Groupama

History

The history of Groupama can be traced back to the 19th century when mutual insurance societies began to be created in France, for the benefit of the farmers. Groupama was formed as an agricultural insurer in 1986, when the agricultural arm of mutual insurance came to be known as Groupama. Today, Groupama is a leading mutual insurer in France.

Mission

The mission of Groupama is to:

Consolidate and expand their positions in France.
Accelerate (organic and acquisitions) global expansion.
Achieve greater profitability through enhanced efficiency.
Combine growth and profitability to increase the Group's value.

Rank amongst the top 10 European insurers.

Area of Operation

The businesses of Groupama are:

Personal Insurance
Property Insurance
Bank
Financial Services

Key Statistics

Groupama holds assets of $94.70 billion.
Groupama has made profits of $0.67 billion in 2006.
Groupama operates in France, Great Britain, Hungary, Italy, Portugal, Spain, Turkey, China, Hong Kong and Vietnam.
Groupama has 27,119 employees.

Organization

The organization structure of Groupama is as follows:

Groupama SA
Subsidiaries
Insurance Banking Services in France
Services in France
Finance
International

The Management Organization structure includes:

CEO
Audit Department
Corporate Secretary, Strategy and Human Resources Department
Corporate Communications Department
Corporate Finance
Insurance, Banking & Services, France
International Business

The Group also has a Legal and Financial Organization chart.

International Ranking

Groupama ranks 303 in Fortune Global 500 list.

Recent Acquisition

In 1998, Groupama acquired Gan in France.
In 2002, Groupama acquired Plus Ultra Generales in Spain.
In 2006, Groupama acquired the Basak group in Turkey.
In 2007, Groupama UK acquired Carole Nash insurance brokers.

Headquarter Address

8-10 Rue d'Astorg,
Paris, 75383
France
Phone: 33-1-4456-7777
Website URL: www.groupama.com