Groupama // Universal Registration Document 2022

7

FINANCIAL STATEMENTS Combined financial statements and notes

In accordance with the fair value hierarchy established in IFRS 13, the fair value of investment property is classified as level 2 for €3,236 million and level 3 for €661 million. The

Level 2 investment property comprises mainly property located in Paris, or the Greater Paris region, the fair value of which is based on observable data.

5.1 Investment property - by operating segment

31.12.2022

31.12.2021

Property

SCI units

Property

SCI units

Interna

Interna

Interna

Interna

France

tional

Total

France

tional

Total

France

tional

Total

France

tional

Total

(in millions of euros)

Gross value

2,309 13 2,322 273

273 2,204 15 2,219 215

215

Cumulative amortisation & impairment Long ‑ term impairment

(310)

(4)

(313)

(312)

(4)

(316)

(69)

(1)

(70)

(9)

(9)

(67)

(1)

(69)

(3)

(3)

Closing net value

1,931

8 1,939 264

264 1,825

9 1,834 212

212

Closing fair value of investment property

3,424 21 3,445 453

453 3,541 24 3,565 402

402

UNREALISED CAPITAL GAINS (LOSSES)

1,493 13 1,506 189

189 1,716 15 1,731 190

190

211

Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES