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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