UNIVERSAL REGISTRATION DOCUMENT 2023
7 FINANCIAL STATEMENTS Combined financial statements and notes
20.4.1 Change in reinsurance 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
(14)
0
52
38
0
0
21
21
Opening liabilities
0
0
(1)
(1)
0
0
0
0
OPENING NET BALANCE
(14)
0
51
37
0
0
21
21
Changes relating to services for the period
0
0
(4)
(4)
1
0
(3)
(2)
CSM recognised for services provided
0
0
(4)
(4)
1
0
(3)
(2)
Change in non ‑ financial risk correction
0
0
0
0
0
0
0
0
Experience difference
0
0
0
0
0
0
0
0
Changes relating to future services
14
0
17
31
(16)
0
32
17
Contracts recognised for the first time
0
0
1
1
0
0
1
1
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
14
0
15
29
(16)
0
33
17
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
0
0
0
0
0
0
0
0
Change in assets for incurred claims
0
0
0
0
0
0
0
0
Impact of changes in reinsurer non ‑ performance risk
0
0
0
0
0
0
0
0
Reinsurance result
14
0
12
26
(14)
0
29
15
Financial income or expenses from reinsurance contracts
0
0
(0)
(0)
0
0
1
1
Impact of exchange rate changes
0
0
0
0
0
0
Total changes in the income statement and other comprehensive income
14
0
12
26
(14)
0
30
16
Premiums
0
0
0
0
0
0
0
0
Claims, other expenses, and commissions
0
0
0
0
0
0
0
0
Total cash flow
0
0
0
0
0
0
0
0
Change in scope, portfolio transfer, and other
0
0
0
0
0
0
0
0
Assets in inventory
0
0
64
64
(14)
0
52
38
Liabilities in inventory
0
0
(1)
(1)
0
0
(1)
(1)
INVENTORY BALANCE
0
0
63
63
(14)
0
51
37
The figures presented for 31 December 2022 are pro forma .
276
Universal Registration Document 2023 GROUPAMA ASSURANCES MUTUELLES
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