GROUPAMA / 2018 Registration document

FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS AND NOTES

31.12.2017

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

3,382 4,251

7,633 1,652

828

2,480 10,113

Net banking income, net of costof risk

143

143

143

Investment income

126 1,787

13 1,926

100

130

3 233 2,158

Investment expenses

(38)

(621)

4 (655)

(40)

(16)

(56)

(711)

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

36

260

68 364

14

7

21

384

3

600

23 626

4

27

31

657

Change in impairment on investments

(1)

(9)

(1)

(10)

(10)

Totalincomefromordinarybusiness activities

3,508 6,268

143

107 10,026 1,729

977

3 2,709 12,735

Insurance policy servicing expenses

(2,565)

(5,475)

(8,040)

(1,060)

(754)

(1,814)

(9,855)

Income on outward reinsurance

429

76

505

27

3

30

535

Expenses on outward reinsurance

(397)

(94)

(491)

(142)

(3)

(145)

(636)

Banking operating expenses

(99)

(99)

(99)

Policyacquisition costs

(472)

(342)

(814)

(328)

(109)

(437)

(1,250)

Administrative costs

(252)

(133)

(386)

(97)

(47)

(144)

(530)

Other current operating income andexpenses

7

(145)

(279)

4 (121)

(541)

(63)

(8)

(3)

(74)

(615)

CURRENT OPERATING INCOME

106

21

48

(14)

161

66

58

0 124

284

Other operating income andexpenses

(56)

(14)

(1)

(57)

(129)

(61)

(18)

(79)

(208)

OPERATING INCOME

50

6

46

(71)

31

5

41

0

45

76

Financing expenses

(88)

(88)

(88)

Sharein income of related companies

(2)

(35)

(37)

7

7

(30)

Corporate income tax

(35)

4

(15)

62

16

(11)

(11)

(23)

(6)

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

13

10

(3)

(97)

(78)

0

29

0

29

(49)

17

108 125

11

12

136

OVERALL NET INCOME

13

27

(3)

11

47

11

30

0

41

87

of which, non-controlling interests

2

(2)

OF WHICH, NET INCOME (GROUP SHARE)

12

25

(3)

13

47

11

29

0

41

87

207

REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES