Groupama // Universal Registration Document 2022

7

FINANCIAL STATEMENTS Combined financial statements and notes

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

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

(6)

1

(4)

(6)

(5)

Equities

3

9

(1)

11

1

3

4

Bonds

123 (15)

1

108 132

(2)

130

Equity mutual funds

9

32 (26)

15

6

16

29

51

Mutual funds: Cash from repurchase agreements Other cash mutual funds

(1)

(1)

(2)

Bond mutual funds

5

(3)

1

5

(1)

3

Derivatives Other investment income

54

(7)

47

44

5

(9)

41

Investment income

188

27 (33)

(3)

179 183

22

19

(1)

223

Internal and external management expenses and expenses on financial instruments

(9)

(9)

(9)

(9)

Other investment expenses

(30)

(30)

(33)

(33)

Investment expenses

(39)

(39)

(42)

(42)

Financial income net of expenses

149

27 (33)

(3)

140 141

22

19

(1)

180

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

25

25

80

80

(115)

(115)

(26)

(26)

(90)

(90)

55

55

TOTAL

149

27 (123)

(3)

50 141

22

74

(1)

235

* Net of write ‑ back of impairment and amortisation.

263

Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES