UNIVERSAL REGISTRATION DOCUMENT 2023

7 FINANCIAL STATEMENTS Combined financial statements and notes

19.3.2 Change in insurance contract assets and liabilities: details of the liability for remaining coverage (LRC) and incurred claims (LIC) – PAA

31.12.2022

31.12.2023

Liability for remaining coverage (LRC)

Liability for incurred claims (LIC)

Liability for remaining coverage (LRC)

Liability for incurred claims (LIC)

Total

Total

Estimates of the

Estimates of the

present value of future cash flows

Non

present value of future cash flows

Non

‑ finan cial risk adjust

‑ finan cial risk adjust

No onerous compo nent

No onerous compo nent

Onerous compo

Onerous compo

(in millions of euros)

nent Total LRC

ment Total LIC

nent Total LRC

ment Total LIC

Opening assets Opening liabilities OPENING NET BALANCE Contracts valued using the full retrospective approach & other contracts Insurance service income Incurred claims and other insurance expenses Losses and write ‑ backs of losses on onerous contracts Adjustments to liabilities for incurred claims Insurance service expenses Deposit component Insurance service result Financial income or expenses from insurance contracts Impact of exchange rate changes Total changes in the income statement and other comprehensive income

0

0

0

0

0

0

0

0

0

0

0

0

0

0

2,095

82 2,177 15,600 303 15,903 18,080 2,007 198 2,205 16,577 332 16,909 19,114

2,095

82 2,177 15,600 303 15,903 18,080 2,007 198 2,205 16,577 332 16,909 19,114

(13,325)

(13,325)

(13,325) (12,233)

(12,233)

(12,233)

(13,325)

(13,325)

(13,325) (12,233)

(12,233)

(12,233)

11,874 174 12,048 12,048

11,337 167 11,503 11,503

Amortisation of acquisition cash flows 1,825

1,825

1,825 1,679

1,679

1,679

(37)

(37)

(37)

(117)

(117)

(117)

(1,067)

(174)

(1,241)

(1,241)

(433)

(186)

(619)

(619)

1,825 (37)

1,787 10,807

(1) 10,807 12,594 1,679 (117)

1,562 10,903 (19) 10,884 12,446

0

0

0

0

0

0

0

0

0

0

(11,501)

(37) (11,538) 10,807

(1) 10,807 (731) (10,554)

(117) (10,670) 10,903 (19) 10,884 214

31

1

31 770 (11)

759 790

(6)

(6) (1,982)

(5) (1,987) (1,994)

2

0

2

2

0

2

4

(8)

0

(8)

(8)

(0)

(8)

(16)

(11,467)

(37) (11,504) 11,579 (12) 11,567

63 (10,568)

(117) (10,685)

8,913 (25)

8,888 (1,796)

Premiums

13,651

13,651

13,651 12,403

12,403

12,403

Claims and other insurance expenses, including the deposit component

(10,028)

(10,028) (10,028)

(9,568)

(9,568)

(9,568) (1,694)

Acquisition costs

(1,898)

(1,898)

(1,898)

(1,694)

(1,694)

Total cash flow 11,753

0 11,753 (10,028)

0 (10,028)

1,725 10,709

0 10,709 (9,568)

0 (9,568)

1,140

Change in scope, portfolio transfer, and other Assets in inventory

(269)

0 (269)

(0)

0 0

(0)

(269)

(52)

0 (52)

(321)

(4)

(325)

(377)

0

0

0

0

0

0

0

0

0

0

0

0

0

Liabilities in inventory 2,112

45 2,157 17,151 292 17,443 19,599 2,095

82 2,177 15,600 303 15,903 18,080

INVENTORY BALANCE

2,112

45 2,157 17,151 292 17,443 19,599 2,095

82 2,177 15,600 303 15,903 18,080

The figures presented for 31 December 2022 are pro forma .

267

Document d’Enregistrement Universel 2023 GROUPAMA ASSURANCES MUTUELLES