting reserves. IFRS equity grew to €10.5 billion, a notable rise of €0.6 billion, complemented by a contractual service margin of €3.8 billion.

Laurent Poupart, Chairman of the Board of Directors, expressed satisfaction with these results, asserting the strength and resilience of the Groupama mutual model in navigating a challenging economic landscape.

Analysis of Business Segments

Insurance Premiums Breakdown

As of December 31, 2024, Groupama’s combined premium income of €18.5 billion was attributed to various segments, with property and casualty insurance contributing €9.24 billion (5.2% growth), health and protection yielding €5.9 billion (15.2% growth), and savings and pensions reaching €3.1 billion (8.1% growth).

International Performance

Internationally, Groupama’s business witnessed a healthy growth rate of 8.3%, totaling €3.1 billion. This was driven by significant advances in Hungary (+19.1%), alongside steady performances in Romania (+7.4%) and Italy (+5.9%).

Future Outlook and Strategy

The notable success generated across different territories reflects the effectiveness of Groupama’s strategic investments and commitment to enhancing product offerings tailored to customer needs. With a solid foundation established in the domestic market, the Group aims to leverage its strong international presence and capitalize on growth opportunities in related sectors.

Frequently Asked Questions

What is Groupama Group's premium income for 2024?

Groupama Group reported a premium income of €18.5 billion for the year 2024.

How has Groupama Group performed across its business lines?

The Group experienced growth across all major business lines: property and casualty insurance grew by 5.2%, health and protection by 15.2%, and savings and pensions by 8.1%.

What was the net income for Groupama in 2024?

Groupama's net income for 2024 reached €961 million, reflecting strong operational performance.

What is the solvency ratio for Groupama Group?

The solvency ratio stands at 185% without transitional measures on underwriting reserves, indicating strong financial health.

How did the international subsidiaries perform in 2024?

International subsidiaries generated premium income of €3.1 billion, showing a growth of 8.3% compared to the previous year.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

Contact Olivia Taylor privately here. Or send an email with ATTN: Olivia Taylor as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.