GROUPAMA / 2019 Universal Registration Document

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

Technical liabilities related to financial contracts Note 27

31.12.2019

31.12.2018

(in millions ofeuros)

Reserveson financialcontractswith discretionaryprofit sharing Life technicalreserves

11,653

12,209

Reservesfor unit-linkedpolicies

64

59

Outstandingclaims reserves

104

104

Reservesfor profit-sharing

239

223

Other underwritingreserves Total

12,061

12,596

Reserveson financialcontractswithoutdiscretionaryprofit sharing Life technicalreserve Reservesfor unit-linkedpolicies

165

148

Outstandingclaims reserves

1

1

Reservesfor profit-sharing Other underwritingreserves Total

166

148

TOTAL

12,227

12,744

Liabilities related to financial contracts (excluding unit-linked items) – 27.1 by operating segment

31.12.2019

31.12.2018

France

International

Total

France

International

Total

(in millions ofeuros)

Life financialcontractreserves

9,721

1,932

11,653

10,340

1,870

12,209

Outstandingclaims reserves

92

12

105

91

14

105

Profit-sharingreserves

239

239

223

223

Other underwritingreserves TOTAL

10,053

1,945

11,997

10,654

1,884

12,538

The decrease in underwriting reserves for life financial contracts is explained in particular by the transformation of the portfolio of single-componentcontracts(contracts in euros) into multi-component contracts.

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Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES