Groupama // Universal Registration Document 2022

7

FINANCIAL STATEMENTS Annual financial statements and notes

7.3.2 OPERATING INCOME STATEMENT

Outward reinsurance and retrocessions 2022 net transactions 2021 net transactions

Gross transactions

(in thousands of euros)

Earned premiums

3,062,712

717,038

2,345,674

2,277,008

Contributions

3,105,275

716,721

2,388,554

2,287,163

Change in unearned premiums

(42,563)

317

(42,880)

(10,155)

Income from allocated investments

83,492

0

83,492

41,785

Other underwriting income

1

0

1

0

Claims charges

(2,704,942)

(908,754)

(1,796,189)

(1,564,585)

Benefits and expenses paid

(1,987,105)

(324,772)

(1,662,332)

(1,429,312)

Charges from reserves for claims

(717,838)

(583,981)

(133,856)

(135,273)

Charges from other underwriting reserves

61,745

6,550

55,195

(18,569)

Profit sharing

0

0

0

25

Acquisition and administrative costs

(613,914)

(68,039)

(545,874)

(524,230)

Acquisition costs

(361,512)

0

(361,512)

(343,629)

Administrative costs

(252,402)

0

(252,402)

(240,722)

Commissions received from reinsurers

0

(68,039)

68,039

60,121

Other underwriting expenses

(169,357)

0

(169,357)

(165,197)

Change in the equalisation reserve

24,477

(719)

25,196

(12,924)

UNDERWRITING INCOME FROM NON ‑ LIFE INSURANCE

(255,786)

(253,924)

(1,863)

33,313

304

Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES