Groupama // 2021 Universal Registration Document
7 FINANCIAL STATEMENTS Combined financial statements and notes
Reserve for pensions 24.2 Pensions reserve – Change in actuarial value of the debt 24.2.1
31.12.2021
31.12.2020
Post-employment benefits
Other long-term benefits
Post-employment benefits
Other long-term benefits
Total
Total
(in millions of euros)
OPENING ACTUARIAL DEBT
756
94
850
747
86
833
Cost of past services
17
8
25
17
7
24
Interest payable
8
8
9
9
Revaluations of actuarial debt Actuarial differences resulting from changes in demographic assumptions
1
(1)
(1)
Actuarial differences resulting from changes in financial assumptions
5
(1)
4
32
2
34
Experience-related adjustments
(4)
(4)
(8)
(8)
(4)
(12)
Benefits paid directly by the employer
(11)
(4)
(15)
(11)
(4)
(15)
Benefits paid by hedging assets
(17)
(17)
(17)
(17)
Cost of past services and profit/loss on liquidation Change in scope of consolidation Change in exchange rates
1
1
6
6
26
26
(21)
(21)
Other
(18)
(18)
8
2
10
CLOSING ACTUARIAL DEBT
762
93
855
756
94
850
Reserve for pensions – Change in the fair value of hedging assets 24.2.2
31.12.2021
31.12.2020
Post-employment benefits
Other long-term benefits
Post-employment benefits
Other long-term benefits
Total
Total
(in millions of euros)
OPENING FAIR VALUE OF HEDGING ASSETS
400
400
404
404
Interest income
6
6
7
7
Revaluations of hedging assets
Portion of yield on hedging assets in excess of the discount rate
47
47
20
20
Change in effect of asset cap
Benefits paid
(17)
(17)
(17)
(17)
Employer contributions
22
22
6
6
Employee contributions Change in scope of consolidation Change in exchange rates
27
27
(21)
(21)
Other CLOSING FAIR VALUE OF HEDGING ASSETS
484
484
400
400
212
Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES
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