Groupama // 2021 Universal Registration Document

7 FINANCIAL STATEMENTS Combined financial statements and notes

Pursuant to Article 19 of Regulation (EU) 2017/1129, the following information has been incorporated into this Universal Registration Document: the consolidated financial statements of Groupama Assurances Mutuelles for the fiscal year ended 31 December 2020 and the ❯ corresponding statutory auditors’ report appear on pages 146 to 266 and 267 to 270, respectively, of Universal Registration Document number D.21-0345 filed with the AMF on 23 April 2021; the consolidated financial statements of Groupama Assurances Mutuelles for the fiscal year ended 31 December 2019 and the ❯ corresponding statutory auditors’ report appear on pages 138 to 259 and 260 to 263, respectively, of Universal Registration Document number D.20-0370 filed with the AMF on 28 April 2020.

7.1

COMBINED FINANCIAL STATEMENTS AND NOTES

7.1.1

COMBINED BALANCE SHEET

Assets ı

31.12.2021

31.12.2020

(in millions of euros)

Goodwill

Note 2

1,648

1,654

Other intangible assets

Note 3

407

366

Intangible assets

2,055

2,020

Investment property excluding unit-linked items

Note 4

2,047

1,415

Unit-linked investment property

Note 7

88

108

Operating property

Note 5

883

1,117

Financial investments excluding unit-linked items

Note 6

75,493

78,429

Unit-linked financial investments

Note 7

13,167

11,286

Derivatives and separate embedded derivatives

Note 8

39

49

Insurance business investments

91,718

92,403

Uses of funds for financial sector businesses

Note 9

163

134

Investments in related companies and joint ventures under the equity method Share of outward reinsurers and retrocessionaires in liabilities relating to insurance policies and financial contracts

Note 10

177

254

Note 11

1,494

1,418

Other property, plant, and equipment

Note 12

279

283

Deferred acquisition costs

Note 13

272

263

Deferred profit-sharing assets

Note 14

3

Deferred tax assets

Note 15

51

32

Receivables arising from insurance and inward reinsurance operations

Note 16

2,555

2,724

Receivables from outward reinsurance operations

Note 17

171

248

Current tax receivables and other tax receivables

Note 19

285

324

Other receivables

Note 20

3,686

3,344

Other assets

7,301

7,218

Assets held for sale and discontinued business activities Cash and cash equivalents

Note 21

1,561

1,254

TOTAL

104,469

104,702

146

Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES