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Born out of the collective spirit of French farmers in the early 20th century, Groupama was born out of agricultural mutual insurance designed to spread risk among its members. Decades passed, and 1986 was a pivotal year for these regional mutual organizations. Their merger resulted in the formation of Groupama, which aimed to create the dominant national insurer in France.

The subsequent 1990s and 2000s witnessed Groupama’s aggressive expansion. Through strategic mergers and acquisitions, the company merged several small regional mutual insurers, strengthening its position in the French insurance business. Moreover, Groupama did not limit itself to agricultural insurance. Its portfolio was enriched with health, property, and automobile insurance. The company’s aspirations were not limited to French borders: it began to develop actively in international markets, particularly in the regions of Southern and Eastern Europe.

The year 1995 was another important milestone for the company. Groupama decided to go public by listing its shares on the Paris Stock Exchange. Despite this move, the company maintained its fundamental ethic of reciprocity, utilizing public funds for greater expansion.

Today, Groupama is present in 11 countries across Europe, Asia, and Africa and serves more than 13 million customers. Although the company’s roots are in agricultural mutual insurance, Groupama has embraced many insurance industries in its growth. It is now both an insurance company and a major international financial services conglomerate. With its strong mutuality, wide range of services, and extensive agent network, Groupama is the leading beacon of mutual insurance in France and throughout the European region.