GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

Investment income net of management expenses 35.2 (income breakdown by type of asset)

31.12.2020

31.12.2019

Income and expenses

Proceeds of disposal*

Income and expenses

Proceeds of disposal*

Change in fair value

Change in reserves

Change in fair value

Change in reserves

Total

Total

(in millions of euros)

Property

21

165

(9)

178

31

551

2

584

Equities

25

76

(3)

(48)

50

91

44

135

Bonds

1,267

(10)

(18)

1,239 1,293

34

8

1,335

97

26

(7)

115

136

11

(11)

(1)

134

Equity mutual funds

Mutual funds: Cash from repurchase agreements

(16)

(17)

(13)

(3)

(16)

Other cash mutual funds

1

(7)

(7)

(7)

(1)

(8)

Bond mutual funds

47

(4)

52

(1)

95

40

(35)

56

(1)

59

Derivatives

81

81

(25)

(25)

Other investment income

159

11

20

(1)

188

188

15

(48)

155

Investment income

1,617

241

123

(58)

1,923 1,778

602

(24)

(1)

2,354

Internal and external management expenses and expenses on financial instruments

(222)

(222)

(292)

(292)

Other investment expenses

(71)

(71)

(54)

(54)

Investment expenses

(292)

(292)

(346)

(346)

Financial income net of expenses Capital gains on securities representing unit-linked policies Capital losses on securities representing unit-linked policies

1,325

241

123

(58)

1,630 1,432

602

(24)

(1)

2,008

1,769

1,769

1,562

1,562

(1,489)

(1,489)

(92)

(92)

Adjustments on unit-linked policies

279

279

1,470

1,470

TOTAL

1,325

241

402

(58)

1,910 1,432

602 1,445

(1)

3,478

Net of write-back of impairment and amortisation. *

226

Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES