GROUPAMA / 2019 Universal Registration Document

7 FINANCIAL STATEMENTS Annual financial statements and notes

Liabilities ı

31.12.2019

31.12.2018

(in thousands ofeuros)

Group’sequity:

Note 9

3,701,838

3,390,138

Initial capital

3,617,879

3,617,879

Share capital Conversiondifference Additionalpaid-in capital Other reserves Retainedearnings

(353,043)

(393,043)

111,300

0

Net income for fiscal year

325,702

165,302

Subordinatedliabilities

Note 10

2,729,538

2,732,516

Gross technicalreserves:

Note 11

6,358,990

5,956,958

Reservesfor unearnedpremiums

359,982

343,244

Reservesfor claims (Non-Life)

4,719,413

4,360,719

Reservesfor profit sharing and rebates (Non-Life)

244

196

Equalisationreserves

139,609

123,461

Other technicalreserves (Non-Life)

1,139,742

1,129,337

Reserves(other than underwriting)

Note 12

65,949

75,151

Payablesfor cash depositsreceivedfromoutwardreinsurersand retrocessionaires representingtechnicalcommitments

148,426

157,693

Other liabilities:

Note 13

1,796,678

1,805,923

Debts arising from direct insuranceoperations

3,094

3,428

Debts relating to reinsurancetransactions

208,180

269,751

Bonds (includingconvertiblebonds)

595,651

567,930

Debt to credit institutions

0

0

Other debts

989,753

964,814

Accruals –Liabilities

Note 14

11,386

7,579

Unrealisedforeignexchangeadjustments

0

TOTALLIABILITIES

14,812,805

14,125,959

265

Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES