GROUPAMA / 2019 Universal Registration Document

1 OVERVIEW OF THE GROUP

Organisation of the Group and Groupama Assurances Mutuelles

1.2

ORGANISATION OF THE GROUP AND GROUPAMA 

ASSURANCES MUTUELLES

Local mutuals

Combined scope of consolidation

Regional Mutuals *

Members + mutual certi cates (MC)

Groupama Assurances Mutuelles

100%

Consolidated scope

Groupama Holding Filiales et Participations

Financial subsidiaries

French insurance subsidiaries

French services subsidiaries

International subsidiaries

*9 regional mutuals in metropolitan France, 2 overseas mutuals, and 2 specialist mutuals. Reinsurance.

1.2.1

GENERAL ORGANISATION

Groupama Assurances Mutuelles, a national agricultural reinsurancemutual, is a legal structure without capital, the central body of the Groupama network. Its main missions are as follows: to ensure the cohesionand proper operationof the organisations ● within theGroupama network; to exerciseadministrative,technicaland financialcontrol over the ● structure and management of the organisations within the Groupama network; to define and implement the Groupama group’s operational ● strategy, in consultationwith the regionalmutuals; to reinsurethe regional mutuals; ● to directall subsidiaries; ● to establish the external reinsurance programme for the entire ● Group; to prepare the consolidated and combined financial statements. ● The company is governed with respect to its activities by the provisions of the French Insurance Code and the French Commercial Code and is subject to the supervision of the French Prudential Supervisionand Resolution Authority (ACPR).

The Group has a governancemethod which empowers everyone involved within the organisation. Members elect their representativesat the local level (33,500 elected representatives), who in turn elect their representativesat the regional and national levels. The Directors, who are all policyholders of the mutual insurance company, control all the Boards of Directors of the entities within the mutual insurance group. They select the Managers, who handle operating activities. The elected representatives thus participate in all of the Group’s decision-making bodies, whether for local (2,800), regional (9 regional mutuals in metropolitanFrance, 2 overseasmutuals and 2 specialised mutuals), or national mutuals, through the Boards of Directorsof GroupamaAssurancesMutuellesand its main direct or indirect subsidiaries. There arethereforetwo scopeswithin Groupama: the combinedscope, which includes all the entities of the Group ● and all of the activities of the regionalmutuals; the consolidated scope of which Groupama Assurances ● Mutuelles is the parent company. In addition to the activities of the subsidiaries,its business lines include approximately35% of the activity of the regional mutuals, which is captured by the Internal Reinsurance mechanism.

6 Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES