Groupama // 2021 Universal Registration Document

7 FINANCIAL STATEMENTS Combined financial statements and notes

Underwriting liabilities related to insurance policies ‒ by business 26.2 Underwriting liabilities related to insurance policies ‒ by business ‒ France 26.2.1

31.12.2021

31.12.2020

Property and casualty insurance

Property and casualty insurance

Life and health insurance

Life and health insurance

Total

Total

(in millions of euros)

Gross underwriting reinsurance reserves Life insurance reserves

31,739

31,739

31,812

31,812

Outstanding claims reserves

754

754

739

739

Reserves for profit-sharing

736

736

662

662

Other underwriting reserves

7

7

24

24

Total Life insurance

33,236

33,236

33,237

33,237

Reserves for unearned premiums

203

1,013

1,216

181

1,017

1,198

Outstanding claims reserves

1,350

9,649

10,998

1,246

9,255

10,501

Other underwriting reserves

2,916

612

3,527

2,890

616

3,506

Total Non-life insurance

4,468

11,274

15,742

4,316

10,888

15,205

Life insurance reserves for unit-linked policies

11,177

11,177

10,341

10,341

TOTAL

48,882

11,274

60,155

47,894

10,888

58,782

Underwriting liabilities related to insurance policies ‒ by business ‒ International 26.2.2

31.12.2021

31.12.2020

Property and casualty insurance

Property and casualty insurance

Life and health insurance

Life and health insurance

Total

Total

(in millions of euros)

Gross underwriting reinsurance reserves Life insurance reserves

742

742

692

692

Outstanding claims reserves

57

57

64

64

Reserves for profit-sharing

4

4

2

2

Other underwriting reserves

2

2

10

10

Total Life insurance

805

805

769

769

Reserves for unearned premiums

60

598

659

53

537

590

Outstanding claims reserves

99

1,959

2,057

89

2,027

2,117

Other underwriting reserves

13

29

43

12

30

42

Total Non-life insurance

172

2,586

2,758

154

2,594

2,749

Life insurance reserves for unit-linked policies

1,096

1,096

1,045

1,045

TOTAL

2,073

2,586

4,659

1,968

2,594

4,563

216

Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES