GROUPAMA / 2018 Registration document

7 FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS AND NOTES

Costs by category 3.15 Managementfees and commissionsrelated to insurance business are classified according to their purpose, by applying allocation keys defined based on the structure and organisation of each of the insurance entities. Expenses are classified into the following six purposes: acquisitioncosts; ❯ administrativecosts; ❯

Property and casualty insurance Property and casualty insurance covers, by default, all the Group’s other insurance businesses. Banking and finance business The banking and finance business relates to distributionof banking products, including fund management activities, real estate management, private equity and employee savings. Holding company activity This mainly comprises income and expenses arising from managing the Group and holding the shares of the companies included in the Groupama Assurances Mutuelles scope of consolidation.

claims settlementcosts; ❯ investment expenses; ❯ other technical expenses; ❯ non-technical expenses. ❯

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REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES