GROUPAMA / 2018 Registration document

7 FINANCIAL STATEMENTS

ANNUAL FINANCIAL STATEMENTS AND NOTES

7.3.2

OPERATING INCOME STATEMENT

Outward reinsurance and retrocessions

Gross transactions

Net transactions 2018

Net transactions 2017

(in thousands of euros)

Earned premiums

2,743,675

513,139

2,230,536

2,206,094

Premiums

2,755,383

513,669

2,241,714

2,337,704

Change in unearned premiums

(11,708)

(530)

(11,178)

(131,610)

Income fromallocated investments

57,405

0

57,405

271,020

Other underwriting income

0

0

0

7

Claims charges

(1,836,248)

(165,566)

(1,670,682)

(1,492,099)

Benefitsandexpenses paid

(1,901,441)

(317,965)

(1,583,476)

(734,755)

Charges from reserves for claims

65,193

152,399

(87,206)

(757,344)

Charges from other technical reserves

38,217

(4,901)

43,118

(94,493)

Profit sharing

0

0

0

(364)

Acquisition andadministrative costs

(563,614)

(35,530)

(528,084)

(477,309)

Acquisition costs

(351,843) (211,771)

0

(351,843) (211,771)

(318,458) (209,249)

Administrative costs

Commissions received fromreinsurers

(35,530)

35,530

50,398

Other underwriting expenses

(147,488)

(147,488)

(152,292)

Change in theequalisation reserve

74,264

(662)

74,926

(30,300)

OPERATING PROFIT FROM NON-LIFE INSURANCE

366,211

306,480

59,731

230,264

292

REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES