UNIVERSAL REGISTRATION DOCUMENT 2023

7 FINANCIAL STATEMENTS Combined financial statements and notes

19.4 Change in insurance contract assets and liabilities: details of provisions by block – Non ‑ PAA

31.12.2023

31.12.2022

Estimates of the present value of future cash flows

Estimates of the present value of future cash flows

Contractual service margin (CSM)

Contractual service margin (CSM)

Non ‑ financial risk adjustment

Non ‑ financial risk adjustment

(in millions of euros)

Total

Total

Opening assets

(27)

4

13 (11)

(63)

10

37 (17)

Opening liabilities

48,323

590

3,692 52,604

59,661

729

2,900 63,290

OPENING NET BALANCE

48,296

594

3,704 52,594

59,598

739

2,937 63,273

Changes relating to services for the period CSM recognised for services provided Change in non ‑ financial risk correction Changes relating to future services Contracts recognised for the first time Change in estimates that adjust the CSM Change in estimates resulting in losses or write ‑ backs of losses on onerous contracts Experience difference

(864)

(43)

(295) (1,202)

(1,043)

(39)

(368) (1,450)

(295)

(295)

(368)

(368)

(43)

(43)

(37)

(37)

(864)

(0)

(864)

(1,043)

(2)

(1,045)

(287)

9

273

(5)

(1,043)

(47)

1,126

37

(194)

25

184

14

(186)

26

173

14

(76)

(14)

89

(0)

(883)

(70)

953

0

(17)

(2)

0 (19)

26

(3)

0

23

Change relating to past services Change in liabilities for incurred claims

931

(3)

0 928

807

(5)

0 801

931

(3)

0 928

807

(5)

0 801

Insurance service result

(220)

(37)

(22)

(279)

(1,279)

(91)

758 (612)

Financial income or expenses from insurance contracts Impact of exchange rate changes Total changes in the income statement and other comprehensive income

3,435

19

(40) 3,414

(8,892)

(53)

16 (8,929)

19

0

4

24

(38)

(0)

(7)

(45)

3,234

(18)

(57) 3,159

(10,209)

(145)

768 (9,586)

Premiums

3,109

0

0 3,109

3,281

3,281

Claims and other insurance expenses, including the deposit component

(4,696)

0

0 (4,696)

(4,224)

(4,224)

Acquisition costs

(119)

0

0 (119)

(137)

(137)

Total cash flow

(1,705)

0

0 (1,705)

(1,079)

(1,079)

Change in scope, portfolio transfer, and other

(0)

1

1

(14)

0

0 (14)

Assets in inventory

(68)

7

46 (15)

(27)

4

13 (11)

Liabilities in inventory

49,891

568

3,603 54,063

48,323

590

3,692 52,604

INVENTORY BALANCE

49,823

576

3,649 54,048

48,296

594

3,704 52,594

The figures presented for 31 December 2022 are pro forma .

268

Universal Registration Document 2023 GROUPAMA ASSURANCES MUTUELLES