GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

7 FINANCIAL STATEMENTS Annual financial statements and notes

OPERATING INCOME STATEMENT

7.3.2

Cessions and retrocessions

2020 net transactions

2019 net transactions

Gross transactions

(in thousands of euros)

2,767,029

591,957

2,175,072

2,294,903

Earned premiums

Premiums

2,793,480

592,171

2,201,309

2,310,456

Change in unearned premiums

(26,451)

(214)

(26,237)

(15,552)

Income from allocated investments

158,936

0

158,936

279,442

Other underwriting income Claims charges

(2,165,764)

(502,882)

(1,662,882)

(1,675,544)

Benefits and expenses paid

(1,789,070)

(314,500)

(1,474,570)

(1,350,455)

Charges from reserves for claims

(376,694)

(188,382)

(188,313)

(325,089)

Charges from other technical reserves

(29,186)

(13,550)

(15,636)

(10,903)

Profit sharing

(1,364)

0

(1,364)

0

Acquisition and administrative costs

(565,590)

(67,280)

(498,311)

(517,720)

Acquisition costs

(337,987)

(11)

(337,975)

(351,717)

Administrative costs

(227,604)

0

(227,604)

(227,978)

Commissions received from reinsurers

0

(67,268)

67,268

61,974

Other underwriting expenses

(188,323)

0

(188,323)

(192,081)

Change in the equalisation reserve

(20,951)

(550)

(20,402)

(15,497)

UNDERWRITING INCOME FROM NON-LIFE INSURANCE

(45,213)

7,697

(52,910)

162,601

273

Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES