Groupama // 2021 Universal Registration Document

7 FINANCIAL STATEMENTS Combined financial statements and notes

1.2

Segment reporting by business

31.12.2021

France

International

Total

Property and casualty insurance

Property and casualty insurance

Life and health insurance

Financial sector business

Life and health insurance

Holding company

Holding company

Total

Total

(in millions of euros)

Earned premiums

5,899 7,057

12,955 1,439

717

2,156 15,111

Net banking income, net of cost of risk

195

195

195

Investment income

213 1,747

(13)

1,948

107

104

3

214 2,162

Investment expenses

(107)

(604)

27 (684)

(50)

(22)

(73)

(757)

Capital gains or losses from divestments net of impairment and depreciation write-backs Change in fair value of financial instruments recorded at fair value through income

91

280

(4)

367

12

9

22

389

19 1,329

11 1,359

1

73

74 1,433

Change in impairment on investments

(8)

(7)

(7)

(22)

(1)

(1)

(23)

Total income from ordinary business activities

6,106 9,802

195

15 16,118 1,508

880

2 2,391 18,509

Insurance policy servicing expenses

(4,072)

(8,167)

(12,238)

(948)

(699)

(1,647) (13,885)

Income on outward reinsurance

148

113

261

32

(1)

32

293

Expenses on outward reinsurance

(356)

(127)

(483)

(62)

(3)

(65)

(548)

Operating expenses for financial sector businesses

(114)

(114)

(114)

Policy acquisition costs

(954)

(658)

(1,612)

(323)

(99)

(423)

(2,034)

Administrative costs

(225)

(177)

(402)

(91)

(37)

(128)

(530)

Other current operating income and expenses

(352)

(264)

5 (129)

(740)

(101)

(13)

(1)

(115)

(855)

CURRENT OPERATING INCOME

297

523

86 (115)

791

16

28

1

45

836

Other operating income and expenses

(26)

5

(32)

(53)

(5)

(1)

(6)

(59)

OPERATING INCOME

271

528

86 (147)

738

11

27

1

39

777

Financing expenses

(5)

(1)

(71)

(76)

(1)

(1)

(2)

(78)

Share of results of associates and joint ventures under the equity method

(22)

(22)

6

6

(16)

Corporate income tax

(89)

(151)

(24)

81 (183)

(4)

(3)

(7)

(190)

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

178

376

62 (159)

457

13

23

1

37

494

178

376

62 (159)

457

13

23

1

37

494

of which, non-controlling interests

1

1

1

OF WHICH, NET INCOME (GROUP SHARE)

178

375

62 (159)

455

13

23

1

37

493

170

Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES