Groupama // Universal Registration Document 2022

7

FINANCIAL STATEMENTS Combined financial statements and notes

28.2 Breakdown of liabilities related to financial contracts – by major category

31.12.2022

31.12.2021

Gross outstanding claims reserves

Gross outstanding claims reserves

Life financial contract reserves

Life financial contract reserves

Total

Total

(in millions of euros)

Single ‑ premium policies Capitalisation

521

10

530

497

1

498

Individual insurance

8,600

97

8,698

9,260

89

9,349

Group policies

130

130

120

120

Other Total reserves for single ‑ premium policies

9,251

107

9,358

9,877

90

9,967

Periodic premium policies Capitalisation

33

7

40

35

8

43

Individual insurance

251

13

264

257

12

269

Group policies

209

209

211

211

Other

3

3

3

3

Total reserves for periodic premium policies

495

20

516

506

20

526

Inward reinsurance TOTAL LIFE INSURANCE RESERVES

9,746

127

9,873

10,383

110

10,493

Note 29 Change in actuarial reserves for life insurance policies and financial contracts – by operating segment

31.12.2022

31.12.2021

France International

Total

France International

Total

(in millions of euros)

OPENING ACTUARIAL RESERVES

40,109

2,756

42,864

40,838

2,680

43,518

Premiums for the year

1,943

238

2,181

1,892

234

2,126

Interest credited

226

21

248

227

24

251

Profit sharing

580

14

594

525

17

542

Terms

(311)

(48)

(360)

(384)

(41)

(425)

Redemptions

(1,123)

(232)

(1,355)

(1,246)

(174)

(1,420)

Annuity arrears

(710)

(5)

(715)

(657)

(1)

(658)

Death benefits

(1,130)

(27)

(1,157)

(1,169)

(34)

(1,203)

Change in scope of consolidation

(13)

(13)

Other movements including transfers

(396)

(11)

(407)

82

51

133

CLOSING ACTUARIAL RESERVES

39,187

2,693

41,880

40,109

2,756

42,864

The changes in scope of consolidation are related to the reclassification of actuarial reserves of the Turkish subsidiaries to “Held ‑ for ‑ sale liabilities and discontinued businesses”.

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Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES