Groupama // 2021 Universal Registration Document

7 FINANCIAL STATEMENTS Combined financial statements and notes

Policy acquisition costs Note 39

Policy acquisition costs ‒ by operating segment 39.1

31.12.2021

31.12.2020

France International

Total

France International

Total

(in millions of euros)

Commissions

(429)

(353)

(782)

(431)

(325)

(756)

Change in deferred acquisition costs

(3)

20

17

4

3

6

Other expenses

(1,180)

(89)

(1,269)

(1,121)

(94)

(1,214)

TOTAL

(1,612)

(423)

(2,034)

(1,548)

(416)

(1,964)

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

31.12.2021

31.12.2020

Property and casualty insurance

Property and casualty insurance

Life and health insurance

Life and health insurance

Total

Total

(in millions of euros)

Commissions

(324)

(105)

(429)

(324)

(106)

(431)

Change in deferred acquisition costs

(5)

2

(3)

3

1

4

Other expenses

(625)

(555)

(1,180)

(608)

(513)

(1,121)

TOTAL

(954)

(658)

(1,612)

(929)

(619)

(1,548)

Policy acquisition costs by business ‒ International 39.2.2

31.12.2021

31.12.2020

Property and casualty insurance

Property and casualty insurance

Life and health insurance

Life and health insurance

Total

Total

(in millions of euros)

Commissions

(273)

(80)

(353)

(250)

(75)

(325)

Change in deferred acquisition costs

20

20

3

(1)

3

Other expenses

(70)

(19)

(89)

(73)

(20)

(94)

TOTAL

(323)

(99)

(423)

(320)

(95)

(416)

234

Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES