Groupama // Universal Registration Document 2022

7

FINANCIAL STATEMENTS Combined financial statements and notes

1.2 Segment reporting by business

31.12.2022

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

6,238 7,106

13,344 1,531 680

2,211 15,555

Net banking income, net of cost of risk

160

160

160

Investment income

272 1,723

(34)

1,961 107 105

212 2,173

Investment expenses

(117)

(581)

5 (692)

(44)

(18)

(63)

(755)

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

112 420

153 684

27

27 712

(37)

(2,004)

(2,041)

4 (127)

(123)

(2,165)

Change in impairment on investments

(12)

(10)

(5)

(27)

(1)

(3)

(3)

(31)

Total income from ordinary business activities

6,456 6,653 160 119 13,388 1,624 637

2,261 15,649

Insurance policy servicing expenses

(5,204)

(4,832)

(10,036)

(981)

(449)

(1,431) (11,466)

Income on outward reinsurance

776

78

855 103

4

107 962

Expenses on outward reinsurance

(434)

(87)

(521)

(124)

(5)

(129)

(651)

Operating expenses for financial sector businesses

(110)

(110)

(110)

Policy acquisition costs

(988)

(698)

(1,686)

(342)

(104)

(446)

(2,131)

Administrative costs

(251)

(200)

(451)

(102)

(33)

(135)

(586)

Other current operating income and expenses

(402)

(269)

6 (147)

(813)

(88)

(31)

(119)

(932)

CURRENT OPERATING INCOME

(47)

645

55 (28)

625

90

19

109 733

Other operating income and expenses

(11)

(5)

(4)

(19)

(16)

(3)

(18)

(38)

OPERATING INCOME

(58)

640

55 (32)

605

74

16

90 696

Financing expenses

(5)

(1)

(73)

(78)

(1)

(1)

(79)

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

8

8

8

Corporate income tax

13 (162)

(13)

35 (127)

(7)

(2)

(9)

(137)

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

(50)

478

42 (70)

400

75

14

88 488

(31)

(3)

(34)

(34)

TOTAL NET INCOME

(50)

478

42 (70)

400

43

10

54 454

of which, non ‑ controlling interests OF WHICH, NET INCOME (GROUP SHARE)

(50)

477

42 (70)

400

43

10

54 454

201

Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES