GROUPAMA / 2018 Registration document

7 FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS AND NOTES

Breakdown of unlisted investments

Note 7.7

31.12.2018

31.12.2017

(in millions of euros)

Equitiesat fair value

283

233

Bonds andotherfixed-income securities at fair value

142

150

Other investments at fair value Loansat amortised cost

125

141

Other investments at amortised cost

1,104

1,025

TOTAL UNLISTED INVESTMENTS

1,654

1,549

As at 31 December2018, total long-termreserves for listed investmentsvalued at fair value were €42 million,comparedwith €39 millionas at 31 December2017.

Breakdown of the bond portfolio Note 7.8 The presentations below pertain to only bond investments held account other investments with similar features (bond mutual directly or through consolidatedmutual funds and do not take into funds, rate mutual funds, bond funds, etc.).

Bondportfolio –by rate Note 7.8.1 The table belowshows the Group’s exposure to interest rate risksat the closeof each fiscal year.

31.12.2018

31.12.2017

Fixed rate Variable rate

Total

Fixed rate Variable rate

Total

(in millions of euros)

Listedbonds Available-for-sale

47,803

1,450

49,253

48,673

1,265

49,938

Classified as “trading” Classified as “held fortrading”

815

25

840

679

65

744

Total listed bonds

48,618

1,475

50,093

49,352

1,331

50,683

Unlisted bonds Available-for-sale

89

24

113

96

25

120

Classified as “trading” Classified as “held fortrading”

5

23 47

29

6

24 48

29

Total unlisted bonds

94

142

101

150

TOTAL BOND PORTFOLIO

48,713

1,522

50,235

49,453

1,380

50,832

222

REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES