Groupama // 2021 Universal Registration Document

7 FINANCIAL STATEMENTS Combined financial statements and notes

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

31.12.2021

31.12.2020

France

International

Total

France

International

Total

(in millions of euros)

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

9

47

57

10

18

28

Outstanding claims reserves

922

79 1,001

895

69

964

Other underwriting reserves

357

357

350

1

351

Total

1,288

127 1,415

1,255

88 1,343

Share of reinsurers in life insurance reserves Life insurance reserves

34

1

35

33

2

34

Outstanding claims reserves

22

23

23

2

25

Reserves for profit-sharing

22

22

16

16

Other underwriting reserves Total

78

1

79

72

4

76

Share of reinsurers in financial contract reserves TOTAL

1,366

128 1,494

1,327

91 1,418

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

31.12.2021

31.12.2020

France

International

Total

France

International

Total

(in millions of euros)

Share of reinsurers in opening reserves for claims Portfolio transfers, changes in scope of consolidation, and other movements

895

69

964

682

85

767

1

1

Share of reinsurers in total claims expense

197

50

246

400

38

438

Share of reinsurers in total payments

(169)

(32)

(201)

(186)

(48)

(234)

Foreign exchange variation

(8)

(8)

(7)

(7)

SHARE OF REINSURERS IN CLOSING RESERVES FOR CLAIMS

922

79

1,001

895

69

964

198

Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES