GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

7 FINANCIAL STATEMENTS Annual financial statements and notes

11.2

Change over the past five years in claims regulations applied since its inception and the outstanding claims reserve

CHANGE IN ACCRUED PREMIUMS AND CLAIMS The data presented below correspond to changes in the following portfolios: inward reinsurance from regional mutuals; ❯ run-off business; ❯ other inward reinsurance. ❯

Fiscal years

2015 and earlier

2016

2017

2018

2019

2020

(in thousands of euros)

Estimate of the claims expense: at end of N

24,783,092 1,872,609 1,927,798 1,942,129 2,048,813 2,081,589

at end of N+1

24,634,179 1,746,946 1,992,447 1,906,304 2,047,770

at end of N+2

24,751,664 1,638,044 1,990,564 1,935,581

at end of N+3

24,665,636 1,602,300 2,006,294

at end of N+4

24,686,772 1,592,729

at end of N+5

24,708,570

Claims expense (a)

24,708,570 1,592,729 2,006,294 1,935,581 2,047,770 2,081,589

Cumulative claims payments (b)

23,293,186 1,018,294 1,525,115 1,368,285 1,367,378

774,800

Outstanding claims reserves (a) - (b) = (c) (net of the retained share of the CDA)

1,415,384

574,435

481,180

567,296

680,392 1,306,789

Earned premiums

30,876,003 2,199,673 2,664,308 2,692,249 2,776,752 2,628,502

LOSS RATIO

80.03% 72.41% 75.30% 71.89% 73.75% 79.19%

Change in opening claims reserves 11.3 Liquidation of claims reserves gross of reinsurance ı

2020

2019

(in thousands of euros)

4,627,298

4,262,830

Opening claims reserves net of expected recoveries

Payments made during theyear for previous years net of expected recoveries

(936,923)

(815,879)

Closing claims reserves net of expected recoveries

(3,705,948)

(3,348,940)

SURPLUS/DEFICIT

(15,573)

98,011

The opening deficit posted in 2020 on claims reserves totalled the inward reinsuranceportfolioof the subsidiariesand profit centre -€15.6 million. It is primarily made up of a deficit on the accepted for +€92.6 million. risks of the regional mutuals for -€109.4 million and a surplus on

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Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES