Groupama // 2021 Universal Registration Document

7 FINANCIAL STATEMENTS Annual financial statements and notes

7.3.3

NON-OPERATING INCOME STATEMENT

2021 net transactions

2020 net transactions

(in thousands of euros)

Underwriting income from Non-Life insurance

33,313

(52,910)

Investment income

Note 18

306,022

506,091

Investment income

278,661

514,797

Other investment income

21,172

(12,422)

Profits on the sale of investments

6,188

3,716

Investment expenses

Note 18

(234,336)

(229,885)

Internal and external investment management costs

(166,764)

(143,296)

Other investment expenses

(51,847)

(76,024)

Losses on the sale of investments

(15,725)

(10,565)

Transferred investment proceeds

(41,785)

(158,936)

Other non-underwriting income and expenses

Note 19

(17,293)

(17,816)

Other non-underwriting income

328

291

Other non-underwriting expenses

(17,622)

(18,107)

Extraordinary earnings

Note 20

(20,598)

(17,014)

Extraordinary income

25,049

82,086

Extraordinary expenses

(45,646)

(99,100)

Employee profit sharing

0

0

Income tax

Note 21

63,781

115,384

NET INCOME FOR FISCAL YEAR

89,103

144,913

269

Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES