GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

1 OVERVIEW OF THE GROUP Key figures

Reconciliations 1.3.4.2 The reconciliation of economic operating income and the combined non-life ratio with the line of the financial statements of the corresponding period or its subtotal or the nearetsottal is presented in the tables below.

2020

2019

2018

Groupama combined scope

306

413

298

Economic operating income

Net capital gains realised (1)

118

354

351

Allocation to reserves for long-term impairment (1)

(32)

(71)

(7)

Gains or losses on financial assets recognised at fair value (1)

45

9

(25)

Other expenses and income

(85)

(110)

(109)

Financing expenses

(49)

(63)

(57)

Net income from discontinued business activities

0

(4)

(2)

Goodwill impairment

(125)

(183)

0

Net income

177

345

450

Consolidated scope of Groupama Assurances Mutuelles

2020

2019

2018

Economic operating income

185

234

182

Net capital gains realised (1)

70

297

287

Allocation to reserves for long-term impairment (1)

(22)

(67)

(3)

29

(9)

(2)

Gains or losses on financial assets recognised at fair value (1)

Other expenses and income

(38)

(102)

(86)

Financing expenses

(49)

(63)

(57)

Net income from discontinued business activities

0

(4)

(2)

Goodwill impairment

(125)

(183)

0

Net income

49

104

319

Amounts net of profit sharing and corporate tax. (1)

Groupama combined scope Non-life insurance

2020

2019

2018

All-years net loss experience

70.9%

69.5%

71.6%

Operating expense ratio

27.8%

27.5%

27.7%

Combined ratio

98.7%

97.0%

99.3%

Consolidated scope of Groupama Assurances Mutuelles Non-life insurance

2020

2019

2018

All-years net loss experience

71.1%

70.7%

72.5%

Operating expense ratio

28.6%

27.8%

27.6%

Combined ratio

99.8%

98.5%

100.1%

11 Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES