Groupama // Universal Registration Document 2022

7

FINANCIAL STATEMENTS Annual financial statements and notes

Note 12 Reserves (other than underwriting)

Increase in reserves during the fiscal year allocations for the year

Write ‑ backs for the year

Amount of reserves at 31/12/2021

Amount of reserves at 31/12/2022

(in thousands of euros)

Regulatory reserves

85

136

85

136

Reserves for pensions and similar obligations

20,091

33,769

20,091

33,769

Tax reserves Other contingent liabilities reserves

26,551

9,994

18,386

18,159

Other reserves for charges

3,939

3,939

TOTAL

50,666

43,899

42,501

52,064

However, a significant part of the end ‑ of ‑ career benefit commitments for Groupama Assurances Mutuelles employees is outsourced mainly to Groupama Gan Vie. Non ‑ covered retirement obligations are provisioned in a reserve for retirement commitments.

The “reserve (other than underwriting)” item included in liabilities of the balance sheet as at 31 December 2022 for €52 million particularly includes reserves for pension and similar commitments, which includes a reserve related to pension commitments for employees and former employees of absorbed subsidiaries (SMDA).

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Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES