Groupama // Universal Registration Document 2022

7

FINANCIAL STATEMENTS Combined financial statements and notes

7.7 Breakdown of unlisted investments (in millions of euros)

31.12.2022

31.12.2021

Equities at fair value

1,497

1,075

Bonds and other fixed ‑ income securities at fair value

137

151

Other investments at fair value Loans at amortised cost

155

135

Other investments at amortised cost

1,014

1,215

TOTAL UNLISTED INVESTMENTS

2,803

2,577

As at 31 December 2022, total long ‑ term reserves for listed investments measured at fair value were €94 million, compared with €100 million as at 31 December 2021.

7.8 Breakdown of the bond portfolio The presentations below pertain to only bond investments held directly or through consolidated mutual funds and do not take into account other investments with similar features (bond mutual funds, rate mutual funds, bond funds, etc.).

7.8.1 Bond portfolio by rate The table below shows the Group’s exposure to interest rate risks at the close of each fiscal year.

31.12.2022

31.12.2021

Fixed rate Variable rate

Total

Fixed rate Variable rate

Total

(in millions of euros)

Listed bonds Available ‑ for ‑ sale

38,066

6,827

44,893

52,670

1,659

54,329

Classified as “trading” Classified as “held for trading”

154

355

509

334

258

591

Total listed bonds

38,220

7,182

45,402

53,004

1,917

54,921

Unlisted bonds Available ‑ for ‑ sale

131

4

136

142

5

148

Classified as “trading” Classified as “held for trading”

1

1

4

4

Total unlisted bonds

133

4

137

146

5

151

TOTAL BOND PORTFOLIO

38,353

7,186

45,540

53,150

1,923

55,072

Indexed and stripped bonds are now considered floating ‑ rate bonds.

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Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES