GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

Operating expenses – by business 38.2

31.12.2020

31.12.2019

Financial businesses

Financial businesses

Insurance

Total

Insurance

Total

(in millions of euros)

External expenses

(528)

(39)

(567)

(500)

(43)

(543)

Taxes other than income taxes

(146)

(7)

(154)

(143)

(6)

(149)

Personnel expenses

(799)

(66)

(865)

(801)

(63)

(864)

Commissions

(1,556)

(1,556)

(1,659)

(1,659)

Allocations to depreciation and provisions (net of write-backs)

(150)

(4)

(154)

(111)

(3)

(114)

Other expenses

(41)

(12)

(53)

(70)

(10)

(80)

TOTAL OPERATING EXPENSES BY NATURE

(3,220)

(127)

(3,348)

(3,285)

(125)

(3,410)

Breakdown of employee expenses 38.3

31.12.2020

31.12.2019

(in millions of euros)

Salaries

(531)

(528)

(190)

(183)

Social security expenses

Post-employment benefits

Defined contribution plans

(51)

(50)

Defined benefit plans

(7)

(6)

Anniversary days and employee awards

(2)

(2)

Other personnel benefits

(85)

(94)

ANNUAL SALARY EXPENSES

(865)

(864)

At 31 December2020, the gross annual compensation(includingbenefits in kind) paid to membersof the GroupamaAssurancesMutuelles Management Committee was €7.8 million. As regards the pension plan, the total commitment at 31 December 2020 amounted to €31.1 million.

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Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES