GROUPAMA / 2018 Registration document

FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS AND NOTES

Investment income net of management expenses Note 34.2 (income breakdown by type of asset)

31.12.2018

31.12.2017

Income and expenses

Proceeds from disposal  (1)

Income and expenses

Proceeds from disposal  (1)

Change in fair value

Change in reserves

Change in fair value

Change in reserves

Total

Total

(in millions of euros)

Property

55 49

349

(11)

393

63

216

(15) (12)

264 186

Equities

28

(1)

(4)

74

53

145

Bonds

1,362

67

(31)

1,398

1,397

24

12

1,434

Equity mutual funds

125

36

(59)

101

94

10

104

UCITS: Cashandcash equivalents (repurchase transactions)

(15)

(2)

(17) (12)

(15)

(1)

(16)

Other cash mutual funds

(9)

(3)

(7)

(1)

(8)

Bondmutual funds

42

(33)

(40)

(31)

52

6

25

83

Derivatives

62

62

129

129

Other investment income

211

7

18

1

236

192

5

(30)

2

170

Investment income

1,844

431

(55)

(14)

2,205

1,851

384

134

(25)

2,344

Internalandexternal management expenses

(315)

(315)

(308)

(308)

Other investment expenses

(49)

(49)

(80)

(80)

Investment expenses

(363)

(363)

(389)

(389)

Investment income, netof expenses Capital gains on securities representing unit-linked policies Capital losses on securities representing unit-linked policies Adjustment on unit-linked policies

1,481

431

(55)

(14)

1,842

1,462

384

134

(25)

1,955

7

344

344

644

644

(1,074)

(1,074)

(121)

(121)

(730)

(730)

523

523

TOTAL

1,481

431

(785)

(14)

1,112

1,462

384

657

(25)

2,479

Net of write-back of impairment and amortisation. (1)

263

REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES