GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

Share of outward reinsurers and retrocessionaires in liabilities Note 11 related to insurance policies and financial contracts

31.12.2020

31.12.2019

France International

Total

France International

Total

(in millions of euros)

Share of reinsurers in non-life insurance reserves Reserves for unearned premiums

11

18

30

12

21

32

Outstanding claims reserves

1,266

69

1,334

1,027

85

1,112

Other technical reserves

350

1

351

351

1

352

Total

1,628

88

1,715

1,389

107

1,496

Share of reinsurers in life insurance reserves Life insurance reserves

33

2

34

28

2

30

Outstanding claims reserves

23

2

25

18

2

21

Reserves for profit sharing

16

16

16

16

Other technical reserves Total

72

4

76

63

4

67

Share of reinsurers in financial contract reserves TOTAL

1,700

91

1,791

1,452

111

1,563

Change in the share of outward reinsurers and retrocessionaires in claims reserves 11.1 for non-life claims split by operating segment

31.12.2020

31.12.2019

France International

Total

France International

Total

(in millions of euros)

1,027

85

1,112

961

80

1,041

Share of reinsurers in opening reserves for claims

Portfolio transfers and changes in scope of consolidation Share of reinsurers in total claims expense

521

38

559

342

46

389

Share of reinsurers in total payments

(282)

(48)

(330)

(277)

(39)

(316)

Foreign exchange variation

(7)

(7)

(2)

(2)

SHARE OF REINSURERS IN CLOSING RESERVES FOR CLAIMS

1,266

69

1,334

1,027

85

1,112

197

Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES