Groupama // 2021 Universal Registration Document

7 FINANCIAL STATEMENTS Annual financial statements and notes

7.3.2

OPERATING INCOME STATEMENT

Outward reinsurance and retrocessions

2021 net transactions

2020 net transactions

Gross transactions

(in thousands of euros)

Earned premiums

2,889,264

612,257

2,277,008

2,175,072

Premiums

2,898,144

610,981

2,287,163

2,201,309

Change in unearned premiums

(8,879)

1,276

(10,155)

(26,237)

Income from allocated investments

41,785

0

41,785

158,936

Other underwriting income Claims charges

(1,882,581)

(317,995)

(1,564,585)

(1,662,882)

Benefits and expenses paid

(1,715,949)

(286,636)

(1,429,312)

(1,474,570)

Charges from reserves for claims

(166,632)

(31,359)

(135,273)

(188,313)

Charges from other underwriting reserves

(24,756)

(6,187)

(18,569)

(15,636)

Profit sharing

25

0

25

(1,364)

Acquisition and administrative costs

(584,351)

(60,121)

(524,230)

(498,311)

Acquisition costs

(343,629)

0

(343,629)

(337,975)

Administrative costs

(240,722)

0

(240,722)

(227,604)

Commissions received from reinsurers

0

(60,121)

60,121

67,268

Other underwriting expenses

(165,197)

0

(165,197)

(188,323)

Change in the equalisation reserve

(13,619)

(695)

(12,924)

(20,402)

Underwriting income from Non-Life insurance

260,571

227,258

33,313

(52,910)

268

Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES