BPCE - 2018 Registration document

FINANCIAL REPORT IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2018

Transition between the presentation applicable to insurance companies and to banks 9.2.2 The statement shown below provides a transition between the consolidation and their translation into the financial statements of financial statements of insurance companies included in the scope of Groupe BPCE in accordance with the presentation applicable to banks.

Banking format 2018-12

NBI

Other items of net banking income (excluding net income from insurance businesses)

Net income from insurance businesses*

Insurance format 2018-12

Gross operating income

Insurance format 2017-12

Operating expenses

Other items

in millions of euros Earned premiums

14,401

(68)

14,333

14,333

14,033

Revenues or income from other activities

187

65

252

(34)

218

246

Other operating income

14

14

33

47

47

Net financial income before finance costs TOTAL REVENUE FROM ORDINARY ACTIVITIES

572

30

(14)

588

1

589

2,824

15,160 (12,110)

27 93

15,187 (12,149)

15,187 (12,148)

17,150 (14,035)

Claims and benefits expenses Expenses from other activities

(132)

1

(13)

(13) (31)

(13) (33)

(331)

Net income from reinsurance cessions

(28)

(3)

(2)

(36)

Policy acquisition costs Administrative expenses

26

(804) (480)

(221) (350)

(999) (830)

(999) (830)

(978) (784)

Other operating/recurring income and expenses TOTAL OTHER RECURRING INCOME AND EXPENSES

5

(75)

(289)

(364)

(2)

(366)

(327)

(12,112)

(1,269) (1,242)

(1,005) (1,005)

(14,386)

(3) (3)

(14,389)

(16,491)

OPERATING INCOME

3,048

801

798

659

Net income from insurance businesses does not include income from the Prêt Viager Hypothécaire, a reverse mortgage for seniors offered by CFF. *

INFORMATION TO BE PROVIDED ON THE TEMPORARY EXEMPTION OF INSURANCE BUSINESSES 9.3 FROM IFRS 9

Change in fair value over the period

Fair value

in millions of euros

SPPI financial assets Other financial assets

44,997

(1,317)

5,927

(218)

TOTAL*

50,925

(1,535)

Excluding UCITS classified as available-for-sale assets for €5,067 million at December 31, 2018 *

This table does not include financial assets recognized at fair value through profit of loss or reinsurance activities.

Carrying amount*

Fair value

in millions of euros

SPPI financial assets

1,689 1,689

1,710 1,710

TOTAL

*

Before value adjustments for impairment

343

Registration document 2018