GROUPAMA / 2018 Registration document

7 FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS AND NOTES

Breakdown of liabilities related to financial contracts – by major category Note 26.2

31.12.2018

31.12.2017

Gross outstanding claims reserves

Gross outstanding claims reserves

Life financial contract reserves

Life financial contract reserves

Total

Total

(in millions of euros)

Single-premium policies Capitalisation

451

4

455

452

4

456

Individual insurance

11,083

82

11,165

11,864

84

11,948

Grouppolicies

85

85

73

73

Other Total reserves for single-premium policies

11,619

86

11,705

12,388

88

12,477

Periodic-premium policies Capitalisation

46

7

54

55

7

62

Individual insurance

276

12

287

281

13

294

Grouppolicies

265

265

228

228

Other

3

3

3

3

Total reserves for periodic premium policies

590

19

609

567

20

587

Inward reinsurance

TOTAL LIFE INSURANCE RESERVES

12,209

105

12,315

12,956

108

13,064

CHANGE IN ACTUARIAL RESERVES FOR LIFE INSURANCE POLICIES NOTE 27 AND FINANCIAL CONTRACTS – BY OPERATING SEGMENT

31.12.2018

31.12.2017

France International

Total

France International

Total

(in millions of euros)

OPENING ACTUARIAL RESERVES

42,864

2,614

45,478

43,597

2,917

46,514

Premiums for the year

1,749

260

2,009

1,730

307

2,037

Interest credited

242

30

271

225

35

260

Profitsharing

739

23

762

684

23

707

Terms

(346)

(97)

(443)

(359)

(136)

(494)

Redemptions

(1,299)

(155)

(1,454)

(1,448)

(154)

(1,602)

Annuity arrears

(591)

(1)

(593)

(550)

(1)

(551)

Death benefits

(967)

(29)

(996)

(1,005)

(22)

(1,027)

Other movements including transfers

(264)

(14)

(279)

(11)

(355)

(366)

CLOSING ACTUARIAL RESERVES

42,127

2,630

44,756

42,864

2,614

45,478

256

REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES