GROUPAMA / 2019 Universal Registration Document
7 FINANCIAL STATEMENTS Consolidated financial statements and notes
Deferred profit sharing liabilities Note 29
31.12.2019
31.12.2018
France International
Total
France International
Total
(in millions ofeuros)
Reservefor deferredprofit sharing of insurancepolicies
5,369
11
5,380
3,746
10
3,757
Reservefor deferredprofit sharing of financialcontracts
115
115
47
47
TOTAL
5,369
126
5,494
3,746
57
3,804
The rate of deferred profit sharing is determined entity by entity (based on regulatory requirements).It is based on the real rate of sharing of investment income between policyholders and shareholders and corresponds to the average real rates over the past three years. This average prevents the inclusion of non-recurring,atypicalfactors in the calculation.
In the specific case of Groupama Gan Vie, the deferred profit sharing rate is now determined using a prospective sharing rate method based on three-year business plans. It should be noted that this new method yields a result very close to what the method based on the average of the last three years would have given. The rates used in France at 31 December2019 fall within a bracket of between 77.63% and 87.60%, with 78.59% for GroupamaGan Vie.
Debts arising from insurance or inward reinsurance transactions Note 30
31.12.2019
31.12.2018
<1 year 1 to 5 years >5 years
Total
<1 year 1 to 5 years >5 years
Total
(in millions ofeuros)
Policyholders,intermediaries, and other third parties
694
1
695
627
2
629
Co-insurers
50
50
91
91
Current accountsfor ceding and retrocedingcompaniesand other debts on inwardreinsuranceoperations
81
4
85
113
113
TOTAL
826
5
831
830
2
832
Debts arising from outward reinsurance transactions Note 31
31.12.2019
31.12.2018
<1 year 1 to 5 years >5 years
Total
<1 year 1 to 5 years >5 years
Total
(in millions ofeuros)
Outwardreinsurerand retrocessionaire current accounts (1) Other debts on ceded reinsurance transactions
215
59
274
270
12
282
79
79
90
1
91
TOTAL
293
59
352
361
13
374
Includingcash depositsreceived from reinsurers. (1)
212
Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES
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