GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

1 OVERVIEW OF THE GROUP Key figures

CONSOLIDATED SCOPE/COMBINED SCOPE DATA RECONCILIATION

1.3.3

Premium income ı

2020

2019

(in millions of euros)

Consolidated premium income/revenue

10,628

10,657

Premium income/revenue - regional mutuals

6,050

5,928

Internal transactions/operations:

Groupama Assurances Mutuelles

(2,222)

(2,193)

Groupama Gan Vie

(8)

(8)

Groupama Asset Management

(3)

(3)

Combined premium income/revenue

14,445

14,381

Net income ı

2020

2019

(in millions of euros)

Consolidated net income

49

104

Net income - regional mutuals

150

239

Net income - Groupama Assurances Mutuelles

(22)

16

Net income - Amaline

0

(14)

Consolidated net income

177

345

1.3.4

ALTERNATIVE PERFORMANCE

The combined ratio is the sum of the all-years loss experienceand the rate of operating costs. The all-years net loss experience is the ratio between underwriting expenses for all years, gross of reinsurance, plus the reinsurance balance and earned premiums, gross of reinsurance. The rate of operating costs is the ratio between operating general expenses and earned premiums, gross of reinsurance. The combined non-life ratio relates to the non-life business.

INDICATORS (API)

The economic operating income and the combined non-life ratio are alternative performance indicators (“API”) in the light of the ESMA guidelines and the AMF position published in 2015. These alternativeperformanceindicatorsare used by the Group to analyse operational developments, the financial performance and financial situationof the Group and provide investorswith additional informationdeemed useful and relevant with regard to the Group’s results. 1.3.4.1 Definitions Economic operating income equals net income adjusted for realised capital gains and losses, long-term impairment provision allocations and write-backs,and unrealisedcapital gains and losses on financial assets recognisedat fair value (all such items are net of profit sharing and corporate income tax). Also adjusted are non-recurring items net of corporate income tax, impairment of value of business in force, impairmentof goodwill (net of corporate income tax), and external financing expenses.

10 Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES