GROUPAMA / 2019 Universal Registration Document

6

EARNINGS AND FINANCIAL POSITION

6.1

CHARACTERISTICS OF THE MUTUAL CERTIFICATES AND REMUNERATION POLICY Legal regime for mutual certificates 6.3.1 Characteristics of the mutual certificates 6.3.2 issued by Groupama Assurances Mutuelles 6.3

MANAGEMENT REPORT OF THE BOARD OF DIRECTORS

108

133

Environment 6.1.1

108 110 111 112 127

133

Significant events of fiscal year 2019 6.1.2 Post-balance sheet events 6.1.3 Analysis of financial statements 6.1.4

133 133

Debt 6.1.5

Remuneration policy 6.3.3

Risk management and reliability 6.1.6 of financial information

127 129

6.4

CASH AND GROUP FINANCING

134

Financial futures policy 6.1.7

Analysis of the annual financial 6.1.8 statements for the fiscal year

Cash and cash equivalents 6.4.1 Issuer’s financing structure 6.4.2 Employment and cash 6.4.3

134 134 135

129 131

Outlook 6.1.9

6.2

DIVIDEND DISTRIBUTION POLICY

132

6.5

ADMINISTRATIVE, JUDICIAL, OR ARBITRATION PROCEEDINGS

135

Dividends paid over the past three 6.2.1 fiscal years

132 132 132

Distribution policy 6.2.2 Statute of limitations 6.2.3

107

Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES