Groupama // 2021 Universal Registration Document

7 FINANCIAL STATEMENTS Combined financial statements and notes

Breakdown of liabilities related to financial contracts ‒ by major category 27.2

31.12.2021

31.12.2020

Life financial contract reserves

Gross outstanding claims reserves

Life financial contract reserves

Gross outstanding claims reserves

Total

Total

(in millions of euros)

Single-premium policies Capitalisation

497

1

498

470

1

471

Individual insurance

9,260

89

9,349

9,910

94

10,004

Group policies

120

120

107

107

Other Total reserves for single-premium policies

9,877

90

9,967

10,487

95

10,582

Periodic premium policies Capitalisation

35

8

43

39

10

48

Individual insurance

257

12

269

262

13

275

Group policies

211

211

223

1

223

Other

3

3

3

3

Total reserves for periodic premium policies Inward reinsurance TOTAL LIFE INSURANCE RESERVES

506

20

526

527

23

550

10,383

110

10,493

11,014

118

11,132

Change in actuarial reserves for life insurance policies Note 28 and financial contracts ‒ by operating segment

31.12.2021

31.12.2020

France

International

Total

France

International

Total

(in millions of euros)

OPENING ACTUARIAL RESERVES

40,838

2,680

43,518

41,539

2,669

44,208

Premiums for the year

1,892

234

2,126

1,787

255

2,042

Interest credited

227

24

251

234

24

258

Profit sharing

525

17

542

564

20

583

Terms

(384)

(41)

(425)

(323)

(105)

(427)

Redemptions

(1,246)

(174)

(1,420)

(1,303)

(141)

(1,443)

Annuity arrears

(657)

(1)

(658)

(630)

(1)

(631)

Death benefits

(1,169)

(34)

(1,203)

(1,006)

(31)

(1,037)

Other movements including transfers

82

51

133

(24)

(11)

(35)

CLOSING ACTUARIAL RESERVES

40,109

2,756

42,864

40,838

2,680

43,518

221 Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES