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Annual Report 2013

In deed(s)

2013 was a very eventful year. Review of the principal highlights that demonstrate
Groupama Group's ability to adapt and transform to its environment,
and its commitment to its members, customers, employees and society.

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Strengthened partnership with Chinese aeronautical group AVIC

At the time of François Hollande's official visit to China in 2013, the Group signed a second partnership agreement in the insurance sector with AVIC (Aviation Industry Corporation of China).

This agreement builds on the success of the joint venture that has propelled Groupama Avic Insurance to rank among the top three foreign capital property damage insurers in China, with premium income of €184 million(1) and 250,000 customers. The agreement provides for the doubling of the share capital of Groupama Avic Property Insurance Company Ltd. in equal parts to one billion yuan (€125 million) to accelerate its geographical roll out to new agricultural regions. The agreement also extends the strategic partnership between the two groups in the life insurance segment. The company's development has been entirely achieved by virtue of organic growth, thanks to the establishment of a unique network of more than sixty agencies and branches in four provinces of central and northern China.

Groupama Chinese website screen shot