GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

Breakdown of liabilities related to financial contracts – by major category 26.2

31.12.2020

31.12.2019

Gross outstanding claims reserves

Gross outstanding claims reserves

Life financial contract reserves

Life financial contract reserves

Total

Total

(in millions of euros)

Single-premium policies Capitalisation

470

1

471

464

2

465

Individual insurance

9,910

94

10,004

10,471

81

10,553

Group policies

107

107

94

94

Other Total reserves for single-premium policies

10,487

95

10,582

11,029

83

11,112

Periodic premium policies Capitalisation

39

10

48

45

9

54

Individual insurance

262

13

275

271

12

283

Group policies

337

1

338

305

305

Other

3

3

3

3

Total reserves for periodic premium policies

641

23

664

624

22

646

Inward reinsurance TOTAL LIFE INSURANCE RESERVES

11,128

118

11,247

11,653

105

11,758

Change in actuarial reserves for life insurance policies Note 27 and financial contracts – by operating segment

31.12.2020

31.12.2019

France International

Total

France International

Total

(in millions of euros)

41,646

2,669

44,315

42,127

2,630

44,756

OPENING ACTUARIAL RESERVES

Premiums for the year

1,787

255

2,042

1,832

265

2,097

Interest credited

234

24

258

239

28

267

Profit sharing

564

20

583

598

21

618

Terms

(323)

(105)

(427)

(342)

(76)

(418)

Redemptions

(1,303)

(141)

(1,443)

(1,179)

(167)

(1,347)

Annuity arrears

(630)

(1)

(631)

(628)

(1)

(629)

Death benefits

(1,006)

(31)

(1,037)

(1,029)

(26)

(1,055)

Other movements including transfers

(17)

(11)

(27)

29

(4)

25

CLOSING ACTUARIAL RESERVES

40,953

2,680

43,632

41,646

2,669

44,315

218

Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES