GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

7 FINANCIAL STATEMENTS Annual financial statements and notes

In October, Storm Alex, which struck Brittany before causing deadly floods in Alpes-Maritimes, left significant material damage across the territory, with around a hundred houses damaged or even completely destroyed and bridges and roads washed away, particularly in the Vésubie, Tinée, and Roya valleys.

Inclement weather (b) The year 2020 was marked by a substantial weather loss experience. Significant droughts took place in the summer, and some usually spared areas were affected, particularly in northern and northeastern France.

Post-balance sheet events 2

None.

Accounting principles, rules and methods 3

Underwriting operations 3.1 Groupama AssurancesMutuelles is engaged mainly in the following reinsurance operations: the reinsurance of each of the regional mutuals under the ❯ reinsurance agreement entered into with each of them; the reinsurance of other entities of the Group in France and ❯ internationally. GroupamaAssurancesMutuellesalso carries out non-life insurance operations in co-insurance and co-reinsurance groupings. Since the AntillesGuyaneregionalmutual is not licensedto conduct insurance operations, Groupama Assurances Mutuelles directly replaces this mutual to cover these operations.Under this principle, the corresponding figures reported in the financial statements contain the information reported as “direct business” after deducting “custody of the regional mutual”.

Groupama Assurances Mutuelles’s corporate financial statements are prepared and presented in accordance with the general accounting principles provided for in Articles L. 123-12 to L. 123-22 of the French Commercial Code and the provisions of the French InsuranceCode and the regulationsof the ANC (French accounting standards authority) no 2015-11of 26 November2015 et seq. relating to the annual financial statements of insurance undertakings.

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Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES