Groupama // 2021 Universal Registration Document

7 FINANCIAL STATEMENTS Combined financial statements and notes

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

31.12.2021

31.12.2020

Income and expenses

Proceeds of disposal *

Change in fair value

Change in reserves

Income and expenses

Proceeds of disposal *

Change in fair value

Change in reserves

Total

Total

(in millions of euros)

Property

(6)

(5)

(12)

1

(12)

Equities

1

3

4

1

(9)

(8)

Bonds

132

(2)

130

153

(5)

(1)

148

Equity mutual funds

6

16

29

51

14

11

11

37

Mutual funds: Cash from repurchase agreements Other cash mutual funds

(1)

(1)

(2)

1

(1)

Bond mutual funds

5

(1)

3

5

5

Derivatives Other investment income

44

5

(9)

41

24

(7)

17

Investment income

183

22

19

(1)

223

186

7

2

(9)

186

Internal and external management expenses and expenses on financial instruments

(9)

(9)

(10)

(10)

Other investment expenses

(33)

(33)

(19)

(19)

Investment expenses

(42)

(42)

(28)

(28)

Financial income net of expenses

141

22

19

(1)

180

158

7

2

(9)

158

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

80

80

38

38

(26)

(26)

(39)

(39)

55

55

(2)

(2)

TOTAL

141

22

74

(1)

235

158

7

1

(9)

157

Net of write-back of impairment and amortisation. *

230

Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES