GROUPAMA / 2018 Registration document

7 FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS AND NOTES

Investment income net ofmanagement expenses Note 34.2.1 (income breakdown by type of asset) –France

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

56

347

(11)

392

65

215

(12)

267

Equities

48

26

(3)

71

52

143

(12)

183

Bonds

1,194

64

(30)

1,228

1,220

11

13

1,243

Equity mutual funds

119

18

(37)

101

87

7

(22)

72

UCITS: Cashandcash equivalents (repurchase transactions)

(15)

(2)

(17)

(15)

(1)

(16)

Other cash mutual funds

(9)

(3)

(11) (28)

(6)

(1)

(7)

Bondmutual funds

37

(28)

(38)

47

6

25

78

Derivatives

63

63

129

129

Other investment income

196

6

25

1

227

182

3

(23)

2

164

Investment income

1,651

410

(22)

(14)

2,025

1,651

364

119

(22)

2,112

Internalandexternal management expenses

(307)

(307)

(300)

(300)

Other investment expenses

(33)

(33)

(68)

(68)

Investment expenses

(340)

(340)

(368)

(368)

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

1,311

410

(22)

(14)

1,685

1,283

364

119

(22)

1,743

337

337

618

618

(1,045)

(1,045)

(111)

(111)

(708)

(708)

507

507

TOTAL

1,311

410

(730)

(14)

978

1,283

364

626

(22)

2,250

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

264

REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES