# Groupama Assurances Mutuelles

Groupama Assurances Mutuelles is an Insurance based in Paris, France.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Paris, France
- **Region:** Europe
- **Address:** Paris, France
- **Founded:** 1900
- **Assets under management:** Undisclosed
- **Website:** groupama.com
- **LinkedIn:** https://www.linkedin.com/company/groupama-assurances-mutuelles

## Regulatory record

- **Reports private funds:** No

## About

Groupama Assurances Mutuelles is a Paris-based insurance company. It oversees approximately $94.9 billion in assets across 13 funds, primarily focused on Europe.

## Sectors

- Real Estate
- Infrastructure
- Timberland
- Private Credit
- Equities

## People

- Thierry Martel — CEO
- Laurent Poupart — Chairman of the Board

## Questions

### Who runs investment decisions at Groupama?

Thierry Martel serves as CEO of the group, while Laurent Poupart chairs the board of directors. Groupama Asset Management, a wholly owned subsidiary, executes day-to-day portfolio management across public and private markets. Ultimate authority over strategic asset allocation rests with the mutual's board, reflecting its policyholder-owned governance structure.

### What role does timberland play in Groupama's portfolio?

Groupama holds a domestic French forestry portfolio as part of its real-assets allocation. For a mutual insurer managing long-dated liabilities, timberland provides both biological growth-driven appreciation and a hedge against inflation — aligning with the institution's permanent-capital time horizon.

### What is Groupama's relationship with Groupama Asset Management?

Groupama Asset Management is a wholly owned subsidiary of the mutual group and serves as its primary investment engine. It manages equity, fixed-income, and private-debt strategies on behalf of the parent company and external institutional clients. The parent can also make direct balance-sheet investments, particularly in real estate.

### Where does Groupama's underlying capital come from?

The capital base is built from over a century of policyholder premiums across property, casualty, life, and health insurance lines in France. As a mutual, the group operates under France's Insurance Code rather than corporate law, reinvesting surplus into the balance sheet rather than distributing it to external shareholders.

## Related profiles

- [Groupama Assicurazioni](https://altss.com/profile/groupama-assicurazioni)
- [Groupama](https://altss.com/profile/groupama-group)

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Last updated: 2026-06-03T20:00:00.000Z

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