BPCE - 2018 Registration document

5 FINANCIAL REPORT

IFRS Consolidated Financial Statements of BPCE SA group 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 financial statements of insurance companies included in the scope of consolidation and their translation into the financial statements of Groupe BPCE in accordance with the presentation applicable to banks.

Banking format 2018-12

Net banking income

Other items of net banking income (excluding net income from insurance businesses)

Net income from insurance businesses

Gross operating income Other items

Insurance format 2018-12

Insurance format 2017-12

Operating expenses

in millions of euros Earned premiums

13,566

(98)

13,468

13,468

13,289

Revenues or income from other activities

170

82

252

(33)

219

246

Other operating income

14

14

33 (1)

47

47

Net financial income before finance costs TOTAL REVENUE FROM ORDINARY ACTIVITIES

518

29

(11)

536

535

2,589

14,254 (11,364)

13

3

14,270 (11,380)

(1)

14,269 (11,379)

16,171 (13,470)

Claims and benefits expenses Expenses from other activities

113

(129)

1

(13)

(13) (28)

(13) (30)

(18) (35)

Net income from reinsurance cessions

(28)

(2) (1)

Policy acquisition costs Administrative expenses Other operating income and expenses/recurring

27

(777) (453)

(217) (346)

(967) (799)

(968) (799)

(952) (755)

(75)

(283)

(358)

(2)

(360)

(320)

TOTAL OTHER RECURRING INCOME AND EXPENSES

(11,365)

(1,192) (1,179)

(988) (985)

(13,545)

(4) (5)

(13,549)

(15,550)

OPERATING INCOME

2,889

725

720

621

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

41,476

(1,398)

3,516

(83)

TOTAL*

44,993

(1,481)

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

1,475 1,475

1,489 1,489

TOTAL

*

Before value adjustments for impairment

496

Registration document 2018