BPCE - 2018 Registration document
FINANCIAL REPORT IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2018
Transition between the presentation applicable to insurance companies and to banks 9.2.2 The statement shown below provides a transition between the consolidation and their translation into the financial statements of financial statements of insurance companies included in the scope of Groupe BPCE in accordance with the presentation applicable to banks.
Banking format 2018-12
NBI
Other items of net banking income (excluding net income from insurance businesses)
Net income from insurance businesses*
Insurance format 2018-12
Gross operating income
Insurance format 2017-12
Operating expenses
Other items
in millions of euros Earned premiums
14,401
(68)
14,333
14,333
14,033
Revenues or income from other activities
187
65
252
(34)
218
246
Other operating income
14
14
33
47
47
Net financial income before finance costs TOTAL REVENUE FROM ORDINARY ACTIVITIES
572
30
(14)
588
1
589
2,824
15,160 (12,110)
27 93
15,187 (12,149)
15,187 (12,148)
17,150 (14,035)
Claims and benefits expenses Expenses from other activities
(132)
1
(13)
(13) (31)
(13) (33)
(331)
Net income from reinsurance cessions
(28)
(3)
(2)
(36)
Policy acquisition costs Administrative expenses
26
(804) (480)
(221) (350)
(999) (830)
(999) (830)
(978) (784)
Other operating/recurring income and expenses TOTAL OTHER RECURRING INCOME AND EXPENSES
5
(75)
(289)
(364)
(2)
(366)
(327)
(12,112)
(1,269) (1,242)
(1,005) (1,005)
(14,386)
(3) (3)
(14,389)
(16,491)
OPERATING INCOME
3,048
801
798
659
Net income from insurance businesses does not include income from the Prêt Viager Hypothécaire, a reverse mortgage for seniors offered by CFF. *
INFORMATION TO BE PROVIDED ON THE TEMPORARY EXEMPTION OF INSURANCE BUSINESSES 9.3 FROM IFRS 9
Change in fair value over the period
Fair value
in millions of euros
SPPI financial assets Other financial assets
44,997
(1,317)
5,927
(218)
TOTAL*
50,925
(1,535)
Excluding UCITS classified as available-for-sale assets for €5,067 million at December 31, 2018 *
This table does not include financial assets recognized at fair value through profit of loss or reinsurance activities.
Carrying amount*
Fair value
in millions of euros
SPPI financial assets
1,689 1,689
1,710 1,710
TOTAL
*
Before value adjustments for impairment
343
Registration document 2018
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