UNIVERSAL REGISTRATION DOCUMENT 2023
7 FINANCIAL STATEMENTS Combined financial statements and notes
20.4 Change in insurance contract assets and liabilities: details of the 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
Non ‑ financial risk adjustment
Non ‑ financial risk adjustment
Contractual service margin (CSM)
Contractual service margin (CSM)
(in millions of euros)
Total
Total
Opening assets
79
19
38
136
129
30
21
180
Opening liabilities
0
0
(1)
(1)
0
0
0
0
OPENING NET BALANCE
79
19
37
135
129
30
21
180
Changes relating to services for the period
18
(1)
(4)
12
24
2
(2)
23
CSM recognised for services provided
0
0
(4)
(4)
0
0
(2)
(2)
Change in non ‑ financial risk correction
0
(1)
0
(1)
0
(1)
0
(1)
Experience difference
18
0
0
18
24
2
0
26
Changes relating to future services
(20)
(11)
31
0
(18)
(0)
17
(2)
Contracts recognised for the first time
(1)
0
1
0
(1)
0
1
0
Adjustments to loss recoveries on underlying onerous contracts that adjust the CSM
0
0
0
0
0
0
(2)
(2)
Change in estimates that adjust the CSM
(19)
(11)
29
(0)
(17)
(0)
17
(0)
Change in estimates resulting in losses or write ‑ backs of losses on underlying onerous contracts
0
0
0
0
0
0
0
0
Change relating to past services
(19)
(0)
0
(19)
(17)
(2)
0
(19)
Change in assets for incurred claims
(19)
(0)
0
(19)
(17)
(2)
0
(19)
Impact of changes in reinsurer non ‑ performance risk
(0)
0
0
(0)
(0)
0
0
(0)
Reinsurance result
(22)
(12)
26
(7)
(12)
(0)
15
3
Financial income or expenses from reinsurance contracts
9
4
0
13
(35)
(10)
2
(44)
Impact of exchange rate changes
0
0
0
0
(0)
0
0
(0)
Total changes in the income statement and other comprehensive income
(13)
(8)
27
6
(47)
(11)
16
(41)
Premiums
15
0
0
15
15
0
0
15
Claims, other expenses, and commissions
(4)
0
0
(4)
(18)
0
0
(18)
Total cash flow
11
0
0
11
(3)
0
0
(3)
Change in scope, portfolio transfer, and other
(0)
(0)
(0)
(0)
(0)
0
0
(0)
Assets in inventory
78
11
64
154
79
19
38
136
Liabilities in inventory
(1)
0
(1)
(2)
0
0
(1)
(1)
INVENTORY BALANCE
77
11
63
152
79
19
37
135
The figures presented for 31 December 2022 are pro forma .
275
Document d’Enregistrement Universel 2023 GROUPAMA ASSURANCES MUTUELLES
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