Groupama // Universal Registration Document 2022

7

FINANCIAL STATEMENTS Combined financial statements and notes

7.8.2 Bond portfolio – by maturity The profile of the annual maturities of the bond portfolios, including consolidated mutual funds, is as follows:

31.12.2022

31.12.2021

< 1 year 1 to 5 years

> 5 years

Total

< 1 year 1 to 5 years

> 5 years

Total

(in millions of euros)

Listed bonds Available ‑ for ‑ sale

4,473 15,398 25,023 44,893

3,827 18,155 32,347 54,329

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

40

143

327

509

143

105

343

591

Total listed bonds

4,512 15,541 25,350 45,402

3,971 18,260 32,690 54,921

Unlisted bonds Available ‑ for ‑ sale

35

94

6

136

34

10

104

148

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

1

1

1

3

1

4

Total unlisted bonds

36

95

6

137

36

11

104

151

TOTAL BOND PORTFOLIO

4,548 15,636 25,356 45,540

4,007 18,271 32,794 55,072

The distribution of the bond portfolio thus shows that the types of investments favoured by the Group are primarily long ‑ term bonds (over 5 years) with fixed rates.

7.8.3 Bond portfolio – by rating The presentations below pertain only to bond investments held directly or through consolidated mutual funds and do not take into account other investments with similar features (bond mutual funds, fixed ‑ income mutual funds, bond funds, etc.).

31.12.2022

AAA

AA

A

BBB

Not rated

Total

(in millions of euros)

Listed bonds Available ‑ for ‑ sale

2,214

19,078

9,568

13,236

533

265

44,893

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

14

19

453

10

6

7

509

Total listed bonds

2,228

19,097

10,021

13,245

539

272

45,402

Unlisted bonds Available ‑ for ‑ sale

4

114

2

16

136

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

1

1

Total unlisted bonds

4

115

2

16

137

TOTAL BOND PORTFOLIO

2,228

19,097

10,026

13,360

541

288

45,540

222

Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES