Groupama // Universal Registration Document 2022

7

FINANCIAL STATEMENTS Annual financial statements and notes

Liabilities ı

31/12/2022

31/12/2021

(in thousands of euros)

Shareholders’ equity:

Note 9

4,003,472

3,907,850

Initial capital

3,617,879

3,617,879

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

275,969

200,868

Net income for fiscal year

109,624

89,103

Subordinated liabilities

Note 10

3,006,429

3,232,345

Gross underwriting reserves:

Note 11

7,693,613

7,019,936

Reserves for unearned premiums

437,620

395,052

Reserves for claims (Non ‑ Life)

5,974,112

5,256,780

Reserves for profit sharing and rebates (Non ‑ Life)

196

513

Equalisation reserves

149,702

174,179

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

1,131,984

1,193,412

Note 12

52,064

50,667

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

177,684

163,789

Other liabilities:

Note 13

740,545

910,343

Debts arising from direct insurance operations

3,157

3,050

Debts relating to reinsurance transactions

336,946

367,957

Bonds (including convertible bonds)

0

137,137

Debt to credit institutions

0

0

Other liabilities

400,441

402,198

Accruals – Liabilities

Note 14

23,407

19,282

Unrealised foreign exchange adjustments TOTAL LIABILITIES

15,697,213

15,304,213

303

Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES