GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

1.2

Segment reporting by business

31.12.2020

France

International

Property and casualty insurance

Banking and finance business

Property and casualty insurance

Life and health insurance

Holding company business

Life and health insurance

Holding company business

Total

Total

Total

(in millions of euros)

3,392 4,876

8,268 1,457 696

2,153 10,421

Earned premiums

Net banking income, net of cost of risk

162

162

162

Investment income

118 1,579

(16)

1,681

105 115

3 223 1,904

Investment expenses

(57)

(493)

27 (523)

(44)

(20)

(64)

(588)

Capital gains or losses from divestments net of impairment and depreciation write-backs

2 251

(19)

234

(1)

7

7 241

Change in fair value of financial instruments recorded at fair value through income

(2)

381

23 402

(1)

2

1 402

Change in impairment on investments

(29)

(11)

(40)

(8)

(1)

(9)

(49)

Total income from ordinary business activities

3,453 6,565

162

4 10,183 1,509 798

3 2,309 12,493

Insurance policy servicing expenses

(2,391)

(5,451)

(7,843)

(984)

(629)

(1,614)

(9,456)

Income on outward reinsurance

507

91

598

32

2

34 632

Expenses on outward reinsurance

(470)

(118)

(589)

(52)

(3)

(56)

(644)

Banking operating expenses

(107)

(107)

(107)

Policy acquisition costs

(494)

(423)

(916)

(320)

(95)

(416)

(1,332)

Administrative costs

(266)

(190)

(457)

(86)

(37)

(123)

(580)

Other current operating income and expenses

(140)

(203)

4 (148)

(487)

(102)

(19)

(1)

(122)

(609)

CURRENT OPERATING INCOME

198 270

59 (144)

383

(4)

16

1

13 396

Other operating income and expenses

(60)

(27)

71 (15)

(102)

(21)

(123)

(139)

OPERATING INCOME

138 243

60 (73)

368 (106)

(5)

1 (110)

258

(4)

(69)

(74)

(1)

(2)

(75)

Financing expenses

Share in income of related companies

(50)

(50)

(10)

(10)

(60)

Corporate income tax

(58)

(96)

(17)

98 (73)

1

1

(73)

NET INCOME FROM CONTINUING OPERATIONS Net income from activities either discontinued or due to be discontinued TOTAL NET INCOME

76 146

(8)

(44)

171 (116)

(6)

1 (121)

50

76 146

(8)

(44)

171 (116)

(6)

1 (121)

50

of which, non-controlling interests

1

1

1

OF WHICH, NET INCOME (GROUP SHARE)

76 145

(8)

(44)

170 (116)

(6)

1 (121)

49

170

Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES