Groupama // Universal Registration Document 2022

7

FINANCIAL STATEMENTS Combined financial statements and notes

Note 40 Policy acquisition costs

40.1 Policy acquisition costs – by operating segment

31.12.2022

International

France International

Total

France International

Total

(in millions of euros)

Commissions

(505)

(357)

(862)

(429)

(353)

(782)

Change in deferred acquisition costs

(13)

6

(7)

(3)

20

17

Other expenses

(1,168)

(95)

(1,262)

(1,180)

(89)

(1,269)

TOTAL

(1,686)

(446)

(2,131)

(1,612)

(423)

(2,034)

40.2 Policy acquisition costs – by business 40.2.1 Policy acquisition costs by business – France

31.12.2022

31.12.2021

Property and casualty insurance

Life and health insurance

Property and casualty insurance

Life and health insurance

Total

Total

(in millions of euros)

Commissions

(368)

(137)

(505)

(324)

(105)

(429)

Change in deferred acquisition costs

(13)

(13)

(5)

2

(3)

Other expenses

(620)

(547)

(1,168)

(625)

(555)

(1,180)

TOTAL

(988)

(698)

(1,686)

(954)

(658)

(1,612)

40.2.2 Policy acquisition costs by business – International

31.12.2022

31.12.2021

Property and casualty insurance

Life and health insurance

Property and casualty insurance

Life and health insurance

Total

Total

(in millions of euros)

Commissions

(274)

(83)

(357)

(273)

(80)

(353)

Change in deferred acquisition costs

5

6

20

20

Other expenses

(73)

(22)

(95)

(70)

(19)

(89)

TOTAL

(342)

(104)

(446)

(323)

(99)

(423)

268

Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES