Groupama has reported net income of €560 million for H1 2026, while premium income reached €14 billion, an 8.7% increase from the same period last year.
In terms of premium income, Groupama posted growth across all business lines in the first half of the year.
Property and casualty insurance increased 5.6% to €7.270 billion, while health and protection rose 6.9% to €4.235 billion.
Savings and pensions posted the strongest growth, surging 23.5% to €2.344 billion, and financial businesses contributed €156 million.
Meanwhile, Groupama’s insurance revenue under IFRS 17 stood at €8.9 billion in H1 2026, up 6.9% from H1 2025.
The group’s economic operating income also rose to €634 million in H1 2026, up 26% from the same period of the previous year.
In property and casualty insurance, economic operating income increased by €66 million to €349 million. The improvement reportedly reflected a lower combined ratio, which fell to 92.5% in H1 2026 from 92.9% in H1 2025.
In health and protection, H1 2026 operating income rose to €167 million from €132 million in H1 2025. The combined ratio improved by 1.3 percentage points to 94.6%.
Overall, Groupama’s combined non-life ratio stood at 93.3% in H1 2026, an improvement of 0.8 percentage points compared with the same period of 2025.
The improvement was mainly driven by fewer large claims than in the previous period and higher prior-year reserve releases.
Groupama explained that the impact of weather-related claims after reinsurance was virtually unchanged compared with H1 2025.
