UNIVERSAL REGISTRATION DOCUMENT 2023
7 FINANCIAL STATEMENTS Combined financial statements and notes
Note 19 Reinsurance contract assets and liabilities
19.1 Insurance contract assets and liabilities – Reconciliation between inventory view and balance sheet view In accordance with IFRS 17, receivables and payables relating to insurance contracts or transactions are recognized as insurance assets or liabilities in the financial statements. The table below presents the reconciliation between the insurance assets and liabilities presented in the financial statements and the insurance assets and liabilities in the inventory detailed in this note.
31.12.2023
31.12.2022
Insurance assets
Insurance liabilities
Insurance assets
Insurance liabilities
Total
Total
(in millions of euros)
Inventory assets and liabilities - Non ‑ PAA Inventory assets and liabilities - PAA TOTAL ASSETS AND LIABILITIES RELATED TO INSURANCE CONTRACTS IN INVENTORY - COMMITMENT VIEW
15
54,063 54,048
11
52,604 52,594
0
19,599 19,599
0
18,080 18,080
15
73,662 73,647
11
70,685 70,674
Total amount reclassified to Assets and Liabilities
0
(2,831)
0
(2,780)
Of which amount reclassified as LRC
0
(1,634)
0
(1,042)
Of which amount reclassified as LIC
0
(1,197)
0
(1,738)
TOTAL INSURANCE CONTRACT ASSETS AND LIABILITIES - CASH BASIS VIEW
15
70,832
11
67,905
The figures presented for 31 December 2022 are pro forma .
19.2 Insurance contract assets and liabilities by business segment and by business activity
31.12.2023
France
International
Total
Property and casualty insurance
Health and individual protection
Property and casualty insurance
Health and individual protection
Savings and pensions
Savings and pensions
(in millions of euros)
Total
Total
Estimates of the present value of future cash flows Non ‑ financial risk adjustment
0
48
0
48
0
11
8
19
68
0
(5)
0
(5)
0
(2)
(1)
(2)
(7)
Contractual service margin
0
(35)
0
(35)
0
(6)
(5)
(10)
(45)
Total insurance assets
0
8
0
8
0
4
3
7
15
Estimates of the present value of future cash flows Non ‑ financial risk adjustment Contractual service margin
11,398
6,772
45,064 63,234
2,654
189
3,123 5,965 69,199
103
195
464
761
61
13
24
99
860
0
192
3,195 3,387
0
62
155
216 3,603
Total insurance liabilities
11,501 11,501
7,159 7,152
48,722 67,382 48,722 67,375
2,715 2,715
264 259
3,302 6,280 73,663 3,299 6,273 73,648
TOTAL
264
Universal Registration Document 2023 GROUPAMA ASSURANCES MUTUELLES
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