GROUPAMA / 2019 Universal Registration Document

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

1.2

Segment reporting by business

31.12.2019

France

International

Property and casualty insurance

Life and health insurance

Banking and finance

Property and casualty insurance

Life and health insurance Holding

business Holding

Total

Total

Total

(in millions ofeuros)

Earnedpremiums

3,516 4,703

8,219 1,548 720

2,268 10,487

Net bankingincome, net of cost of risk

153

153

153

Investmentincome

122 1,711

5 1,837

108 115

4 227 2,064

Investmentexpenses

(57)

(515)

(3)

(575)

(36)

(19)

(55)

(630)

Capital gains or losses from divestmentsnet of impairment and depreciationwrite-backs Change in fair value of financial instrumentsrecordedat fair value through income

35 538

13 586

10

6

16 602

(4)

1,380

(3)

1,373

72

72 1,445

Change in impairmenton investments

(1)

(1)

(1)

(1)

(2)

(3)

Total incomefromordinary businesses

3,612 7,817

153

10 11,592 1,629 893

4 2,526 14,117

Insurancepolicy servicingexpenses

(2,198)

(6,378)

(8,575)

(1,262)

(722)

(1,984) (10,559)

Income on outwardreinsurance

306 100

406

48

2

51 457

Expenseson outwardreinsurance

(441)

(115)

(555)

(50)

(3)

(53)

(608)

Bankingoperatingexpenses

(104)

(104)

(104)

Policy acquisitioncosts

(515)

(446)

(961)

(327)

(100)

(428)

(1,388)

Administrativecosts

(260)

(247)

(507)

(93)

(41)

(134)

(640)

Other current operating income and expenses

(111)

(210)

5 (147)

(464)

(88)

(8)

(1)

(98)

(562)

CURRENTOPERATINGINCOME

393 522

54 (137)

833

(143)

21

3 (120)

713

Other operating income and expenses

(67)

(1)

(81)

(149)

(101)

(22)

(123)

(271)

OPERATINGINCOME

327 521

(27)

(138)

684

(244)

(1)

3 (242)

441

Financingexpenses

(3)

(93)

(97)

(1)

(1)

(98)

Share in income of related companies

(63)

(63)

(1)

(1)

(64)

Corporateincome tax

(162)

(162)

(16)

132 (208)

37

1

37 (171)

NET INCOMEFROMCONTINUING BUSINESSES

161 360

(106)

(99)

316

(209)

(1)

2 (208)

108

Net income from activitieseither discontinued or due to be discontinued

(3)

(4)

(4)

TOTALNET INCOME

158 360

(106)

(99)

313

(209)

(1)

2 (208)

105

of which, non-controllinginterests

1

1

1

OF WHICH,NET INCOME (GROUPSHARE)

158 359

(106)

(99)

312

(209)

(1)

2 (208)

104

162

Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES