GROUPAMA / 2019 Universal Registration Document
7 FINANCIAL STATEMENTS Consolidated financial statements and notes
31.12.2018
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 of euros)
Earnedpremiums
3,426 4,596
8,023 1,620 759
2,379 10,402
Net bankingincome, net of cost of risk
153
153
153
Investmentincome
142 1,785
(24)
1,903
100 121
3 223 2,126
Investmentexpenses
(40)
(567)
3 (603)
(35)
(18)
(53)
(656)
Capital gains or losses from divestmentsnet of impairment and depreciationwrite-backs Change in fair value of financial instrumentsrecordedat fair value through income
46 257
107 410
2
18
20 431
(6)
(741)
17 (730)
(2)
(54)
(55)
(785)
Change in impairmenton investments
(3)
(3)
(1)
(3)
Total incomefromordinary businesses
3,569 5,331
153 100 9,153 1,685 825
3 2,514 11,667
Insurancepolicy servicingexpenses
(2,223)
(4,142)
(6,366)
(1,117)
(636)
(1,753)
(8,119)
Income on outwardreinsurance
128
70
198
39
3
42 240
Expenseson outwardreinsurance
(408)
(92)
(501)
(118)
(4)
(121)
(622)
Bankingoperatingexpenses
(104)
(104)
(104)
Policy acquisitioncosts
(487)
(367)
(854)
(339)
(104)
(443)
(1,297)
Administrativecosts
(257)
(153)
(409)
(89)
(41)
(130)
(540)
Other current operating income and expenses
(135)
(272)
4 (119)
(523)
(63)
(9)
(1)
(73)
(596)
CURRENTOPERATINGINCOME
186 374
53 (19)
595
(2)
35
2
34 629
Other operating income and expenses
(22)
(7)
22
(7)
(26)
2
(24)
(31)
OPERATINGINCOME
164 368
52
4 588
(28)
37
2
10 598
Financingexpenses
(85)
(85)
(85)
Share in income of related companies
(1)
(59)
(60)
5
5 (56)
Corporateincome tax
(69)
(105)
(18)
85 (107)
5
(5)
0 (107)
NET INCOMEFROMCONTINUING BUSINESSES
94 262
(24)
4 336
(18)
31
2
15 351
Net income from activitieseither discontinued or due to be discontinued
(20)
(20)
(20)
OVERALLNET INCOME
94 262
(24)
(17)
315
(18)
31
2
15 330
of which, non-controllinginterests
2
6
4
12
12
OF WHICH,NET INCOME (GROUPSHARE)
93 256
(24)
(21)
304
(18)
31
2
15 319
163
Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES
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