GROUPAMA / 2019 Universal Registration Document

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

Breakdown of liabilities related to financial contracts – by major category 27.2

31.12.2019

31.12.2018

Life financial contract reserves

Gross outstanding claimsreserves

Life financial contract reserves

Gross outstanding claimsreserves

Total

Total

(in millions ofeuros)

Single-premiumpolicies Capitalisation

464

2

465

451

4

455

Individual insurance

10,471

81

10,553

11,083

82

11,165

Group policies

94

94

85

85

Other Total reservesfor single-premiumpolicies

11,029

83

11,112

11,619

86

11,705

Periodicpremiumpolicies Capitalisation

45

9

54

46

7

54

Individual insurance

271

12

283

276

12

287

Group policies

305

305

265

265

Other

3

3

3

3

Total reservesfor periodicpremiumpolicies

624

22

646

590

19

609

Inward reinsurance TOTALLIFE INSURANCERESERVES

11,653

105

11,758

12,209

105

12,315

Change in actuarial reserves for life insurance policies Note 28 and financial contracts – by operating segment

31.12.2019

31.12.2018

France International

Total

France International

Total

(in millions ofeuros)

OPENINGACTUARIALRESERVES

42,127

2,630

44,756

42,864

2,614

45,478

Premiumsfor the year

1,832

265

2,097

1,749

260

2,009

Interest credited

239

28

267

242

30

271

Profit-sharing

598

21

618

739

23

762

Terms

(342)

(76)

(418)

(346)

(97)

(443)

Redemptions

(1,179)

(167)

(1,347)

(1,299)

(155)

(1,454)

Annuity arrears

(628)

(1)

(629)

(591)

(1)

(593)

Death benefits

(1,029)

(26)

(1,055)

(967)

(29)

(996)

Other movementsincludingtransfers

29

(4)

25

(264)

(14)

(279)

CLOSINGACTUARIALRESERVES

41,646

2,669

44,315

42,127

2,630

44,756

211 Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES