GROUPAMA / 2019 Universal Registration Document

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

Investments representing commitments in unit-linked Note 8 investments

31.12.2019

31.12.2018

France International

Total

France International

Total

(in millions ofeuros)

Variable-incomesecuritiesand related securities

3

3

3

3

Bonds

2,672

262

2,934

2,551

397

2,948

Equitymutual fund units

6,327

198

6,525

5,220

171

5,391

Bond and other mutual fund units

350

485

835

197

251

448

Other investments

96

96

145

145

Subtotal of unit-linkedfinancialinvestments

9,349

1,043

10,392

7,968

968

8,935

Unit-linkedinvestmentproperty

105

105

110

110

Subtotal of unit-linkedinvestmentproperty

105

105

110

110

TOTAL

9,454

1,043

10,497

8,077

968

9,045

The unit-linked (UL) investments are solely connectedto the Lifeand Health Insurancebusiness.

185

Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES