BPCE - 2018 Registration document

5 FINANCIAL REPORT

IFRS Consolidated Financial Statements of BPCE SA group as at December 31, 2018

Analysis of fair value hierarchy transfers

12/31/2018

Level 1

Level 2

Level 2

Level 3

From

Level 2

Level 1

Level 3

Level 2

To

in millions of euros

ASSETS Securities designated at fair value through profit or loss

2

1 1

Bonds

Shares and UCITS

2

Financial assets designated at fair value through profit or loss FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS

2

2 9 9

1

Other available-for-sale securities

75 56 19 75

603 603

1,526 1,506

Bonds

Shares and UCITS

20

AVAILABLE-FOR-SALE FINANCIAL ASSETS

9

603

1,526

9.1.1.7 Fair value of insurance business assets carried in the balance sheet at amortized cost The principles used to assess fair value are described in Note 10.

12/31/2018

Price quoted in an active market (Level 1)

Measurement techniques using observable data (Level 2)

Measurement techniques using unobservable data (Level 3)

Fair value

in millions of euros

383

Investments of loans and receivables due from credit institutions Investments of loans and receivables due from customers

4

379

12,759

47

12,712

1,505

Held-to-maturity investments

1,345 1,396

157

3 3

INSURANCE BUSINESS INVESTMENTS AT AMORTIZED COST 14,647

13,248

9.1.2

Liabilities related to insurance policies

12/31/2018

01/01/2018

in millions of euros

Technical reserves relating to insurance policies Technical reserves relating to unit-linked policies Technical reserves relating to insurance policies

45,772

38,908 10,256 49,164 20,227

9,845

55,617 20,118

Technical reserves relating to financial contracts with a discretionary profit sharing feature

Technical reserves relating to unit-linked financial contracts Technical reserves relating to financial contracts

3,951

3,974

24,069

24,201

Deferred profit-sharing liabilities*

2,115 9,724

3,275 9,530

Debts arising from insurance and assumed reinsurance activities

Debts arising from ceded reinsurance activities

141

181 183

Trading derivatives

7

Other liabilities

17

18

TOTAL LIABILITIES RELATED TO INSURANCE POLICIES

91,690

86,552

O/w €1,470 million in deferred profit sharing fully recognized in other comprehensive income. * The information required by IFRS 7 is presented for: financial assets at fair value through profit or loss in Note 5.2.2; ●

amounts due to credit institutions and customers in Note 5.10; ● debt securities in Note 5.11; ● subordinated debt in Note 5.14. ●

494

Registration document 2018