UNIVERSAL REGISTRATION DOCUMENT 2023
7 FINANCIAL STATEMENTS Combined financial statements and notes
20.3.2 Change in reinsurance contract assets and liabilities: details of the asset for remaining coverage (ARC) and incurred claims (AIC) – PAA
31.12.2023
31.12.2022
Assets for remaining coverage (ARC)
Assets for incurred claims (AIC)
Assets for remaining coverage (ARC)
Assets for incurred claims (AIC)
Total
Total
Estimates of the present value of future cash flows
Estimates of the present value of future cash flows
Excluding loss recovery component
Non financial risk adjustment
Excluding loss recovery component
Non financial risk adjustment
Loss recovery component
Loss recovery component
Total ARC
Total AIC
Total ARC
Total AIC
(in millions of euros)
Opening assets
64
3 67 1,682
44 1,727 1,793 0 0 0 44 1,727 1,793
63
16 79 1,270
36 1,306 1,385 0 0 0 36 1,306 1,385
Opening liabilities
0
0 0
0
0
0 0
0
OPENING NET BALANCE 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 Amounts received from reinsurers Deposit component and premium refunds Impact of changes in reinsurer non ‑ performance risk Financial income or expenses from reinsurance contracts Impact of exchange rate changes Total changes in the income statement and other comprehensive income Reinsurance result
64
3 67 1,682
63
16 79 1,270
(756)
(756)
(756)
(638)
(638)
0 (638)
(756)
0 (756)
(756)
(638)
0 (638)
0 (638)
108
108
472
26 498 606
61
61
818
29 847 908
(1)
(1)
(1)
(13)
(13)
0 (13)
64
(51)
13 13
0
57
(10)
47 47
108
(1) 106
536
(25)
512 618
61
(13)
48
875
19 894 942
0
0
0
0 0
0
0
0
0 0
0
0
10
10 10
0
0
4
4 4
(648)
(1) (650)
546
(25)
522 (128)
(577)
(13) (590)
879
19 899 308
(6)
(6)
72
14 86 80
(12)
(12)
(198)
(11) (209) (221)
(0)
0 (0)
0
0 0 0
(0)
0 (0)
(0)
(0)
(0)
(0)
(654)
(1) (655)
618
(10)
608 (47)
(590)
(13) (603)
681
8 689 87
Premiums
721
721
721
659
659
0 659
Claims, other expenses, and commissions
(110)
(110)
(643)
(643) (753)
(61) 598
(61)
(245)
(245) (306)
Total cash flow
611
0 611 (643)
0 (643)
(32)
0 598 (245)
0 (245)
353
Change in scope, portfolio transfer, and other
6
0 6
0
0 0 6 34 1,691 1,720 0 0 0 34 1,691 1,720
(8) 64
0 (8)
(23)
(0)
(24)
(31)
3 67 1,682
44 1,727 1,793 0 0 0 44 1,727 1,793
Assets in inventory
26
2 28 1,658
Liabilities in inventory
0
0 0
0
0
0 0
0
INVENTORY BALANCE
26
2 28 1,658
64
3 67 1,682
The figures presented for 31 December 2022 are pro forma .
274
Universal Registration Document 2023 GROUPAMA ASSURANCES MUTUELLES
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