GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

2 THE GROUP’S BUSINESSES International Insurance

Romania 2.3.4.2 The Romanian market was down -1.7% in life insurance and up +5.7% in non-life insurance at the end of September 2020. Groupama Asigurari generatedpremiumincome of €220 millionas of 31 December2020, driven in equal amountsby bancassurance, brokers, independentagents, and the direct network.Propertyand casualty insurance represents the bulk of business with premium income of €198 million. Bulgaria 2.3.4.3 At the end of 2020, premium income from the Bulgarian subsidiaries Groupama Zastrahovane and Groupama Jivotozastrahovaneamounted to €24 million, including €13 million in life and health insurance.

2.3.3

GREECE

The Greek market recovered with growth of 1.34% in non-life insurance and a decreaseof -5.41%in life insuranceas of the end of September 2020. The €148 millionin premiumincomeas of 31 December2020 was generated mainly by brokers and exclusive branches. Property and casualty insurance premium income was €83 million and represented60% of the business. In life and health insurance, Groupama Asfalistiki generated premium income of €65 million.

2.3.4

CENTRAL AND EASTERN EUROPEAN COUNTRIES (CEEC)

Groupama’s premium income for countries in Central and Eastern Europe amounted to €608 million as of 31 December 2020. The Group holds leading positions in Hungary and Romania.

2.3.5

OVERSEAS TERRITORIES

Gan Outre-Mer remains one of the major insurance players in the Pacific (New Caledonia,French Polynesia,Wallis and Futuna), with premiumincomeof €66 millionas of 31 December2020, including €57 million from property and casualty insurance.

Hungary 2.3.4.1 The Hungarian market was up 5.4% in non-life insurance and 2.4% in life insurance at the end of September 2020. Groupama Biztositogeneratedpremiumincome of €364 millionas of 31 December2020 via a highly diversified distribution network of branches, banking partnerships, brokers, and online subscription sites. As of 31 December 2020, life and health insurance represented €173 million, and property and casualty insurance represented €192 million.

2.3.6

CHINA

In China, the Groupama AVIC joint venture continued to develop during 2020 and is now ranked number 6 among foreign non-life insurers on the Chinese market, with premium income of €300 million as of 31 December 2020.

27 Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES