GROUPAMA / 2018 Registration document

1 OVERVIEW OF THE GROUP KEY FIGURES

1.2.3

TIES BETWEEN THE VARIOUS

Relations between the regional mutuals and Groupama AssurancesMutuellesare governed by: an internal reinsuranceagreementbetween the regional mutuals ❯ and GroupamaAssurancesMutuelles with terms updated every year; a security and solidarity agreement between all the regional ❯ mutuals and Groupama Assurances Mutuelles (“agreement defining the security and solidarity mechanisms of the Caisses de Réassurance Mutuelle Agricole”). This agreement is described in more detail in Note 44 –  Related Parties – to the consolidated accounts and is the subject of a special report from the statutory auditors on regulated agreements and commitments (seesection 3.8).

GROUP ENTITIES

The subsidiaries are bound by capital ties. Subsidiaries indirectly and directly owned by Groupama Assurances Mutuelles are included in its consolidatedaccounts.Moreover, in exchange for a certain degree of operationalautonomy,each of the subsidiaries is subject to the requirements and obligations defined by the GroupamaAssurancesMutuellesenvironment,particularly in terms of control.

KEY FIGURES

1.3

1.3.1

CONSOLIDATED SCOPE OF GROUPAMA ASSURANCES MUTUELLES

The following table shows financial disclosures and ratios from the the application of international financial reporting standards, the GroupamaAssurancesMutuellesconsolidatedfinancial statements GroupamaAssurancesMutuellesconsolidatedfinancial statements for the fiscal years ended 31 December2016, 2017, and 2018. In have been prepared in accordance with the IFRS as adopted by accordancewith EC Regulation no 1606/2002of 19 July 2002 on the EuropeanUnion.

2018

2017

2016

(in millions of euros)

Premium income/revenue (1)

10,649

10,303

10,140

of which France insurance

7,939

7,548

7,357

of which International insurance

2,537

2,605

2,647

of which financialndbanking businesses

173

150

136

Combined non-life ratio (2)

100.1%

100.3%

103.6%

Economic operating income (3)

182

196

(32)

Net income, group share

319

87

79

Financial structure andsoundness Group’s equity, groupshare

5,274

5,257

5,613

TOTAL BALANCE SHEET

88,506

90,645

90,484

Insurance premiums written and income from financial businesses. (1) See glossary in this registration document (page 353). (2)

Economic operating income equals net income adjusted for realised capital gains and losses, long-term impairment increases and write-backs, and (3) unrealised capital gains and losses on financial assets recognised at fair value (all such items are net of profit sharing and corporate tax). Also adjusted are non-recurring items net of tax, impairment of value of business in force and impairment of goodwill (net of tax).

8 REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES