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