GROUPAMA / 2019 Universal Registration Document

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

Bond portfolio – by maturity 7.8.2 The profile ofthe annualmaturitiesof the bond portfolios, including consolidated mutual funds, is as follows:

31.12.2019

31.12.2018

<1 year 1 to 5 years >5 years

Total

<1 year 1 to 5 years >5 years

Total

(in millions ofeuros)

Listedbonds Available-for-sale

2,610 15,545 34,076 52,232 2,252 14,376 32,625 49,253

Classifiedas “trading” Classified as “held for trading”

34

362

357

753

16

373

451

840

Total listed bonds

2,644 15,908 34,433 52,985 2,268 14,749 33,076 50,093

Unlistedbonds Available-for-sale

104

104

10

103

113

Classifiedas “trading” Classified as “held for trading”

2

15

17

1

28

29

Total unlistedbonds

2

15

104

121

1

38

104

142

TOTALBONDPORTFOLIO

2,645 15,923 34,537 53,106 2,269 14,786 33,179 50,235

The distributionof the bond portfolio thus shows that the types of investmentsfavoured by the Group are primarily long-termbonds (over 5 years) withfixed rates.

Bond portfolio – by rating 7.8.3

31.12.2019

AAA

AA

A

BBB

Total

(in millions ofeuros)

Listedbonds Available-for-sale

2,878

24,666

10,650

13,591

160

287

52,232

Classifiedas “trading” Classified as “held for trading”

54

48

618

20

13

753

Total listed bonds

2,932

24,714

11,268

13,612

160

300

52,985

Unlistedbonds Available-for-sale

5

99

1

104

Classifiedas “trading” Classified as “held for trading”

17

17

Total unlistedbonds

5

99

18

121

TOTALBONDPORTFOLIO

2,932

24,714

11,273

13,710

160

317

53,106

180

Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES