Groupama // Universal Registration Document 2022

7

FINANCIAL STATEMENTS Combined financial statements and notes

36.2.1 Investment income net of management expenses (income breakdown by type of asset) – France

31.12.2022

31.12.2021

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

34 469

(6)

496

24 112

(25)

111

Equities

56

71

39

(8)

159

31

38

30 (11)

88

Bonds

1,215 (71)

(104)

(6)

1,033 1,177

79

(7)

(1)

1,248

Equity mutual funds

44 103

27

173 118 102

92

312

Mutual funds: Cash from repurchase agreements

(1)

2

1

(21)

(1)

(22)

Other cash mutual funds

(8)

(1)

(9)

Bond mutual funds

103 (36)

(85)

(12)

(30)

57

16

(5)

68

Derivatives

(12)

(12)

12

12

Other investment income

208 150

(1)

358 246

49

(2)

(4)

288

Investment income

1,660 684 (132)

(33)

2,179 1,653 367 123 (47)

2,096

Internal and external management expenses and expenses on financial instruments

(317)

(317)

(350)

(350)

Other investment expenses

(68)

(68)

(14)

(14)

Investment expenses

(386)

(386)

(364)

(364)

Financial income net of expenses 1,275 684 (132)

(33)

1,793 1,289 367 123 (47)

1,731

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

541

541

1,332

1,332

(2,450)

(2,450)

(96)

(96)

(1,909)

(1,909)

1,236

1,236

TOTAL

1,275 684 (2,041)

(33)

(116)

1,289 367 1,359 (47)

2,968

* Net of write ‑ back of impairment and amortisation.

262

Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES