Rapport Annuel

RAPPORT
FINANCIER
2021
SOMMAIRE
ETATS DE SYNTHÈSE ................................................................................................... 03

RAPPORTS DES COMMISSAIRES AUX COMPTES ............................................. 33
RAPPORT DE GESTION ................................................................................................ 54
RAPPORT SUR L’ACTIVITÉ ET LES RÉSULTATS .................................................. 67
RAPPORT ESG ................................................................................................................ 87
RÉMUNÉRATION DES CAC .......................................................................................... 104
LISTE DES PUBLICATIONS .......................................................................................... 107
RAPPORT FINANCIER ANNUEL 2021

ETATS DE
SYNTHESE
RÉSULTATS ANNUELS 2021
BILAN
31/12/2021 31/12/2020
ACTIF PASSIF 31/12/2021 31/12/2020
Brut Amort./Prov. Net Net
ACTIF IMMOBILISE 41.087.251.627,81 1.437.186.748,12 39.650.064.879,69 36.432.537.082,66 44.251.330.416,72 41.880.897.274,90
Immobilisation en non-valeurs 159.558.663,26 72.147.110,12 87.411.553,14 101.247.157,29 6.168.433.001,26 5.981.973.253,07
Frais préliminaires - - - - 350.000.000,00 350.000.000,00
Charges à répartir sur plusieurs exercices 159.558.663,26 72.147.110,12 87.411.553,14 101.247.157,29 à déduire : Actionnaires, capital souscrit non appelé - -
Primes de remboursement des obligations - - - - Capital appelé, (dont versé..................................) - -
Immobilisations incorporelles 324.206.941,84 155.146.521,47 169.060.420,37 145.869.608,53 Primes d'émission, de fusion, d'apport - -
Immobilisation en recherche et développement - - - - Ecarts de réévaluation - -
Brevets, marques, droits et valeurs similaires 296.225.304,94 155.146.521,47 141.078.783,47 130.380.939,43
35.000.000,00 35.000.000,00
Fonds commercial - - - - 576.000.000,00 576.000.000,00
Autres immobilisations incorporelles 27.981.636,90 - 27.981.636,90 15.488.669,10
4.670.973.253,07 4.616.517.352,73
Immobilisations corporelles 377.569.829,15 290.985.135,57 86.584.693,58 96.326.883,89 -
Fonds social complémentaire -
Terrains 5.305.580,00 - 5.305.580,00 5.305.580,00
Résultats nets en instance d·affectation (1) - -
Constructions 82.788.082,77 64.266.021,56 18.522.061,21 22.834.727,33
536.459.748,19 404.455.900,34
Installations techniques, matériel et outillage 10.938.265,26 6.285.428,82 4.652.836,44 5.121.455,46
Capitaux propres assimilés - -
Matériel de transport 1.833.803,23 1.491.691,25 342.111,98 508.238,26
Provisions réglementées - -
Mobilier, matériel de bureau et aménagements divers 261.459.469,23 218.941.993,94 42.517.475,29 47.512.285,08
1.497.045,96 - 1.497.045,96 1.497.045,96 3.728.329,92 3.728.329,92
Autres immobilisations corporelles
Immobilisations corporelles en cours 13.747.582,70 - 13.747.582,70 13.547.551,80 Emprunts obligataires - -
Immobilisations financières
Emprunts pour fonds d·établissement - -
1450621642,73 80.379.881,20 1.370.241.761,53 651.627.121,04
Prêts immobilisés - - - - 3.728.329,92 3.728.329,92
Autres créances financières 534.522.649,66 - 534.522.649,66 5.520.249,66 60.000.000,00 80.000.000,00
- - - Provisions pour risques - -
Titres de participation -
Autres titres immobilisés 916.098.993,07 80.379.881,20 835.719.111,87 646.106.871,38 60.000.000,00 80.000.000,00
3ODFHPHQWVDIIHFWpVDX[RSpUDWLRQVG·DVVXUDQFH 38.775.294.550,83 838.528.099,76 37.936.766.451,07 35.437.466.311,91 38.019.169.085,54 35.815.195.691,91
Placements immobiliers 1.053.330.389,48 311.268.944,62 742.061.444,86 615.597.533,03 889.426.274,00 798.534.249,00
Obligations, bons et titres de créances négociables 13.979.425.318,95 100.000.000,00 13.879.425.318,95 11.717.274.791,82 10.107.346.455,17 9.200.189.238,13
Actions et parts sociales 19.571.560.160,95 374.274.993,57 19.197.285.167,38 18.616.992.106,51 24.256.037.568,27 23.630.219.121,28
Prêts et effets assimilés 713.560.467,51 52.984.161,57 660.576.305,94 563.063.751,09 603.977.005,79 811.689.186,79
Dépôts en comptes indisponibles 1.997.386.611,86 - 1.997.386.611,86 3.131.367.001,44 Provisions pour aléas financiers - -
Placements affectés aux contrats en unités de compte 1.362.153.742,61 - 1.362.153.742,61 680.863.219,59 1.362.153.742,61 680.863.219,59
Dépôts auprès des cédantes - - - - 745.679.731,66 644.410.439,08
Autres placements 97.877.859,47 - 97.877.859,47 112.307.908,43 22.639.173,04 22.639.173,04
Ecarts de conversion – actif - - - - 31.909.135,00 26.651.065,00
Diminution de créances immobilisées et des Ecarts de conversion –passif - -
- - - -
placements Augmentation des créances immobilisées et des placements - -
Augmentation des dettes de financement et des - - - - Diminution des dettes de financement et des provisions techniques - -
provisions techniques
ACTIF CIRCULANT (hors trésorerie) 8.723.148.168,96 1.415.838.633,80 7.307.309.535,16 7.990.953.915,60 3.017.832.054,74 3.002.670.199,27
Part des cessionnaires dans les provisions techniques 2.064.970.248,00 - 2.064.970.248,00 1.796.025.326,00 431.107.132,04 339.886.295,34
Provisions pour primes non acquises 260.917.143,00 - 260.917.143,00 165.602.496,00 431.107.132,04 339.886.295,34
Provisions pour sinistres à payer 1.344.133.504,00 - 1.344.133.504,00 1.168.896.526,00 2.586.724.922,70 2.662.783.903,93
Provisions des assurances vie 452.302.860,00 - 452.302.860,00 455.194.053,00
154.187.101,62 178.505.133,68
Autres provisions techniques 7.616.741,00 - 7.616.741,00 6.332.251,00 Assurés, intermédiaires, cédants, coassureurs et comptes rattachés créditeurs 819.948.184,16 970.847.005,47
&UpDQFHVGHO·DFWLIFLUFXODQW 5.326.660.140,20 1.415.838.633,80 3.910.821.506,40 4.196.201.290,83 36.147.871,83 18.899.927,11
Cessionnaires et comptes rattachés débiteurs 106.847.103,63 - 106.847.103,63 47.623.898,56 20.972.389,40 18.276.082,89
Assurés, intermédiaires, cédants, coassureurs et 239.199.828,67 375.025.254,43
3.369.510.538,43 1.408.037.559,12 1.961.472.979,31 2.359.080.507,36
comptes rattachés débiteurs
6.984.568,68 6.984.568,68 1.373.401,50 108.505,04 108.185,04
Personnel débiteur -
523.694.860,39 - 523.694.860,39 515.657.854,19
687.527.909,55 553.348.120,10
Etat débiteur
Comptes d'associés débiteurs - - - - 628.633.132,43 547.774.195,21
Autres débiteurs 753.850.609,59 6.000.000,00 747.850.609,59 601.217.267,74 Autres provisions pour risques et charges - -
Comptes de régularisation-actif 565.772.459,48 1.801.074,68 563.971.384,80 671.248.361,48 Ecarts de conversion -passif (éléments circulants) - -
Titres et valeurs de placement (non affectés aux - -
1.331.517.780,76 - 1.331.517.780,76 1.998.727.298,77
RSpUDWLRQVG·DVVXUDQFH
Ecarts de conversion -actif (éléments circulants) - - - - -
-
TRESORERIE 311.954.589,18 - 311.954.589,18 460.076.475,91 TRESORERIE 166.532,57 -
Trésorerie-actif 311.954.589,18 - 311.954.589,18 460.076.475,91 Trésorerie-passif 166.532,57 -
Chèques et valeurs à encaisser 28.040.370,44 - 28.040.370,44 78.811.703,16 Crédits d'escompte - -
Banques, TGR, C.C.P. 283.913.922,84 - 283.913.922,84 381.026.171,50 Crédits de trésorerie - -
&DLVVHVUpJLHVG·DYDQFHVHWDFFUpGLWLIV 295,90 295,90 238.601,25 Banques 166.532,57 -
TOTAL GENERAL 50.122.354.385,95 2.853.025.381,92 47.269.329.004,03 44.883.567.474,17 47.269.329.004,03 44.883.567.474,17
RAPPORT FINANCIER ANNUEL 2021 / 4

COMPTE TECHNIQUE ASSURANCES VIE
Libellé 31/12/2021 31/12/2020

Brut Cessions Net Net
1 Primes 5.004.672.444,87 24.800.489,70 4.979.871.955,17 4.348.549.904,82
Primes émises 5.004.672.444,87 24.800.489,70 4.979.871.955,17 4.348.549.904,82
2 Produits techniques d·exploitation 62.288.377,01 62.288.377,01 53.750.802,56
6XEYHQWLRQVG·H[SORLWDWLRQ
Autres produits d·exploitation 55.744.233,57 55.744.233,57 39.029.864,18
Reprises d·exploitation, transferts de charges 6.544.143,44 6.544.143,44 14.720.938,38
3 Prestations et frais 5.252.382.512,35 56.582.363,06 5.195.800.149,29 4.489.141.767,31
Prestations et frais Payés 3.770.474.945,26 45.457.837,06 3.725.017.108,20 2.793.926.406,93
Variation des provisions pour sinistres à payer 183.090.853,53 14.015.719,00 169.075.134,53 89.478.990,73
Variation des provisions des assurances vie 625.818.446,97 -2.891.193,00 628.709.639,97 883.178.467,87
Variation des provisions pour fluctuations de sinistralité -109.561.549,00 -109.561.549,00 15.251.205,00
Variation des provisions pour aléas financiers
Variation des provisions techniques des contrats en unités de 681.290.523,01 681.290.523,01 401.361.222,57
Variation des provisions pour participation aux bénéfices 101.269.292,58 101.269.292,58 305.945.474,21
Variation des autres provisions techniques
4 Charges techniques d·exploitation 471.360.839,25 471.360.839,25 436.468.559,12
Charges d·acquisition des contrats 339.462.774,80 339.462.774,80 305.306.865,72
Achats cons ommés de matières et fournitures 3.227.983,58 3.227.983,58 3.455.936,52
Autres charges externes 39.038.324,29 39.038.324,29 35.463.597,48
Impôts et taxes 10.603.449,90 10.603.449,90 10.197.346,63
Charges de personnel 55.942.792,00 55.942.792,00 61.275.060,24
Autres charges d'exploitation 1.528.213,95 1.528.213,95 1.599.650,62
Dotations d'exploitation 21.557.300,73 21.557.300,73 19.170.101,89
5 3URGXLWVGHVSODFHPHQWVDIIHFWpVDX[RSpUDWLRQVG·DVVXUDQFH. 1.126.074.392,67 1.126.074.392,67 1.018.150.487,48
Revenus des placements 883.541.146,45 883.541.146,45 883.932.526,09
Gains de change
Produits des différences sur prix de remboursement à percevoir 7.152.907,90 7.152.907,90 7.220.141,16
Profits sur réalisation de placements 162.447.223,11 162.447.223,11 115.722.203,92
Ajustements de VARCUC (1)(plus-values non réalisées) 58.597.582,06 58.597.582,06 10.020.333,74
Profits provenant de la réévaluation des placements affectés
Intérêts et autres produits de placements
Reprises sur charges de placement ; Transferts de charges 14.335.533,15 14.335.533,15 1.255.282,57
6 &KDUJHVGHVSODFHPHQWVDIIHFWHVDX[RSpUDWLRQVG·DVVXUDQFe 80.540.842,98 80.540.842,98 52.491.882,78
&KDUJHVG·LQWpUrWV
Frais de gestion des placements 12.782.868,21 12.782.868,21 10.952.500,48
Pertes de change
Amortissement des différences sur prix de remboursement 32.872.371,91 32.872.371,91 19.958.054,05
Pertes sur réalisation de placements 6.407.645,54 6.407.645,54
Pertes provenant de la réévaluation des placements affectés
Ajustements de VARCUC(1) (moins-values non réalisées)
Autres charges de placements
Dotations sur placement 28.477.957,32 28.477.957,32 21.581.328,25
RESULTAT TECHNIQUE VIE (1+2 - 3 - 4+5 - 6) 388.751.019,97 -31.781.873,36 420.532.893,33 442.348.985,65

COMPTE TECHNIQUE ASSURANCES NON VIE
Libellé 31/12/2021 31/12/2020

Brut Cessions Net Net
1 Primes 3.993.352.053,45 693.302.614,46 3.300.049.438,99 3.300.639.539,92
Primes émises 4.084.244.078,45 788.617.261,46 3.295.626.816,99 3.326.097.579,92
Variation des provisions pour primes non acquises 90.892.025,00 95.314.647,00 -4.422.622,00 25.458.040,00
2 Produits techniques d·exploitation 49.582.501,07 49.582.501,07 58.413.113,27
6XEYHQWLRQVG·H[SORLWDWLRQ
$XWUHVSURGXLWVG·H[SORLWDWLRQ 25.908.106,11 25.908.106,11 7.094.367,01
5HSULVHVG·H[SORLWDWLRQWUDQVIHUWVGHFKDUJHV 23.674.394,96 23.674.394,96 51.318.746,26
3 Prestations et frais 2.907.802.393,31 279.974.352,74 2.627.828.040,57 1.922.764.403,01
Prestations et frais payés 2.276.628.591,78 117.468.603,74 2.159.159.988,04 1.596.486.244,36
Variation des provisions pour sinistres à payer 724.066.363,53 161.221.259,00 562.845.104,53 330.195.649,65
Variation des provisions pour fluctuations de sinistralité -98.150.632,00 -98.150.632,00 28.331.759,00
Variation des provisions pour aléas financiers
Variation des provisions pour participations aux bénéfices
Variation des autres provisions techniques 5.258.070,00 1.284.490,00 3.973.580,00 -32.249.250,00
4 Charges techniques d·exploitation 1.086.529.141,40 1.086.529.141,40 1.288.055.910,54
&KDUJHVG·DFTXLVLWLRQGHVFRQWUDWV 483.552.526,20 483.552.526,20 494.511.347,49
Achats consommés de matières et fournitures 11.677.702,20 11.677.702,20 12.047.759,79
Autres charges externes 141.226.841,32 141.226.841,32 123.629.847,09
Impôts et taxes 38.359.529,09 38.359.529,09 35.549.027,58
Charges de personnel 202.381.222,91 202.381.222,91 213.611.332,90
Autres charges d'exploitation 5.528.537,24 5.528.537,24 8.111.551,05
Dotations d'exploitation 203.802.782,44 203.802.782,44 400.595.044,65
5 3URGXLWVGHVSODFHPHQWVDIIHFWHVDX[RSpUDWLRQVG·DVVXUDQFe 579.478.572,02 579.478.572,02 286.390.250,58
Revenus des placements 311.329.127,47 311.329.127,47 284.369.577,50
Gains de change 3.607.497,01 3.607.497,01 565.115,43
Produits des différences sur prix de remboursement à percevoir 842.718,75 842.718,75 842.718,75
Profits sur réalisation de placements 5.813.823,69 5.813.823,69 237.269,08
Profits provenant de la réévaluation des placements affectés
Intérêts et autres produits de placements 31.596,42 31.596,42 81.218,89
Reprises sur charges de placements ; Transferts de charges 257.853.808,68 257.853.808,68 294.350,93
6 &KDUJHVGHVSODFHPHQWVDIIHFWHVDX[RSpUDWLRQVG·DVVXUDQFe 26.392.419,69 26.392.419,69 172.606.280,22
&KDUJHVG·LQWpUrWV
Frais de gestion des placements 4.930.009,32 4.930.009,32 5.037.543,09
Pertes de change 2.180.296,43 2.180.296,43 524.242,84
Amortissement des différences sur prix de remboursement 170.745,30 170.745,30
Pertes sur réalisation de placements 5.885.917,79 5.885.917,79
Pertes provenant de la réévaluation des placements affectés
Autres charges de placements
Dotations sur placements 13.225.450,85 13.225.450,85 167.044.494,29
RESULTAT TECHNIQUE NON-VIE (1 + 2 - 3 - 4 + 5 - 6) 601.689.172,14 413.328.261,72 188.360.910,42 262.016.310,00

COMPTE NON TECHNIQUE
Opérations
Concernant les
Totaux
Propres à exercices
Libellé O·H[HUFLFH précédents 31/12/2021 31/12/2020
60.129.469,63 329.968,33 60.459.437,96 60.906.851,97

3URGXLWVG·H[SORLWDWLRQQRQWHFKQLTXHVFRXUDQWV 0,33 0,33
57.476.929,46 57.476.929,46 60.786.851,97
Produits des différences sur prix de remboursement à percevoir
200.000,00 329.968,33 529.968,33 120.000,00
Reprises non techniques, transferts de charges 2.452.539,84 2.452.539,84
47.958.563,94 3.176.015,44 51.134.579,38 61.842.494,50
4.775.326,72 3.176.015,44 7.951.342,16 7.329.076,28
7.832.144,48 7.832.144,48 2.320.881,83
Amortissement des différences sur prix de remboursement
Autres charges non techniques courantes
35.351.092,74 35.351.092,74 52.192.536,39
9.324.858,58 -935.642,53
20.000.000,00 39.363,16 20.039.363,16 104.426.216,18
Produits des cessions d'immobilisations
6XEYHQWLRQVG·pTXLOLEUH
3URILWVSURYHQDQWGHODUppYDOXDWLRQGHVpOpPHQWVG·DFWLI
Autres produits non courants 39.363,16 39.363,16 4.426.216,18
20.000.000,00 20.000.000,00 100.000.000,00
26.817.923,83 540.132,47 27.358.056,30 193.049.506,21
Valeurs nettes d'amortissements des immobilisations cédées
Subventions accordées
3HUWHVSURYHQDQWGHODUppYDOXDWLRQGHVpOpPHQWVG·DFWLI
26.817.923,83 540.132,47 27.358.056,30 113.049.506,21
80.000.000,00
-7.318.693,14 -88.623.290,03
2.006.165,44 -89.558.932,56
RECAPITULATION
31/12/2021 31/12/2020
I RESULTAT TECHNIQUE VIE 420.532.893,33 442.348.985,65

II RESULTAT TECHNIQUE NON-VIE 188.360.910,42 262.016.310,00
III RESULTAT NON TECHNIQUE 2.006.165,44 -89.558.932,56
IV RESULTAT AVANT IMPOTS 610.899.969,19 614.806.363,09
V IMPOTS SUR LES RESULTATS 74.440.221,00 210.350.462,75
VI RESULTAT NET 536.459.748,19 404.455.900,34
TOTAL DES PRODUITS ASSURANCES VIE 6.168.234.724,85 5.420.451.194,86

TOTAL DES PRODUITS ASSURANCES NON-VIE 3.929.110.512,08 3.645.442.903,77
TOTAL DES PRODUITS NON TECHNIQUES 80.498.801,12 165.333.068,15
TOTAL DES PRODUITS 10.177.844.038,05 9.231.227.166,78
TOTAL DES CHARGES ASSURANCES VIE 5.747.701.831,52 4.978.102.209,21
TOTAL DES CHARGES ASSURANCES NON-VIE 3.740.749.601,66 3.383.426.593,77
TOTAL DES CHARGES NON TECHNIQUES 78.492.635,68 254.892.000,71
IMPOTS SUR LES RESULTATS 74.440.221,00 210.350.462,75
TOTAL DES CHARGES 9.641.384.289,86 8.826.771.266,44
RESULTAT NET 536.459.748,19 404.455.900,34

TABLEAU DE FINANCEMENT DE L’EXERCICE
I - SYNTHESE DES MASSES DU BILAN

Exercice
Exercice Variations (a-b)
MASSES précédent
(a) (b) emplois (c) ressources (d)
1 6.232.161.331,18 6.065.701.582,99 166.459.748,19
2 1.713.298.428,62 995.070.770,75 718.227.657,87
3 4.518.862.902,56 5.070.630.812,24 551.767.909,68
4 35.954.198.837,54 34.019.170.365,91 1.935.028.471,63
5 37.505.659.319,03 35.097.580.016,57 2.408.079.302,46
6 -1.551.460.481,49 -1.078.409.650,66 473.050.830,83
7 5.242.339.287,16 6.194.928.589,60 952.589.302,44
8 2.586.724.922,70 2.662.783.903,93 76.058.981,23
9 2.655.614.364,46 3.532.144.685,67 876.530.321,21
10 311.788.056,61 460.076.475,91 148.288.419,30
II – FLUX DE TRESORERIE
Exercice Exercice précédent
Résultat net 536.459.748,19 404.455.900,34
+ Variation des provisions techniques nettes de cessions 1.935.028.471,63 2.046.951.559,02
- Variation des frais d'acquisition reportés 10.122.188,00 -3.243.047,00
- Variation des amortissements et provisions (1) 22.445.835,99 -672.994.187,33
- Variation des ajustements VARCUC (736 – 636) 58.597.582,06 10.020.333,74
+ RX²YDOXHVSURYHQDQWGHODUppYDOXDWLRQG·pOpPHQWVG·DFWLI
- + ou – values réalisées sur cessions d'éléments d'actifs
Variations des créances et dettes techniques (341 + 342 - 441 - 442 - -127.676.725,82 140.981.840,67
-
42)
- Variation des créances pour espèces ou titres déposées (267)
- Variation des débiteurs et créditeurs divers (343 à 348 – 443 à 448) 141.982.580,31 -61.621.580,64
- Autres variations (349 – 449) -198.258.101,90 212.690.369,03
A – flux d'exploitation 2.564.274.861,18 2.825.573.730,89
- Acquisitions - cessions d'immeubles (261) 151.096.241,62 1.361.330,49
- Acquisitions - cessions d'obligations (262) 2.162.150.527,13 200.781.682,90
- Acquisitions - cessions d'actions (263) 325.029.301,32 272.765.021,76
- Autres Acquisitions - cessions du (26) -428.059.446,63 1.879.584.687,01
- Autres Acquisitions - cessions (21 22 23 24 25 35) 152.346.657,04 -31.335.141,79
B – flux net d'investissement -2.362.563.280,48 -2.323.157.580,37
- Dividendes versés 350.000.000,00 420.000.000,00
+ Emissions/(remboursement) nets d'emprunts 616.770,00
+ $XJPHQWDWLRQUpGXFWLRQGHFDSLWDOHWIRQGVG·pWDEOLVVHPHQW
+ Augmentation /(réduction) d'actions auto-détenues
- C – flux de financement -350.000.000,00 -419.383.230,00
D - Impact de change (+17- 27-37+47)
E -Variation nette de la trésorerie ( A + B + C + D) -148.288.419,30 83.032.920,52
er
F - Trésorerie au 1 janvier 460.076.475,91 377.043.555,39
G - Trésorerie en fin de période (E + F) 311.788.056,61 460.076.475,91
(1) dotations moins reprises

ETAT DES SOLDES DE GESTION
I - TABLEAU DE FORMATION DES RÉSULTATS (TFR)

Exercice
Exercice
Précédent
1 Primes acquises (1a – 1b) 8.998.024.498,32 8.318.426.261,64
1a 9.088.916.523,32 8.374.231.424,64
1b 90.892.025,00 55.805.163,00
Variation des provisions mathématiques (60311+60317 + 6032 + 6033
326.249.004,79 446.277.281,91
+ 60261+60267)
3 -58.597.582,06 -10.020.333,74
4 Charges des prestations (4a + 4b) 7.407.150.748,98 5.226.607.523,23
4a 6.016.299.024,91 4.526.123.207,28
4b 1.390.851.724,07 700.484.315,95
1.323.222.326,61 2.655.561.790,24
5 823.015.301,00 799.818.213,22
6 734.874.679,65 924.706.256,44
7 111.870.878,08 112.163.915,83
1.446.019.102,57 1.612.360.553,83
-122.796.775,96 1.043.201.236,41
8 1.540.022.119,96 1.069.422.241,32
Participations aux résultats et charges des intérêts crédités
9 426.785.151,89 768.519.779,58
(60115,60316, 60266, 6071)
1.113.236.968,07 300.902.461,74
990.440.192,11 1.344.103.698,15
10 718.103.104,16 669.236.816,90
11 162.926.440,80 165.949.184,40
12 173.630.275,00 -136.450.770,00
-381.546.388,36 -639.738.402,50
608.893.803,75 704.365.295,65
13 9.324.858,58 -935.642,53
14 -7.318.693,14 -88.623.290,03
2.006.165,44 -89.558.932,56
610.899.969,19 614.806.363,09
15 74.440.221,00 210.350.462,75
536.459.748,19 404.455.900,34
16 -504.343.164,32 403.462.833,91
,,&$3$&,7('·$872),1$1&(0(17&$)$872),1$1&(0(17
Exercice
Exercice
Précédent
536.459.748,19 404.455.900,34
Perte - 0
2 + 225.360.083,17 419.765.146,54
3 + 41.703.408,17 188.625.822,54
4 + 35.351.092,74 52.192.536,39
5 + 0,00 80.000.000,00
6 - 30.218.538,40 66.039.684,64
7 - 272.189.341,83 1.549.633,50
8 - 2.452.539,84 0,00
9 - 20.000.000,00 100.000.000,00
10 - Profits provenant de la réévaluation 0
11 + Pertes provenant de la réévaluation 0
12 - Produits des cessions d·immobilisations 0,00 0,00
13 + 9DOHXUQHWWHG·DPRUWLVVHPHQWVGHVLPPRELOLVDWLRQVFpGpHs 0,00 0,00
= &$3$&,7('·$872),1$1&(0(17 514.013.912,20 977.450.087,67
350.000.000,00 420.000.000,00
= AUTOFINANCEMENT 164.013.912,20 557.450.087,67
$O·H[FOXVLRQGHVGRWDWLRQVUHODWLYHVDX[DFWLIVHWSDVVLIVFLUFXODQWVHWjODWUpVRUHULH
$O·H[FOXVLRQGHVUHSULVHVUHODWLYHVDX[DFWLIVHWSDVVLIVFLUFXODQWVHWjODWUpVRUHULH
<FRPSULVOHVUHSULVHVVXUVXEYHQWLRQV

ETAT B4 - TABLEAU DES TITRES DE PARTICIPATION
(EXERCICE DU 01/01/2021 AU 31/12/2021)
% Prix Valeur Extrait des derniers états de synthèse de la sté émettrice Produits inscrits
Raison Sociale Secteur Capital particiaption d'acquisition PROVISION comptable au CPC
de la société émettrice d'Activité social au capital global Date de Situation Résultat
nette de l'exercice
clôture nette net
I - IMMOBILISATIONS
FINANCIERES
Panorama Immobilier 110.000.000 100,0% 209.638.000 28.638.000 181.000.000 31/12/2021 33.511.198 -5.859.490
WAA Nvie Sénégal Assurance 64.128.000 100,0% 67.331.521 22.083.218 45.248.304 31/12/2021 38.573.112 -3.099.879
PRO ASSUR SA Assurance 80.160.000 65,0% 58.228.798 - 58.228.798 31/12/2021 50.309.055 -17.297.288
WAA NVie Côte d'ivoire Assurance 48.096.000 100,0% 50.101.546 - 50.101.546 31/12/2021 28.187.193 -3.503.461
Wafa Life Insurance Egypt Assurance 92.046.396 99,9% 91.954.350 - 91.954.350 31/12/2021 68.687.036 -20.372.606
WAFA ASSURANCE REAL ESTATE INVESTMENT Immobilier 300.000 100,0% 300.000 300.000 31/12/2021 -1.764.091 -2.064.091
WAFA ASSURANCE REAL ESTATE MANAGEMENT Immobilier 300.000 100,0% 300.000 300.000 31/12/2021 222.735 -77.265
Wafa Takaful Assurance 50.000.000 100,0% 50.000.000 50.000.000 47.766.709 -2.233.291
TOTAL 527.854.215 50.721.218 477.132.998

