Investment group Investments included Consolidated value of owned investments 30.09.2022, EUR million Consolidated profit (loss) from the investment before the impact of income tax, EUR million during 9M 2022
Investment management and life insurance business (operational part)* Includes value and result from the management of money entrusted by clients,  eliminating own investments of the asset management and insurance business 8.8 (1.86
Investments in collective investment undertakings managed by INVL INVL Baltic Sea Growth Fund,
INVL Sustainable Timberland and Farmland Fund II,
INVL Renewable Energy Fund I,
INVL Baltic Real Estate,
INVL Technology,
Other products of INVL
30.2 (0.97)
Investments into banking sector AB Šiaulių bankas**,
Moldova-Agroindbank (maib)
34.6 (18.10)
Historical investments UAB Litagra,
Inservis group companies (sold in May 2022),
AB Vernitas,
UAB Kelio ženklai (loan)
22.3 3.57

*The accounting of business combination has not been completed, therefore, its impact is not reflected in the Group’s numbers for 9 months of 2022. The acquired life insurance business is consolidated. The final decision whether to consolidate or not the life insurance business will be taken at the time of issue of annual reports for 2022 upon receipt of the auditor’s confirmation regarding the compliance of such decision with the requirements of the accounting standards. 

*The positive or negative value of the forward (future acquisition from the EBRD) is included