Groupama // 2021 Universal Registration Document

7 FINANCIAL STATEMENTS Combined financial statements and notes

Deferred profit sharing Note 14

14.1

Deferred profit sharing assets

31.12.2021

31.12.2020

France International

Total

France International

Total

(in millions of euros)

Deferred profit-sharing assets

3

3

TOTAL

3

3

Deferred profit sharing liabilities 14.2

31.12.2021

31.12.2020

France International

Total

France International

Total

(in millions of euros)

Reserve for deferred profit sharing of insurance policies Reserve for deferred profit sharing of financial contracts

4,716

4,716

5,856

9

5,865

88

88

137

137

TOTAL

4,716

88

4,804

5,856

145

6,002

The rate of deferred profit sharing is determined entity by entity (based on regulatory requirements). It is based on the real rate of sharing of investment income between policyholders and shareholders and corresponds to the average real rates over the past three years. This average prevents the inclusion of non-recurring, atypical factors in the calculation.

In the particular case of Groupama Gan Vie, the deferred profit-sharing rate is determined using a prospective sharing rate method based on three-year business plans. The rates used in France at 31 December 2021 fall within a range of 69.78% to 84.47%, with 77.63% for Groupama Gan Vie.

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Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES