Groupama // Universal Registration Document 2022
7
FINANCIAL STATEMENTS Combined financial statements and notes
27.4 Change in non ‑ life outstanding claims reserves
31.12.2022
31.12.2021
France International
Total
France International
Total
(in millions of euros)
Opening reserves for non ‑ life claims Portfolio transfers, changes in scope of consolidation, and other movements
10,998
2,057
13,055
10,501
2,117
12,618
(122)
(122)
14
14
Claims expense for the current year
8,443
1,244
9,688
7,124
1,148
8,272
Claims expense for prior years
(159)
(125)
(284)
(114)
(92)
(206)
Total claims expense
8,284
1,119
9,404
7,010
1,056
8,066
Claims payments for the current year
(3,746)
(536)
(4,282)
(3,235)
(516)
(3,751)
Claims payments for prior years
(3,574)
(485)
(4,059)
(3,278)
(533)
(3,811)
Total payments
(7,319)
(1,022)
(8,341)
(6,513)
(1,049)
(7,562)
Foreign exchange variation
(1)
(9)
(9)
(81)
(81)
CLOSING RESERVES FOR NON ‑ LIFE CLAIMS
11,962
2,024
13,986
10,998
2,057
13,055
27.5 Impact of gross claims (in millions of euros)
2018
2019
2020
2021
2022
Estimate of the claims expense End N
7,734
8,017
7,793
8,118
9,683
End N+1
7,754
8,141
7,758
8,127
End N+2
7,767
8,081
7,621
End N+3
7,707
8,007
End N+4
7,551
Claims expense
7,551
8,007
7,621
8,127
9,683
Cumulative claims payments
6,675
7,005
6,310
6,222
4,280
Outstanding claims reserves
876
1,002
1,311
1,904
5,404
Earned premiums
10,367
10,713
10,639
11,031
11,465
LOSS RATIO
72.8% 74.8% 71.6% 73.7% 84.5%
The statement of claim trends shows changes in estimates of the gross claims expense per year of occurrence covering the years 2018 to 2022, i.e. changes in the initial estimates and discounted expense as at the balance sheet date.
The reserve per year of occurrence is calculated as the difference between the estimated claim expense (revalued as at the balance sheet date) and the cumulative payments made.
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Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES
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