GROUPAMA / 2019 Universal Registration Document

7 FINANCIAL STATEMENTS Annual financial statements and notes

7.3.2

OPERATING INCOME STATEMENT

Outwardreinsurance and retrocessions

2019 net transactions

2018 net transactions

Gross transactions

(in thousands ofeuros)

Earnedpremiums

2,849,717

554,813

2,294,903

2,230,536

Premiums

2,866,480

556,024

2,310,456

2,241,714

Change in unearnedpremiums

(16,763)

(1,211)

(15,552)

(11,178)

Incomefromallocatedinvestments

279,442

0

279,442

57,405

Other underwritingincome Claimscharges

(2,016,610)

(341,066)

(1,675,544)

(1,670,683)

Benefitsand expensespaid

(1,658,400)

(307,945)

(1,350,455)

(1,583,477)

Chargesfrom reservesfor claims

(358,209)

(33,121)

(325,089)

(87,206)

Chargesfromother technicalreserves

(10,452)

451

(10,903)

43,118

Profit sharing

0

0

0

0

Acquisitionand administrativecosts

(579,683)

(61,963)

(517,720)

(528,083)

Acquisitioncosts

(351,705)

11

(351,717)

(351,843)

Administrativecosts

(227,978)

0

(227,978)

(211,771)

Commissionsreceivedfrom reinsurers

0

(61,974)

61,974

35,532

Other underwritingexpenses

(192,081)

0

(192,081)

(147,488)

Changein the equalisationreserve

(16,147)

(651)

(15,497)

74,926

UNDERWRITINGINCOMEFROM NON-LIFEINSURANCE

314,186

151,585

162,601

59,731

266

Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES