UNIVERSAL REGISTRATION DOCUMENT 2023

7 FINANCIAL STATEMENTS Annual financial statements and notes

Note 17 Operating income statement by source

31.12.2023

31.12.2022

RUN ‑ OFF and CDA

RUN ‑ OFF and CDA

Inward reinsurance

Inward reinsurance

Total

Total

(in thousands of euros)

Earned premiums

91,206 3,280,349 3,371,555

86,464 2,976,249 3,062,712

Claims expense

46,630 2,354,142 2,400,772

65,143 2,639,799 2,704,942

Charges from other underwriting reserves

6,195

66,623

72,818

20,977

40,768

61,745

Change in the equalisation reserve

90

5,206

5,296

53

24,424

24,477

Profit sharing

0

0

0

0

0

0

A- underwriting result

50,861

998,037 1,048,898

42,350

401,642

443,992

Acquisition costs

117

409,438

409,556

141

361,371

361,512

Administrative costs

0

272,890

272,890

0

252,402

252,402

Other underwriting costs and income

88

184,541

184,629

(51)

169,407

169,356

B- net acquisition and management expenses

205

866,869

867,074

90

783,181

783,270

C- allocated investment income

0

111,216

111,216

0

83,492

83,492

D- reinsurance result

24,583

40,450

65,033

24,049

(277,972)

(253,924)

UNDERWRITING RESULT (A ‑ B+C+D)

26,072

201,935

228,007

18,212

(20,075)

(1,863)

348

Universal Registration Document 2023 GROUPAMA ASSURANCES MUTUELLES