GROUPAMA / 2019 Universal Registration Document

7 FINANCIAL STATEMENTS Annual financial statements and notes

Breakdown of employee expenses Note 22

31.12.2019

31.12.2018

(in thousands ofeuros)

Salaries

77,244

69,552

Social Securitycharges

31,148

31,278

Other

8,621

6,271

TOTAL

117,013

107,101

These figures correspondto the de facto GroupamaAssurancesMutuellesgroupingafter allocationto each of its constituents.In 2019, the average rate of expensesof the Group keptby Groupama Assurances Mutuelles is 73.2%.

Workforce Note 23

Employees ı

31.12.2019

31.12.2018

Total number

Senior management

131

142

Executives

981

920

Non-managerialstaff

165

171

TOTALEMPLOYEES

1,277

1,233

Directors’ compensation Note 24

At 31 December 2019, the gross annual remuneration (including supplementarypension commitmentsfor these members to date, benefits in kind) paid to members of the Groupama Assurances the total commitment at 31 December 2019 amounted to MutuellesManagementCommitteewas €7.0 million.As regardsthe €22.4 million.

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Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES