GROUPAMA / 2018 Registration document

7 FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS AND NOTES

Segment reporting by business

Note 1.2

31.12.2018

France

International

Property and casualty insurance

Banking and finance business Holding Total

Property and casualty insurance

Life and health insurance

Life and health insurance Holding Total

Total

(in millions of euros)

Earned premiums

3,426 4,596

8,023 1,620

759

2,379 10,402

Net banking income, net of costof risk

153

153

153

Investment income

142 1,785

(24)

1,903

100

121

3 223 2,126

Investment expenses

(40)

(567)

3 (603)

(35)

(18)

(53)

(656)

Capital gains or losses from divestment of investments net of impairment and depreciationwrite-backs Change in fair value of financial instruments recordedat fair valuethroughincome

46

257

107 410

2

18

20 431

(6)

(741)

17 (730)

(2)

(54)

(55)

(785)

Change in impairment on investments

(3)

(3)

(1)

(3)

Totalincomefromordinarybusiness activities

3,569 5,331

153

100 9,153 1,685

825

3 2,514 11,667

Insurance policy servicing expenses

(2,223)

(4,142)

(6,366)

(1,117)

(636)

(1,753) (8,119)

Income on outward reinsurance

128

70

198

39

3

42 240

Expenses on outward reinsurance

(408)

(92)

(501)

(118)

(4)

(121)

(622)

Banking operating expenses

(104)

(104)

(104)

Policyacquisition costs

(487)

(367)

(854)

(339)

(104)

(443) (1,297)

Administrative costs

(257)

(153)

(409)

(89)

(41)

(130)

(540)

Other current operating income andexpenses

(135)

(272)

4 (119)

(523)

(63)

(9)

(1)

(73)

(596)

CURRENT OPERATING INCOME

186

374

53

(19)

595

(2)

35

2

34 629

Other operating income andexpenses

(22)

(7)

22

(7)

(26)

2

(24)

(31)

OPERATING INCOME

164

368

52

4 588

(28)

37

2

10 598

Financing expenses

(85)

(85)

(85)

Sharein income of related companies

(1)

(59)

(60)

5

5 (56)

Corporate income tax

(69)

(105)

(18)

85 (107)

5

(5)

0 (107)

NET INCOMEFROM CONTINUING BUSINESS ACTIVITIES Net income from discontinued or held-for-sale businessactivities

94

262

(24)

4 336

(18)

31

2

15 351

(20)

(20)

(20)

TOTAL NET INCOME

94

262

(24)

(17)

315

(18)

31

2

15 330

of which, non-controlling interests

2

6

4

12

12

OF WHICH, NET INCOME (GROUP SHARE)

93

256

(24)

(21)

304

(18)

31

2

15 319

206

REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES