Groupama // Universal Registration Document 2022

7

FINANCIAL STATEMENTS Combined financial statements and notes

Note 28 Liabilities related to financial contracts

31.12.2022

31.12.2021

(in millions of euros)

Reserves on financial contracts with discretionary profit sharing Life underwriting reserves

9,741

10,383

Reserves for unit ‑ linked contracts

55

65

Outstanding claims reserves

118

110

Reserves for profit ‑ sharing Other underwriting reserves Total

298

259

10,212

10,818

Reserves on financial contracts without discretionary profit sharing Life underwriting reserve

5

Reserves for unit ‑ linked contracts

806

1,069

Outstanding claims reserves

9

1

Reserves for profit ‑ sharing Other underwriting reserves Total

820

1,070

TOTAL

11,032

11,888

28.1 Liabilities related to financial contracts (excluding unit ‑ linked items) – by operating segment

31.12.2022

31.12.2021

France International

Total

France International

Total

(in millions of euros)

Life financial contract reserves

7,782

1,964

9,746

8,369

2,014

10,383

Outstanding claims reserves

119

8

127

101

10

110

Profit ‑ sharing reserves

298

298

259

259

Other underwriting reserves TOTAL

8,199

1,972

10,171

8,729

2,024

10,753

The conversion without forfeiting tax benefits of euro single ‑ vehicle financial policies into multi ‑ vehicle insurance policies is carried out by transferring the amounts of actuarial reserves. This conversion had no impact on the recognition of premium income. The amounts involved in this “Fourgous” conversion totalled €97 million as at 31 December 2022.

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Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES