Groupama // 2021 Universal Registration Document

7 FINANCIAL STATEMENTS Annual financial statements and notes

Liabilities ı

Net amount 31.12.2021

Net amount 31.12.2020

(in thousands of euros)

Shareholders’ equity:

Note 9

3,907,850

3,832,749

Initial capital

3,617,879

3,617,879

Share capital Additional paid-in capital Other reserves Balance brought forward

200,868

69,957

Net income for fiscal year

89,103

144,913

Subordinated liabilities

Note 10

3,232,345

2,732,117

Gross underwriting reserves:

Note 11

7,019,936

6,808,927

Reserves for unearned premiums

395,052

386,269

Reserves for claims (Non-Life)

5,256,780

5,091,564

Reserves for profit sharing and rebates (Non-Life)

513

1,778

Equalisation reserves

174,179

160,560

Other underwriting reserves (Non-Life)

1,193,412

1,168,756

Reserves (other than underwriting)

Note 12

50,667

91,964

Debt for cash deposits received from transferees and retrocessionaires representing underwriting commitments

163,789

141,593

Other liabilities:

Note 13

910,343

906,799

Debts arising from direct insurance operations

3,050

2,915

Debts relating to reinsurance transactions

367,957

347,310

Bonds (including convertible bonds)

137,137

135,971

Debt to credit institutions

0

0

Other liabilities

402,198

420,603

Accruals – Liabilities

Note 14

19,282

13,752

Unrealised foreign exchange adjustments TOTAL LIABILITIES

15,304,213

14,527,900

267

Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES