Groupama // Universal Registration Document 2022
7
FINANCIAL STATEMENTS Combined financial statements and notes
25.2 Reserve for pensions 25.2.1 Pensions reserve – Change in actuarial value of the debt
31.12.2022
31.12.2021
Other long ‑ term benefits
Other long ‑ term benefits
Post ‑ employment benefits
Post ‑ employment benefits
Total
Total
(in millions of euros)
OPENING ACTUARIAL DEBT
762
93
855
756
94
850
Cost of past services
18
8
25
17
8
25
Interest payable
8
9
8
8
Revaluations of actuarial debt Actuarial differences resulting from changes in demographic assumptions Actuarial differences resulting from changes in financial assumptions
3
(1)
3
(199)
(20)
(219)
5
(1)
4
Experience ‑ related adjustments Benefits paid directly by the employer
14
(3)
11
(4)
(4)
(8)
(16)
(4)
(20)
(11)
(4)
(15)
Benefits paid by hedging assets
(13)
(13)
(17)
(17)
Cost of past services and profit/loss on liquidation
1
1
Change in scope of consolidation
(1)
(1)
Change in exchange rates
(21)
(21)
26
26
Other
1
1
(18)
(18)
CLOSING ACTUARIAL DEBT
556
72
629
762
93
855
25.2.2 Reserve for pensions – Change in the fair value of hedging assets
31.12.2022
31.12.2021
Other long ‑ term benefits
Other long ‑ term benefits
Post ‑ employment benefits
Post ‑ employment benefits
Total
Total
(in millions of euros)
OPENING FAIR VALUE OF HEDGING ASSETS
484
484
400
400
Interest income
7
7
6
6
Revaluations of hedging assets Portion of yield on hedging assets in excess of the discount rate
(170)
(170)
47
47
Change in effect of asset cap
Benefits paid
(13)
(13)
(17)
(17)
Employer contributions
11
11
22
22
Employee contributions Change in scope of consolidation Change in exchange rates
(24)
(24)
27
27
Other
4
4
CLOSING FAIR VALUE OF HEDGING ASSETS
301
301
484
484
245
Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES
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