Groupama // Universal Registration Document 2022

7

FINANCIAL STATEMENTS Combined financial statements and notes

7.10 Information required by the amendment to IFRS 4 in the event of a temporary exemption from the application of IFRS 9 The breakdown of the Group’s financial investments between i) SPPI (Solely Payment of Principal and Interest) financial assets not held for trading and where neither management nor assessment of performance is based on the fair value, and ii) other assets is as follows:

31.12.2022

31.12.2021

Change

SPPI* financial assets not held for trading where neither management

SPPI* financial assets not held for trading where neither management

SPPI* financial assets not held for trading where neither management

nor assessment of performance is based on the fair value

nor assessment of performance is based on the fair value

nor assessment of performance is based on the fair value

Other assets Total

Other assets Total

Other assets

Total

(in millions of euros)

Equities and other variable ‑ income investments Bonds and other fixed ‑ income investments

6,011 6,011

6,381 6,381

(370)

(370)

44,223 6,609 50,832

53,361 8,265 61,626

(9,138) (1,656) (10,794)

Cash mutual funds

5,582 5,582

6,136 6,136

(554)

(554)

Other investments Total financial investments valued at fair value Loans, deposits, other investments at amortised cost TOTAL OF FINANCIAL INVESTMENTS EXCLUDING UNIT ‑ LINKED ITEMS

44,223 18,202 62,425

53,361 20,782 74,143

(9,138) (2,580) (11,718)

1,044 124 1,169

1,228 122 1,350

(184)

3 (181)

45,268 18,326 63,594

54,590 20,903 75,493

(9,322) (2,577) (11,899)

Unit ‑ linked financial investments

11,888 11,888

13,167 13,167

(1,279)

(1,279)

* Solely Payment of Principal and Interest (SPPI) assets are securities whose contractual terms give rise, on specified dates, to cash flows that correspond solely to principal and interest payments on outstanding principal.

The table below breaks down by rating those SPPI investments not held for trading where neither management nor assessment of performance is based on the fair value.

31.12.2022

AAA

AA

A

BBB

Total

(in millions of euros)

Financial assets at book value determined according to IAS 39 SPPI* financial assets not held for trading where neither management nor assessment of performance is based on the fair value

2,113 19,008

9,674 13,216

526

730 45,268

2,113 19,008

9,674 13,216

526

729 45,268

* Solely Payment of Principal and Interest (SPPI) investments are securities whose contractual terms give rise, on specified dates, to cash flows that correspond solely to principal and interest payments on outstanding principal.

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Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES