GROUPAMA / 2018 Registration document
7 FINANCIAL STATEMENTS
CONSOLIDATED FINANCIAL STATEMENTS AND NOTES
7.1.2
CONSOLIDATED INCOME STATEMENT
31.12.2018
31.12.2017
(in millions of euros)
Writtenpremiums
Note 33
10,477
10,154
Change in unearned premiums
(75)
(41)
Earned premiums
10,402
10,113
Net banking income, net of costof risk
153
143
Investment income
2,126
2,158
Investment expenses
(656)
(711)
Capital gains or losses from divestment of investments net of impairment anddepreciationwrite-backs
431
384
Change in fair value of financial instruments recorded at fair valuethroughincome
(785)
657
Change in impairment on investments
(3)
(10)
Note 34
Investment income net of expenses
1,112
2,479
Totalincomefromordinarybusinessactivities
11,667
12,735
Insurance policy servicing expenses
Note 35
(8,119)
(9,855)
Income on outward reinsurance
Note 36
240
535
Expenses on outward reinsurance
Note 36
(622)
(636)
Net outward reinsurance income and expenses
(8,501)
(9,956)
Banking operating expenses
(104)
(99)
Policyacquisition costs
Note 38
(1,297)
(1,250)
Administrative costs
Note 39
(540)
(530)
Other current operating income andexpenses
Note 40
(596)
(615)
Totalothercurrentincomeandexpenses
(11,038)
(12,451)
Currentoperating income
629
284
Other non-current operating income andexpenses
Note 41
(31)
(208)
Operating income
598
76
Financing expenses
Note 42
(85)
(88)
Sharein income of related companies
Note 11
(56)
(30)
Corporate income tax
Note 43
(107)
(6)
Net income from continuing business activities
351
(49) 136
Net income from discontinued or held-for-sale business activities
Note 3
(20)
OVERALL NET INCOME
330
87
of which, non-controlling interests
12
OF WHICH, NET INCOME (GROUPSHARE)
319
87
184
REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES
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