GROUPAMA / 2018 Registration document

7 FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS AND NOTES

POLICY ACQUISITION COSTS NOTE 38

Note 38.1

Policy acquisition costs – by operating segment

31.12.2018

31.12.2017

France International

Total

France International

Total

(in millions of euros)

Commissions

(614)

(351)

(965)

(588)

(345)

(933)

Change in deferred acquisition costs

(2)

3

1

(4)

(2)

(6)

Other expenses

(238)

(96)

(333)

(221)

(89)

(311)

TOTAL

(854)

(443)

(1,297)

(814)

(437)

(1,250)

Policy acquisition costs – by business Note 38.2 Policy acquisitioncostsby business –France Note 38.2.1

31.12.2018

31.12.2017

Property & casualty insurance

Property & casualty insurance

Life & health insurance

Life & health insurance

Total

Total

(in millions of euros)

Commissions

(419)

(195)

(614)

(409)

(179)

(588)

Change in deferred acquisition costs

(2)

(2)

2

(6)

(4)

Other expenses

(68)

(169)

(238)

(65)

(157)

(221)

TOTAL

(487)

(367)

(854)

(472)

(342)

(814)

Policy acquisitioncostsby business –International Note 38.2.2

31.12.2018

31.12.2017

Property & casualty insurance

Property & casualty insurance

Life & health insurance

Life & health insurance

Total

Total

(in millions of euros)

Commissions

(271)

(80)

(351)

(262)

(84)

(345)

Change in deferred acquisition costs

4

(1)

3

(1)

(1)

(2)

Other expenses

(72)

(23)

(96)

(65)

(24)

(89)

TOTAL

(339)

(104)

(443)

(328)

(109)

(437)

270

REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES