GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

Policy acquisition costs Note 39

Policy acquisition costs – by operating segment 39.1

31.12.2020

31.12.2019

France

International

Total

France

International

Total

(in millions of euros)

Commissions

(664)

(325)

(989)

(701)

(332)

(1,033)

Change in deferred acquisition costs

1

3

4

1

1

3

Other expenses

(254)

(94)

(347)

(261)

(96)

(357)

TOTAL

(916)

(416)

(1,332)

(961)

(428)

(1,388)

Policy acquisition costs – by business 39.2 Policy acquisition costs by business – France 39.2.1

31.12.2020

31.12.2019

Property and casualty insurance

Property and casualty insurance

Life and health insurance

Life and health insurance

Total

Total

(in millions of euros)

Commissions

(429)

(235)

(664)

(450)

(251)

(701)

2

(1)

1

1

1

Change in deferred acquisition costs

Other expenses

(66)

(188)

(254)

(66)

(195)

(261)

TOTAL

(494)

(423)

(916)

(515)

(446)

(961)

Policy acquisition costs by business – International 39.2.2

31.12.2020

31.12.2019

Property and casualty insurance

Property and casualty insurance

Life and health insurance

Life and health insurance

Total

Total

(in millions of euros)

Commissions

(250)

(75)

(325)

(256)

(77)

(332)

Change in deferred acquisition costs

3

(1)

3

3

(2)

1

Other expenses

(73)

(20)

(94)

(74)

(22)

(96)

TOTAL

(320)

(95)

(416)

(327)

(100)

(428)

233

Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES