for life insurance   Strong growth in general insurance and an oustanding year

"The year 2009 was an excellent year in terms of general insurance growth, and an outstanding one for collected life insurance premiums. It was also a record year for several sales indicators, such as 185,000 new policyholders and an increase in the number of processed telephone calls. In this promising context for GMF, 2010 will be the perfect year to launch our new healthcare insurance product."

Patrice Forget, Deputy Managing Director, GMF Group

General insurance: Auto Pass keeps its promises
In a thriving market for new vehicle insurance, yet affected by the housing crisis (i.e. fewer new home insurance contracts), the PIP portfolio at GMF group posted significant growth in all insurance areas.

Driven by the new Auto Pass insurance contract, the auto insurance portfolio is up 2% with 295,000 new contracts, while the entire insurance offer increased by less than 1%. In multi-risk home insurance, the portfolio's net growth was 1.6%. The Accidents and Family contract was up by 2%.
One year after its rollout, Auto Pass kept its promises, with 263,500 new contracts subscribed. Just as its selling point is its value for money, other guarantees or premium reductions met with real success. such as the Petit Rouleur, a 10% reduction for policyholders who drive fewer than 5,000 kilometers per year, or Bio Bonus, a 5% reduction for non-polluting vehicles. The new Auto Pass was well received by various industry magazines. In particular it received the "Gold Label" awarded by Dossiers de l'Épargne.

Life insurance, savings and retirement planning: outstanding premium income
Premium income surpassed 1.6 billion euros, up 45.6% over 2008. At the end of 2009, the GMF Vie insurance policies in effect totalled 13.6 billion euros, up 10%.  Over 65,500 new customers entrusted us with their savings and with the financial protection of their family. GMF now boasts over 705,000 savings and retirement planning customers.
GMF Vie provided a yield of 4.15% on its main contracts and fixed-yield funds,one of the highest yields in France.

Stable income
GMF Group gross premiums totalled 3.65 billion euros in 2009, up 2.2%.
The increase in the number of claims, after several downward years, was offset by the rally in financial products. Net income from our property and casualty companies was stable overall, while net income from GMF Vie markedly increased.
The Group's solvency margin (including unrealised capital gains) was 3.4 times the legally required minimum.

FIRST CARBON FOOTPRINT ANALYSIS
In 2009, GMF Assurances had a carbon footprint analysis performed for their activities and facilities. This proactive approach was motivated by three sustainable development goals. The threefold purpose was to measure the company's environmental footprint and study ways to reduce it; to plan for changes to regulations; and to take a stand as a responsible player in the insurance industry. GMF Assurances aims to reduce its emissions by 10% over the next three years. An action plan has been implemented to save energy and paper and cut back on transport costs. The company has also pledged to prepare an annual environmental report.

Key Figures