GROUPAMA / 2019 Universal Registration Document

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

Share of outward reinsurers and retrocessionaires in liabilities Note 12 related to insurance policies and financial contracts

31.12.2019

31.12.2018

France

International

Total

France

International

Total

(in millions ofeuros)

Share of reinsurersin non-life insurance reserves Reservesfor unearnedpremiums

12

21

32

11

16

27

Outstandingclaims reserves

1,027

85

1,112

961

80

1,041

Other underwritingreserves

351

1

352

354

1

355

Total

1,389

107

1,496

1,326

96

1,423

Share of reinsurersin life insurance reserves Life insurancereserves

28

2

30

23

2

26

Outstandingclaims reserves

18

2

21

23

3

25

Reservesfor profit-sharing

16

16

15

15

Other underwritingreserves Total

63

4

67

61

5

65

Share of reinsurersin financial contract reserves TOTAL

1,452

111

1,563

1,387

101

1,488

Change in the share of outward reinsurers and retrocessionaires in claims reserves 12.1 for non-life claims split by operating segment

31.12.2019

31.12.2018

France

International

Total

France

International

Total

(in millions ofeuros)

Share of reinsurersin opening reservesfor claims Portfoliotransfersand changes in scope of consolidation Share of reinsurers in total claims expense

961

80

1,041

1,082

87

1,169

342

46

389

164

24

188

Share of reinsurers in total payments

(277)

(39)

(316)

(285)

(25)

(311)

Foreign exchangevariation

(2)

(2)

(5)

(5)

SHAREOF REINSURERSIN CLOSINGRESERVESFOR CLAIMS

1,027

85

1,112

961

80

1,041

190

Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES