GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

7 FINANCIAL STATEMENTS Annual financial statements and notes

Breakdown of employee expenses Note 22

31.12.2020

31.12.2019

(in thousands of euros)

Salaries

76,209

77,244

Social Security charges

41,566

31,148

Other

6,525

8,621

TOTAL

124,300

117,013

These figures correspondto the de facto GroupamaAssurancesMutuellesgroupingafter allocationto each of its constituents.In 2020, the average rate of expenses of the Group kepbty Groupama Assurances Mutuelles is 74.2%.

Workforce Note 23

Employees ı

31.12.2020

31.12.2019

Total number

Senior management

125

131

Executives

1,006

981

Non-managerial staff

157

165

TOTAL EMPLOYEES

1,288

1,277

Directors’ compensation Note 24

At 31 December 2020, the gross annual compensation (including supplementary pension commitments, currently benefiting these benefits in kind) paid to members of the Groupama Assurances members, the total commitment at 31 December 2020 was MutuellesManagementCommitteewas €7.8 million.As regards the €31.1 million.

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Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES