BPCE - 2018 Registration document

FINANCIAL REPORT IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2018

Analysis of fair value hierarchy transfers

12/31/2018

Level 1

Level 1

Level 2

Level 2

Level 3

From

Level 2

Level 3

Level 1

Level 3

Level 2

To

in millions of euros

ASSETS Securities designated at fair value through profit or loss

215 215

3 3

Shares and UCITS

Investments backed by unit-linked policies

70

Financial assets designated at fair value through profit or loss FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS

285

3

285 924 766 158 924

3

Other available-for-sale securities

84 77

126

603 603

1,591 1,506

Bonds

9

Shares and UCITS

7

117 126

85

AVAILABLE-FOR-SALE FINANCIAL ASSETS

84

603

1,591

9.1.1.7 Fair value of financial assets valued at amortized cost on the balance sheet The principles used to assess fair value are described in Note 10.

12/31/2018

Measurement techniques using observable data (Level 2)

Measurement techniques using unobservable data (Level 3)

Price quoted in an active market (Level 1)

5

Fair value

in millions of euros

Investments of loans and receivables due from credit institutions Investments of loans and receivables due from customers

383

4

379

12,760

47

12,713

Held-to-maturity investments

2,426

2,086 2,137

337

3 3

INSURANCE BUSINESS INVESTMENTS AT AMORTIZED COST

15,569

13,429

9.1.2

Liabilities related to insurance policies

12/31/2018

01/01/2018

in millions of euros

Technical reserves relating to insurance policies Technical reserves relating to unit-linked policies

51,694 10,711 62,406 20,118

44,608 11,110 55,718 20,227

TECHNICAL RESERVES RELATING TO INSURANCE POLICIES

Technical reserves relating to financial contracts with a discretionary profit sharing feature

Technical reserves relating to unit-linked financial contracts

4,145

4,216

TECHNICAL RESERVES RELATING TO FINANCIAL CONTRACTS

24,263

24,443

Deferred profit-sharing liabilities*

2,401 9,610

3,788 9,383

Debts arising from insurance and assumed reinsurance activities

Debts arising from ceded reinsurance activities

153

194 183

Trading derivatives

7

Other liabilities

17

19

TOTAL LIABILITIES RELATED TO INSURANCE POLICIES

98,855

93,728

O/w €1,755 million in deferred profit sharing fully recognized in other comprehensive income. *

The information required by IFRS 7 is presented for: financial assets at fair value through profit or loss in Note 5.2.2; ●

amounts due to credit institutions and customers in Note 5.11; ● debt securities in Note 5.12; ● subordinated debt in Note 5.15. ●

341

Registration document 2018