UNIVERSAL REGISTRATION DOCUMENT 2023
7 FINANCIAL STATEMENTS Combined financial statements and notes
20.3 Change in reinsurance contract assets and liabilities: details of the asset for remaining coverage (ARC) and incurred claims (AIC) 20.3.1 Change in insurance contract assets and liabilities: details of the asset for remaining coverage (ARC) and incurred claims (AIC) – non ‑ PAA
31.12.2023
31.12.2022
Assets for incurred claims (AIC)
Assets for incurred claims (AIC)
Liability for remaining coverage (ARC)
Liability for remaining coverage (ARC)
Total
Total
Excluding loss ‑ recovery component
Excluding loss ‑ recovery component
Loss ‑ recovery component
Loss ‑ recovery component
Total ARC
Total ARC
(in millions of euros)
Opening assets
110
0 110
26 136
145
0 145
35 180
Opening liabilities
(1)
0 (1) 0 109
0 (1)
0
0 0 0 145
0 0
OPENING NET BALANCE
109
26 135
145
35 180
Contracts valued using the modified retrospective approach Contracts valued using the fair value approach Contracts valued using the full retrospective approach & other contracts Allocation of premiums paid to reinsurers Recovery of incurred claims and other insurance service expenses Recoveries and write ‑ backs of losses on underlying onerous contracts Adjustments to assets for incurred claims Deposit component and premium refunds Impact of changes in reinsurer non ‑ performance risk Amounts received from reinsurers
0
0
0
(4)
(4)
(4)
0
0
0
0
0
0
(10)
(10)
(10)
(5)
(5)
(5)
(10)
0 (10)
(10)
(8)
0 (8)
(8)
2
0 2
20 23
2
0 2
29 32
0 0
0
(2)
(2)
(2)
(19)
(19)
(19)
(19)
2
0 2
1 4
2
(2)
1
10 11
0
0
0 0
0
0
0 0
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
Reinsurance result
(8)
0 (8)
1 (7)
(6)
(2)
(7)
10 3
Financial income or expenses from reinsurance contracts
12
0 12
1 13
(43)
2 (41)
(3)
(44)
Impact of exchange rate changes
0
0 0
0 0
0
0 0
(0)
(0)
Total changes in the income statement and other comprehensive income
4
0 4
2 6
(49)
0 (49)
7 (42)
Premiums
15
15
15
15
15
15
Claims, other expenses, and commissions
(2)
(2)
(2)
(4)
(2)
(2)
(16)
(18)
Total cash flow
12
0 12
(2)
11
13
0 13
(16)
(3)
Change in scope, portfolio transfer, and other
0
(0)
(0)
(0)
(0)
0
0 0
(0)
(0)
Assets in inventory
128
0 128
26 154
110
0 110
26 136
Liabilities in inventory
(2)
0 (2) 0 126
0 (2)
(1)
0 (1) 0 109
0 (1)
INVENTORY BALANCE
126
26 152
109
26 135
The figures presented for 31 December 2022 are pro forma .
273
Document d’Enregistrement Universel 2023 GROUPAMA ASSURANCES MUTUELLES
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