GROUPAMA / 2018 Registration document

FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS AND NOTES

Investment income net ofmanagement expenses Note 34.2.2 (income breakdown by type of asset) –International

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

(2)

1

0

(2)

1

(2)

(3)

Equities

1

2

(1)

3

1

2

3

Bonds

168

3

(1)

170

178

13

191

Equity mutual funds

6

18

(23)

1

7

3

22

32

UCITS: Cashandcash equivalents (repurchase transactions) Other cash mutual funds

(1)

(1)

(1)

Bondmutual funds

5

(5)

(2)

(2)

5

5

Derivatives Other investment income

15

2

(7)

9

10

2

(7)

6

Investment income

193

20

(33)

180

199

21

15

(2)

232

Internalandexternal management expenses

(8)

(8)

(8)

(8)

Other investment expenses

(15)

(15)

(12)

(12)

Investment expenses

(23)

(23)

(20)

(20)

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

170

20

(33)

157

179

21

15

(2)

212

7

7

7

26

26

(29)

(29)

(10)

(10)

(22)

(22)

16

16

TOTAL

170

20

(55)

135

179

21

31

(2)

228

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

265

REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES