GROUPAMA / 2018 Registration document

FINANCIAL STATEMENTS ANNUAL FINANCIAL STATEMENTS AND NOTES

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Liabilities

31.12.2018

31.12.2017

(in thousands of euros)

Group’s equity

Note 9

3,390,139 3,617,879

3,196,295

Initial capital

0

Sharecapital

0

2,088,305

Conversion difference

(393,042)

0

Additionalpaid-incapital

0

401,747

Other reserves

0

168,923

Retainedearnings

0

18,457

Net income for fiscal year

165,302

518,863

Subordinated liabilities

Note 10

2,732,516

2,236,138

Gross technical reserves

Note 11

5,956,958

6,124,399

Reserves forunearned premiums

343,244

331,614

Reserves forclaims (Non-Life)

4,360,719

4,427,311

Reserves forprofit sharing andrebates(Non-Life)

196

266

Equalisation reserves

123,461

197,725

Other technical reserves(Non-Life)

1,129,338

1,167,483

Reserves (other thanunderwriting)

Note 12

75,151

103,452

Payables forcashdeposits received from outward reinsurers andretrocessionaires representing technical commitments

7

157,693

247,748

Other liabilities:

Note 13

1,805,923

1,909,071

Debtsarising fromdirectinsurance operations

3,428

61,356

Debtsrelatingto reinsurance transactions

269,751

258,914

Bonds (including convertible bonds)

567,930

567,134

Debt tocredit institutions

0

0

Other debts

964,814

1,021,667

Accruals – Liabilities

Note 14

7,579

12,002

Unrealised foreign exchangeadjustments

0

TOTAL LIABILITIES

14,125,959

13,829,105

291

REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES