UNIVERSAL REGISTRATION DOCUMENT 2023

7 FINANCIAL STATEMENTS Combined financial statements and notes

19.4.1 Change in insurance contract assets and liabilities: details of the CSM

31.12.2023

31.12.2022

Contractual service margin (CSM)

Total CSM

Contractual service margin (CSM)

Total CSM

Contracts valued using the full retrospective approach & other contracts

Contracts valued using the full retrospective approach & other contracts

Contracts valued using the modified retrospective approach

Contracts valued using the modified retrospective approach

Contracts valued using the fair value approach

Contracts valued using the fair value approach

(in millions of euros)

Opening assets

10

0

3

13

37

0

0

37

Opening liabilities

3,575 3,585

90 90

27 30

3,692 3,704

2,829 2,866

64 64

6 6

2,900 2,937

OPENING NET BALANCE

Changes relating to services for the period CSM recognised for services provided Change in non ‑ financial risk correction Experience difference 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 Change relating to past services Change in liabilities for incurred claims 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 Premiums Claims and other insurance expenses, including the deposit component Acquisition costs Total cash flow Change in scope, portfolio transfer, and other

(287)

(4)

(4)

(295)

(358)

(7)

(3)

(368)

(287)

(4)

(4)

(295)

(358)

(7)

(3)

(368)

264

(28)

37

273

1,083

31

12

1,126

183

183

173

173

264

(28)

(146)

90

1,083

31

(161)

953

0

0

0

0

0

0

0

0

(23)

(32)

33

(22)

725

24

9

758

(0)

1

(41)

(40)

(0)

1

15

16

4

0

4

(7)

0

(0)

(7)

(19)

(31)

(8)

(57)

719

25

24

768

0

1

1

0

0

0

0

Assets in inventory

38

0

8

46

10

0

3

13

Liabilities in inventory

3,529 3,567

59 59

15 23

3,603 3,649

3,575 3,585

90 90

27 30

3,692 3,704

INVENTORY BALANCE

The figures presented for 31 December 2022 are pro forma .

269

Document d’Enregistrement Universel 2023 GROUPAMA ASSURANCES MUTUELLES