UNIVERSAL REGISTRATION DOCUMENT 2023

7 FINANCIAL STATEMENTS Annual financial statements and notes

Liabilities ı

Net amount 31.12.2023

Net amount 31.12.2022

(in thousands of euros)

Shareholders’ equity:

Note 9

4,154,205

4,003,472

Initial capital

3,617,879

3,617,879

Share capital Additional paid ‑ in capital Other reserves Balance brought forward

371,591

275,969

Net income for fiscal year

164,734

109,624

Subordinated liabilities

Note 10

3,009,361

3,006,429

Gross underwriting reserves:

Note 11

7,859,935

7,693,613

Reserves for unearned premiums

433,821

437,620

Reserves for claims (Non ‑ Life)

6,222,349

5,974,112

Reserves for profit sharing and rebates (Non ‑ Life)

122

196

Equalisation reserves

144,405

149,702

Other underwriting reserves (Non ‑ Life) Reserves (other than underwriting)

1,059,238

1,131,984

Note 12

116,189

52,064

Debt for cash deposits received from transferees and retrocessionaires representing underwriting commitments

280,430

177,684

Other liabilities:

Note 13

1,256,650

740,545

Debts arising from direct insurance operations

3,151

3,157

Debts relating to reinsurance transactions

588,979

336,946

Bonds (including convertible bonds)

0

0

Debt to credit institutions

0

0

Other liabilities

664,520

400,441

Accruals – Liabilities

Note 14

24,829

23,407

Unrealised foreign exchange adjustments TOTAL LIABILITIES

16,701,599

15,697,213

318

Universal Registration Document 2023 GROUPAMA ASSURANCES MUTUELLES