GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

Investment income net of management expenses 35.2.2 (income breakdown by type of asset) – International

31.12.2020

31.12.2019

Income and expenses

Income and expenses

Change in fair value

Change in reserves

Proceeds of disposal*

Change in fair value

Change in reserves

Proceeds of disposal*

Total

Total

(in millions of euros)

Property

(12)

1

(12)

(6)

1

(5)

Equities

1

(9)

(8)

1

1

2

Bonds

153

(5)

(1)

148

163

163

14

11

11

37

15

5

26

(1)

44

Equity mutual funds

Mutual funds: Cash from repurchase agreements Other cash mutual funds

1

(1)

(1)

Bond mutual funds

5

5

4

(1)

3

Derivatives Other investment income

24

(7)

17

18

10

(1)

27

Investment income

186

7

2

(9)

186

195

16

26

(2)

235

Internal and external management expenses and expenses on financial instruments

(10)

(10)

(8)

(8)

Other investment expenses

(19)

(19)

(15)

(15)

Investment expenses

(28)

(28)

(23)

(23)

Financial income net of expenses

158

7

2

(9)

158

172

16

26

(2)

212

Capital gains on securities representing unit-linked policies Capital losses on securities representing unit-linked policies Adjustments on unit-linked policies

38

38

62

62

(39)

(39)

(16)

(16)

(2)

(2)

46

46

TOTAL

158

7

1

(9)

157

172

16

72

(2)

258

Net of write-back of impairment and amortisation. *

228

Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES