Groupama // Universal Registration Document 2022

7

FINANCIAL STATEMENTS Combined financial statements and notes

with the new financial environment. Ex ‑ post comparative analyses of business plan data and actual data for the main income statement totals (combined ratio, underwriting income etc.) have been carried out and have had no impact on the impairment tests. Sensitivity tests have been carried out on the value in use applied, with the following change assumptions: For CGU goodwill in Central and Eastern European countries, a combined increase of 100 basis points in the discount rate and yield rate would lead to a hedging surplus of €382 million (whereas a drop of 100 basis points would result in a hedging surplus of €421 million). On this same CGU, the sensitivity test on the long ‑ term growth rate would result in a hedging surplus of €372 million if it were to fall by 50 basis points (the surplus would be €426 million with an increase of 50 basis points). For the goodwill of the CGU of the Greek subsidiary, Groupama Phoenix, an increase of 100 basis points in the discount rate would lead to a surplus of €53 million (while a lowering of the discount rate by 100 basis points would result in a surplus of €163 million). The sensitivity test on a drop in the long ‑ term rise of 100 basis points in the discount rate; and ❯ decline of 50 basis points in the long ‑ term rate of growth. ❯

growth rate of 50 basis points would result in a hedging surplus of €82 million (the surplus would be €115 million with an increase of 50 basis points). For the CGU of the Italian subsidiary Groupama Assicurazioni, the sensitivity test on an increase of 100 basis points in the discount rate would lead to a surplus of €357 million, while a decrease of 100 basis points would result in a surplus of €759 million. The test on a decrease in the long ‑ term growth rate of 50 basis points would result in a surplus of €478 million, whereas an increase of 50 basis points would give a surplus of €581 million. For the CGU of the French subsidiary, Gan Assurances, the sensitivity test on an increase of 100 basis points in the discount rate would lead to a surplus of €523 million, while a decrease of 100 basis points would result in a surplus of €931 million. The test on a decrease in the long ‑ term growth rate of 50 basis points would result in a surplus of €648 million, whereas an increase of 50 basis points would give a surplus of €748 million. The simultaneous occurrence of all adverse or favourable scenarios would have an impact nearly identical to the aggregate of the individual impacts.

2.2 Goodwill - Broken down by cash ‑ generating unit

31.12.2022

Foreign exchange adjustment

Gross value

Impairment

Net value

(in millions of euros)

Central and Eastern European countries

1,031

(502)

(232)

297

Italy

781

(228)

553

Greece

131

(48)

83

Total International

1,943

(778)

(232)

934

Groupama Gan Vie

470

470

Gan Assurances

196

196

Financial businesses, property and other insurance companies

36

36

Total France and Overseas

701

701

CLOSING VALUE

2,645

(778)

(232)

1,635

204

Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES