GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

7 FINANCIAL STATEMENTS Annual financial statements and notes

Liabilities ı

Net amount 31.12.2020

Net amount 31.12.2019

(in thousands of euros)

Note 9

3,832,749

3,701,838

Shareholders’ equity:

Initial capital

3,617,879

3,617,879

Share capital Conversion difference Additional paid-in capital Other reserves Balance brought forward

0

(353,043)

69,957

111,300

Net income for fiscal year

144,913

325,702

Subordinated liabilities

Note 10

2,732,117

2,729,538

Gross technical reserves:

Note 11

6,808,927

6,358,990

Reserves for unearned premiums

386,269

359,982

Reserves for claims (Non-Life)

5,091,564

4,719,413

Reserves for profit sharing and rebates (Non-Life)

1,778

244

Equalisation reserves

160,560

139,609

Other technical reserves (Non-Life)

1,168,756

1,139,742

Reserves (other than underwriting)

Note 12

91,964

65,949

Debt for cash deposits received fromtransferees and retrocessionaires representing technical commitments

141,593

148,426

Other liabilities:

Note 13

906,799

1,796,678

2,915

3,094

Debts arising from direct insurance operations

Debts relating to reinsurance transactions

347,310

208,180

Bonds (including convertible bonds)

135,971

595,651

Debt to credit institutions

0

0

Other debt

420,603

989,753

Accruals – Liabilities

Note 14

13,752

11,386

Unrealised foreign exchange adjustments

0

TOTAL LIABILITIES

14,527,900

14,812,805

272

Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES