Groupama // Universal Registration Document 2022

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FINANCIAL STATEMENTS Combined financial statements and notes

25.3 Post ‑ employment benefits recognised through the income statement and profits/ losses recognised directly through Group’s IFRS equity (in millions of euros) 31.12.2022 31.12.2021 Cost of services: Cost of past services (18) (17) Cost of past services and profit/loss on liquidation (1) Net interest on net actuarial debt (1) (1) Other COMPONENT OF THE EXPENSE RECOGNISED IN THE INCOME STATEMENT (19) (19) Revaluation of net actuarial debt: Portion of return on hedging assets not recognised in the income statement (130) Actuarial differences resulting from changes in demographic assumptions (3) Actuarial differences resulting from changes in financial assumptions 198 7 Experience ‑ related adjustments (14) 4 Change in effect of asset cap COMPONENT OF THE EXPENSE RECOGNISED THROUGH PROFIT/LOSSES POSTED DIRECTLY UNDER GROUP’S IFRS EQUITY 50 11

25.4 Information pertaining to personnel benefits – distribution of hedging assets (in millions of euros) 31.12.2022 31.12.2021 Equities 53 66 Bonds Other 248 418 FAIR VALUE OF HEDGING ASSETS 301 484

25.5 Sensitivity analysis The sensitivity to an increase of 50 basis points in the discount rate is -5.1% on the total gross actuarial debt for France, and -5.8% for the United Kingdom.

Sensitivity to social commitments in relation to illness cover: at 31 December 2022, actuarial debt for illness cover amounted to €8 million. The sensitivity of this debt to an increase of 50basis points in the discount rate is -3.8%.

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Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES