Groupama

Groupama is a French mutual insurance group based in Paris, Île-de-France, providing property, casualty, life, health, and automotive insurance, with historical roots in serving agricultural communities. The organization operates across 12 countries, including key markets like Italy, Greece, Turkey, Tunisia, and China, extending its offerings to individuals, SMEs, and public entities. Through subsidiaries such as Groupama Asset Management and Orange Bank, it also provides financial services, banking, and wealth management. With a workforce of approximately 32,000 employees, including 25,000 in France, Groupama reported sales of EUR 12.8 billion in 2004. The group's cooperative business model is funded by member policyholders and premiums from its diverse insurance products. While its origins trace back to French farmers' mutual fire insurance in 1840, the modern Groupama entity was formally established in 1986.