II - PLACEMENTS
AFFECTES AUX OPERATIONS
D'ASSURANCE
WAA Vie Sénégal Assurance 48.096.000 100,0% 50.383.025 - 50.383.025 31/12/2021 87.980.681 13.975.333
WAA Vie Cameroun Assurance 73.131.571 97,5% 72.448.984 - 72.448.984 31/12/2021 74.926.874 6.491.444
WAA Vie Côte d'ivoire Assurance 56.112.000 100,0% 58.406.206 - 58.406.206 31/12/2021 94.692.537 21.310.016
ATTIJARI ASSURANCE TUNISIE Assurances 32.274.000 45,0% 24.907.528 - 24.907.528 31/12/2021 143.404.598 36.503.796
AFRICA RE Assurances 2.605.375.281 0,2% 4.934.106 - 4.934.106 31/12/2020 9.439.150.522 509.224.827 436.198
WAFA IMA Assistance 50.000.000 32,5% 16.249.800 - 16.249.800 31/12/2021 184.229.421 30.384.435 4.712.414
RMA WATANIYA Assurances 1.796.170.800 0,8% 58.917.202 - 58.917.202 31/12/2020 6.038.174.023 660.343.102 7.809.782
C.A.T. Assurances 162.656.000 9,1% 14.747.600 - 14.747.600 31/12/2020 819.641.226 217.034.545 22.563.828
STE DES SELS DE MOHAMEDIA Mines 53.300.000 24,5% 160.475.001 1.850.976 158.624.025 31/12/2020 125.604.445 15.614.359 7.350.630
Wafa Takaful
TOTAL 461.469.452 1.850.976 459.618.477 42.872.852

ETAT B4 BIS - TABLEAU DES PLACEMENTS
(EXERCICE 31/12/2021)
Valeur Valeur Valeur Plus ou

ELEMENTS D'ACTIF Brute nette de réalisation moins
value latente
283.849.136 283.849.136 283.849.136 0
717.698.919 336.098.524 336.098.524 0
210.360.805 181.502.805 181.502.805 0
150.094.258 150.094.258 150.094.258 0
13.747.583 13.747.583 13.747.583 0
1.375.750.700 965.292.305 965.292.305 0
Obligations d'Etat
10.346.797.526 10.346.755.136 10.346.755.136 0
Obligations garanties par l'Etat 0
411.001.191 411.001.191 411.001.191 0
Titres de créances négociables 0
100.000.000 0 0
3.521.626.607 3.420.434.912 3.420.434.912 0
14.379.425.324 14.178.191.239 14.178.191.239 0

779.685.668 755.751.475 844.338.718 88.587.244
8.930.850.029 8.737.589.227 12.955.584.371 4.217.995.144
4.134.151.450 4.134.151.450 4.840.493.850 706.342.399
OPCVM Actions 0 0
2.495.617.010 2.495.617.010 3.552.206.679 1.056.589.668
3.937.714.192 3.728.892.308 3.955.064.820 226.172.513
0
20.278.018.350 19.852.001.470 26.147.688.438 6.295.686.969

17.931.109 13.583.669 13.583.669 0
446.045.909 446.045.909 446.045.909 0
4.078.169 34.982 34.982 0
477.905.790 433.312.256 433.312.256 0
945.960.977 892.976.815 892.976.815 0

Dépôts à terme 0 0 0 0
2.706.853.144 2.706.853.144 2.728.638.243 21.785.099
622.051.247 622.051.247 622.051.247 0
Valeurs remises aux cédantes
Créances pour espèces remises aux cédantes
3.328.904.392 3.328.904.392 3.350.689.491 21.785.099

Placements immobiliers 0 0 0 0
Obligations et bons 0 0 0 0
Actions et parts autres que les OPCVM 0 0 0 0
1.362.153.743 1.362.153.743 1.362.153.743 0
Parts et actions autres OPCVM 0 0 0 0
Autres placements 0 0 0 0
1.362.153.743 1.362.153.743 1.362.153.743 0
41.670.213.484 40.579.519.963 46.896.992.031 6.317.472.068

ETAT B5 - I - PROVISIONS
(EXERCICE DU 01/01/2021 AU 31/12/2021)
I - PROVISIONS TECHNIQUES
Montant au début de l'exercice Variations de l'exercice Montant a la fin de l'exercice
NATURE Brut Cessions Net Brut Cessions Net Brut Cessions Net
798.534.249 165.602.496 632.931.753 90.892.025 95.314.647 -4.422.622 889.426.274 260.917.143 628.509.131
9.200.189.238 1.168.896.526 8.031.292.712 907.157.217 175.236.978 731.920.239 10.107.346.455 1.344.133.504 8.763.212.951
23.630.219.121 455.194.052 23.175.025.069 625.818.447 -2.891.193 628.709.640 24.256.037.568 452.302.859 23.803.734.709
811.689.187 811.689.187 -207.712.181 -207.712.181 603.977.006 603.977.006
Provisions pour aléas financiers
680.863.220 680.863.220 681.290.523 681.290.523 1.362.153.743 1.362.153.743
644.410.439 644.410.439 101.269.293 101.269.293 745.679.732 745.679.732
22.639.173 22.639.173 22.639.173 22.639.173
26.651.065 6.332.252 20.318.813 5.258.070 1.284.490 3.973.580 31.909.135 7.616.742 24.292.393
TOTAL 35.815.195.692 1.796.025.326 34.019.170.366 2.203.973.394 268.944.922 1.935.028.472 38.019.169.086 2.064.970.248 35.954.198.838
II - AUTRES PROVISIONS
Montant DOTATIONS REPRISES Montant
NATURE au début de D'exploitation financières non D'exploitation financières non à la fin de

courantes courantes
l'exercice
l'exercice
852.945.585 29.555.333 274.641.882 607.859.036
2 - Provisions réglementés
3 - Provisions durables pour risques et charges
852.945.585 29.555.333 274.641.882 607.859.036
1.289.127.053 126.711.580 1.415.838.634
5 - Autres provisions pour risques et charges
6 - Provisions pour dépréciation des comptes de trésorer

1.289.127.053 126.711.580 1.415.838.634
2.142.072.639 156.266.913 274.641.882 2.023.697.670

ETAT B6 - TABLEAU DES CREANCES
(EXERCICE DU 01/01/2021 AU 31/12/2021)
ANALYSE PAR ECHEANCE AUTRES ANALYSES

Echues Montants sur Montant Montants
Montant
CREANCES TOTAL Plus d·un an Moins et non s en l'état et sur les représentés
G·XQDn recouvrées devises organismes entreprises par des
publics liées effets
'(/·$&7,),002%,/,6(
* Immobilisations financières
- Prêts immobilisés
534.522.649,66 534.522.649,66 400.000.000,00
3ODFHPHQWVDIIHFWpVDX[RSpUDWLRQVG·DVVXUDQFH
13.979.425.318,95 13.488.291.236,91 391.134.082,04 100.000.000,00 10.346.797.525,78 1.500.000.000,00
713.560.467,51 713.560.467,51 123.106.276,44
- Créances pour dépôts auprès des cédantes 0,00 0,00
15.227.508.436,12 14.736.374.354,08 391.134.082,04 100.000.000,00 0,00 10.346.797.525,78 1.900.000.000,00 123.106.276,44
'(/·$&7,)&,5&8/$17
2.064.970.248,00 2.064.970.248,00
106.847.103,63 106.847.103,63
3.369.510.538,43 3.369.510.538,43
6.984.568,68 6.984.568,68
523.694.860,39 523.694.860,39 523.694.860,39
- Comptes d·associés 0,00
753.850.609,59 753.850.609,59
565.772.459,48 565.772.459,48
7.391.630.388,20 0,00 7.391.630.388,20 0,00 0,00 523.694.860,39 0,00 0,00
22.619.138.824,32 14.736.374.354,08 7.782.764.470,24 100.000.000,00 0,00 10.870.492.386,17 1.900.000.000,00 123.106.276,44
ETAT B7 - TABLEAU DES DETTES (31/12/2021)
ANALYSE PAR ECHEANCE AUTRES ANALYSES

Echues Montants sur Montant Montants
DETTES TOTAL Plus d·un an Moins d·un et non Montants en l'état et sur les représentés
an payées devises organismes entreprises par des
publics liées effets
DE FINANCEMENT
- Emprunts obligataires
3.728.329,92 3.728.329,92
3.728.329,92 3.728.329,92
DES AUTRES PASSIFS CIRCULANTS
431.107.132,04 431.107.132,04
154.187.101,62 154.187.101,62
- Assurés, intermédiaires, cédants, coassureurs et 819.948.184,16 819.948.184,16
36.147.871,83 36.147.871,83
20.972.389,40 20.972.389,40
239.199.828,67 239.199.828,67 239.199.828,67
108.505,04 108.505,04 108.505,04
687.527.909,55 687.527.909,55
628.633.132,43 628.633.132,43
3.017.832.054,74 3.017.832.054,74 239.199.828,67 108.505,04
3.021.560.384,66 3.728.329,92 3.017.832.054,74 239.199.828,67 108.505,04

ETAT B8 - TABLEAU DES SURETES REELLES
DONNEES OU REÇUES
TABLEAU I - SURETES REELLES DONNEES

AU 31/12/2021
TIERS DEBITEURS Montant couvert Date et lieu Valeur comptable nette
OU TIERS CREDITEURS par la sûreté Nature d'inscription Objet de la sûreté donnée
à la date de clôture
TABLEAU II - SURETES REELLES RECUES

AU 31/12/2021
TIERS DEBITEURS Montant couvert Date et lieu Valeur comptable nette
OU TIERS CREDITEURS par la sûreté Nature d'inscription Objet de la sûreté donnée
à la date de clôture
31.732.282,57 19.145.847,77
7.789.209,77 FINANCE
4.078.168,89
ETAT B9 - ENGAGEMENTS FINANCIERS REÇUS OU DONNES HORS

OPERATIONS DE CREDIT-BAIL (AU 31/12/2021)
ENGAGEMENTS DONNES Montants exercice Montants exercice

précédent
- Avals et cautions
- Valeurs remises aux cédantes
- Autres engagements donnés NEANT NEANT
TOTAL 0,00 0,00
ENGAGEMENTS RECUS Montants exercice Montants exercice

précédent
- Avals et cautions
- Valeurs remises par les réassureurs
NEANT NEANT
- Autres engagements reçus
TOTAL 0,00 0,00

ETAT A2
Influence des dérogations sur

Indication des dérogations Justification des dérogations le patrimoine, la situation
financière et les résultats
I - Dérogations aux principes
comptables fondamentaux NEANT NEANT
II - Dérogations aux méthodes

G·pYDOXDWLRQ NEANT NEANT
III - Dérogations aux règles

G·pWDEOLVVHPHQWHWGH
présentation des états NEANT NEANT
de synthèse
ETAT A3
Nature des Changements Justification Influence sur le patrimoine, la

Du changement situation financière et les résultats
I - Changements affectant les
PpWKRGHVG·pYDOXDWLRQ
NEANT NEANT
II - Changements affectant les

règles de présentation
NEANT NEANT

COMPTES CONSOLIDES
AU 31 DECEMBRE 2021
Le Groupe Wafa Assurance arrête et publie pour la première fois les comptes consolidés
en normes IFRS au 31 décembre 2021

