UNIVERSAL REGISTRATION DOCUMENT 2023

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 combined financial statements of Groupama Assurances Mutuelles for the fiscal year ended 31 December 2022 and the corresponding statutory auditors’ report appear on pages 172 to 297 and 298 to 301, respectively, of Universal Registration Document number D.23 ‑ 0367 filed with the AMF on 27 April 2023; ❯ the combined financial statements of Groupama Assurances Mutuelles for the fiscal year ended 31 December 2021 and the corresponding statutory auditors’ report appear on pages 146 to 261 and 262 to 265, respectively, of Universal Registration Document number D.22 ‑ 0374 filed with the AMF on 28 April 2022. ❯

7.1 COMBINED FINANCIAL STATEMENTS AND NOTES

7.1.1 COMBINED BALANCE SHEET

Assets ı

31.12.2023

31.12.2022

01.01.2022

(in millions of euros)

Goodwill

Note 2

1,641

1,635

1,648

Other intangible assets

Note 4

435

412

407

Intangible assets

2,077

2,047

2,055

Investment property

Note 5

2,214

2,288

2,135

Operating property

Note 6

948

882

883

Financial investments

Note 8

82,351

76,056

89,354

Derivatives and separate embedded derivatives

Note 9

14

24

44

Investments of insurance businesses and other businesses

85,528

79,249

92,415

Investments in related companies and joint ventures under the equity method

Note 10

163

172

193

Insurance contract assets

Note 19

15

11

17

Reinsurance contract assets

Note 20

1,762

1,563

1,293

Other property, plant and equipment

Note 11

332

301

279

Deferred tax assets

Note 12

200

183

463

Current tax receivables and other tax receivables

Note 13

250

295

212

Capitalised acquisition costs

0

0

0

Other receivables

Note 14

632

890

921

Other assets

1,414

1,669

1,876

Assets held for sale and discontinued business activities

Note 3

0

269

0

Cash and cash equivalents

990

1,337

1,678

TOTAL

91,948

86,316

99,528

The figures presented for 31 December 2022 are pro forma .

204

Universal Registration Document 2023 GROUPAMA ASSURANCES MUTUELLES