Groupama // Universal Registration Document 2022

7

FINANCIAL STATEMENTS Combined financial statements and notes

Financial investments (excluding unit ‑ linked items)

Note 7

31.12.2022

31.12.2022

Net value

Net value

(in millions of euros)

Assets valued at fair value

62,425

74,143

Assets valued at amortised cost

1,169

1,350

TOTAL FINANCIAL INVESTMENTS EXCLUDING UNIT ‑ LINKED ITEMS

63,594

75,493

Total financial investments (excluding real estate, UL items, and derivatives) as at 31 December 2022 were €63,594 million, compared with €75,493 million as at 31 December 2021, representing a drop of €11,899. This decrease was mainly due to a drop in the fair value of fixed ‑ income assets and other available ‑ for ‑ sale fixed ‑ income investments owing to the

context of the financial markets. Bond repurchase agreements generated €3,735 million versus €3,917 million as at 31 December 2021. The cash from these repurchase agreements is invested in specific funds held directly.

7.1 Investments measured at fair value by operating segment

31.12.2022

Gross unrealised capital gains (losses)

(1)

Net amortised cost

Fair value

France International

Total

France International

Total

France International

Total

(in millions of euros)

Available ‑ for ‑ sale assets Equities and other variable ‑ income investments Bonds and other fixed ‑ income investments Other investments Total available ‑ for ‑ sale assets Trading assets Equities and other variable ‑ income investments classified as “trading” Equities and other variable ‑ income investments classified as “held for trading” Bonds and other fixed ‑ income investments classified as “trading” Bonds and other fixed ‑ income investments classified as “held for trading” Cash mutual funds classified as “trading” Cash mutual funds classified as “held for trading” Other investments classified as “trading” Other investments classified as “held for trading” Total trading assets TOTAL INVESTMENTS VALUED AT FAIR VALUE

3,457

265 3,722 4,146

275 4,421

689

10

699

47,894

4,957 52,852 44,092

4,511 48,603 (3,802)

(447)

(4,249)

51,351

5,223 56,574 48,238

4,786 53,024 (3,113)

(437)

(3,550)

2

2

2

2

1,531

57 1,587 1,531

57 1,587

10

10

10

10

2,197

22 2,219 2,197

22 2,219

3,464

10 3,474 3,464

10 3,474

1,855

253 2,108 1,855

253 2,108

9,059

342 9,401 9,059

342 9,401

60,410

5,565 65,975 57,297

5,128 62,425 (3,113)

(437)

(3,550)

(1) For investments measured at fair value, the net value on the balance sheet corresponds to the fair value.

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Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES