UNIVERSAL REGISTRATION DOCUMENT 2023

7 FINANCIAL STATEMENTS Combined financial statements and notes

17.3 Post ‑ employment benefits recognised through the income statement and profits/ losses recognised directly in shareholders’ equity (in millions of euros) 31.12.2023 31.12.2022 Cost of services: Cost of past services (14) (18) Cost of past services and profit/loss on liquidation 4 0 Net interest on net actuarial debt (7) (1) Other 0 COMPONENT OF THE EXPENSE RECOGNISED IN THE INCOME STATEMENT (17) (19) Revaluation of net actuarial debt: Portion of return on hedging assets not recognised in the income statement (38) (130) Actuarial differences resulting from changes in demographic assumptions 5 (3) Actuarial differences resulting from changes in financial assumptions 6 198 Experience ‑ related adjustments 0 (14) Change in effect of asset cap 0 0 COMPONENT OF THE EXPENSE RECOGNISED THROUGH PROFIT/LOSSES POSTED DIRECTLY UNDER SHAREHOLDERS’ EQUITY (26) 50

17.4 Information on employee benefits – Breakdown of hedging assets (in millions of euros) 31.12.2023

31.12.2022

Equities

66

53

Bonds

0

0

Other

213

248

FAIR VALUE OF HEDGING ASSETS

278

301

17.5 Sensitivity analyses The sensitivity to an increase of 50 basis points in the discount rate is -5% on the total gross actuarial debt for France and -5.4% for the United Kingdom.

Sensitivity to social commitments in relation to illness cover: at 31 December 2023, actuarial debt for illness cover amounted to €7 million. The sensitivity of this debt to an increase of 50 basis points in the discount rate is -3.5%.

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Universal Registration Document 2023 GROUPAMA ASSURANCES MUTUELLES