COMPTES CONSOLIDES
AU 31 DECEMBRE 2021

COMPTES CONSOLIDES
AU 31 DECEMBRE 2021
Etat du résultat net et des gains et pertes comptabilisés directement

en capitaux propres
Etat de variation des capitaux propres consolidés

COMPTES CONSOLIDES
AU 31 DECEMBRE 2021
Tableau des flux de trésorerie consolidés

COMPTES CONSOLIDES
AU 31 DECEMBRE 2021
EXTRAIT DES NOTES ANNEXES AUX COMPTES CONSOLIDÉS
Note 1 Principes et méthodes

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COMPTES CONSOLIDES
AU 31 DECEMBRE 2021
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COMPTES CONSOLIDES
AU 31 DECEMBRE 2021

COMPTES CONSOLIDES
AU 31 DECEMBRE 2021

COMPTES CONSOLIDES
AU 31 DECEMBRE 2021

COMPTES CONSOLIDES
AU 31 DECEMBRE 2021

COMPTES CONSOLIDES
AU 31 DECEMBRE 2021

COMPTES CONSOLIDES
AU 31 DECEMBRE 2021

RAPPORTS DES
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CONSEIL D’ADMINISTRATION
DU 14 Mars 2022
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RAPPORT

ETATS DE SYNTHÈSE ................................................................................................... 03

RAPPORT FINANCIER ANNUEL 2021

RAPPORT FINANCIER ANNUEL 2021 / 4

Libellé 31/12/2021 31/12/2020

RAPPORT FINANCIER ANNUEL 2021 / 5

Libellé 31/12/2021 31/12/2020

RAPPORT FINANCIER ANNUEL 2021 / 6

60.129.469,63 329.968,33 60.459.437,96 60.906.851,97

I RESULTAT TECHNIQUE VIE 420.532.893,33 442.348.985,65

TOTAL DES PRODUITS ASSURANCES VIE 6.168.234.724,85 5.420.451.194,86

RAPPORT FINANCIER ANNUEL 2021 / 7

I - SYNTHESE DES MASSES DU BILAN

(1) dotations moins reprises

RAPPORT FINANCIER ANNUEL 2021 / 8

I - TABLEAU DE FORMATION DES RÉSULTATS (TFR)

RAPPORT FINANCIER ANNUEL 2021 / 9

TOTAL 527.854.215 50.721.218 477.132.998

TOTAL 461.469.452 1.850.976 459.618.477 42.872.852

RAPPORT FINANCIER ANNUEL 2021 / 10

Valeur Valeur Valeur Plus ou

14.379.425.324 14.178.191.239 14.178.191.239 0

20.278.018.350 19.852.001.470 26.147.688.438 6.295.686.969

945.960.977 892.976.815 892.976.815 0

3.328.904.392 3.328.904.392 3.350.689.491 21.785.099

RAPPORT FINANCIER ANNUEL 2021 / 11

Montant au début de l'exercice Variations de l'exercice Montant a la fin de l'exercice

798.534.249 165.602.496 632.931.753 90.892.025 95.314.647 -4.422.622 889.426.274 260.917.143 628.509.131

9.200.189.238 1.168.896.526 8.031.292.712 907.157.217 175.236.978 731.920.239 10.107.346.455 1.344.133.504 8.763.212.951

23.630.219.121 455.194.052 23.175.025.069 625.818.447 -2.891.193 628.709.640 24.256.037.568 452.302.859 23.803.734.709

811.689.187 811.689.187 -207.712.181 -207.712.181 603.977.006 603.977.006

Provisions pour aléas financiers

680.863.220 680.863.220 681.290.523 681.290.523 1.362.153.743 1.362.153.743

644.410.439 644.410.439 101.269.293 101.269.293 745.679.732 745.679.732

22.639.173 22.639.173 22.639.173 22.639.173

26.651.065 6.332.252 20.318.813 5.258.070 1.284.490 3.973.580 31.909.135 7.616.742 24.292.393

Montant DOTATIONS REPRISES Montant

NATURE au début de D'exploitation financières non D'exploitation financières non à la fin de

852.945.585 29.555.333 274.641.882 607.859.036

3 - Provisions durables pour risques et charges

852.945.585 29.555.333 274.641.882 607.859.036

1.289.127.053 126.711.580 1.415.838.634

5 - Autres provisions pour risques et charges

6 - Provisions pour dépréciation des comptes de trésorer

2.142.072.639 156.266.913 274.641.882 2.023.697.670

RAPPORT FINANCIER ANNUEL 2021 / 12

ANALYSE PAR ECHEANCE AUTRES ANALYSES

15.227.508.436,12 14.736.374.354,08 391.134.082,04 100.000.000,00 0,00 10.346.797.525,78 1.900.000.000,00 123.106.276,44

7.391.630.388,20 0,00 7.391.630.388,20 0,00 0,00 523.694.860,39 0,00 0,00

22.619.138.824,32 14.736.374.354,08 7.782.764.470,24 100.000.000,00 0,00 10.870.492.386,17 1.900.000.000,00 123.106.276,44

ETAT B7 - TABLEAU DES DETTES (31/12/2021)

ANALYSE PAR ECHEANCE AUTRES ANALYSES

DES AUTRES PASSIFS CIRCULANTS

3.017.832.054,74 3.017.832.054,74 239.199.828,67 108.505,04

3.021.560.384,66 3.728.329,92 3.017.832.054,74 239.199.828,67 108.505,04

RAPPORT FINANCIER ANNUEL 2021 / 13

TABLEAU I - SURETES REELLES DONNEES

TABLEAU II - SURETES REELLES RECUES

ETAT B9 - ENGAGEMENTS FINANCIERS REÇUS OU DONNES HORS

ENGAGEMENTS DONNES Montants exercice Montants exercice

TOTAL 0,00 0,00

ENGAGEMENTS RECUS Montants exercice Montants exercice

TOTAL 0,00 0,00

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