UNIVERSAL REGISTRATION DOCUMENT 2023

7 FINANCIAL STATEMENTS Annual financial statements and notes

7.3.2 OPERATING INCOME STATEMENT

Outward reinsurance and retrocessions

Net transactions 12/2023

Net transactions 12/2022

Gross transactions

(in thousands of euros)

Earned premiums

3,371,555

805,904

2,565,652

2,345,674

Contributions

3,367,772

806,016

2,561,756

2,388,554

Change in unearned premiums

3,783

(113)

3,896

(42,880)

Income from allocated investments

111,216

0

111,216

83,492

Other underwriting income

0

0

0

1

Claims charges

(2,400,772)

(690,789)

(1,709,983)

(1,796,189)

Benefits and expenses paid

(2,150,317)

(658,101)

(1,492,216)

(1,662,332)

Charges from reserves for claims

(250,455)

(32,688)

(217,767)

(133,856)

Charges from other underwriting reserves

72,818

21,604

51,214

55,195

Profit sharing

0

0

0

0

Acquisition and administrative costs

(682,445)

(70,865)

(611,580)

(545,874)

Acquisition costs

(409,556)

0

(409,556)

(361,512)

Administrative costs

(272,890)

0

(272,890)

(252,402)

Commissions received from reinsurers

0

(70,865)

70,865

68,039

Other underwriting expenses

(184,629)

0

(184,629)

(169,357)

Change in the equalisation reserve

5,296

(821)

6,117

25,196

293,040

65,033

228,007

(1,863)

UNDERWRITING INCOME FROM NON ‑ LIFE INSURANCE

319

Document d’Enregistrement Universel 2023 GROUPAMA ASSURANCES MUTUELLES