GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

7 FINANCIAL STATEMENTS

Statutory auditors’ report on the annual financial statements

The fair presentationand the consistencywith the annual financial statements of the information relating to payment Article D. 441-6 of the French Commercial Code call for the following comment: As indicatedin the managementreport, this informationdoes not include insuranceand reinsuranceoperations,as your companyconsiders that they do not fall within the scope of the information to be produced, in accordancewith the circular of the Fédération Française de l’Assurance of 29 May 2017.

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OTHER VERIFICATIONS OR INFORMATION REQUIRED BY LAWS AND REGULATIONS

Format for the presentation of annual financial statements to be included in the annual financial report In accordancewith Article 222-3 IIIof the AMF General Regulation, your company’smanagement informed us of its decision to postpone the application of the single electronic reporting format as defined by Commission Delegated Regulation (EU) 2019/815 of 17 December 2018 to fiscal years beginning on or after 1 January 2021.Consequently, this report does not contain any conclusion on compliance with this format in the presentationof the annual financial statementsto be included in the annual financial report referred to in Article L.451-1-2 (I) of the Frenchmonetary and financial Code. Appointment of the statutory auditors We were appointed statutory auditors of Caisse Nationale de Réassurance Mutuelle Agricole Groupama by your General Meeting of 25 June 1999 for PricewaterhouseCoopers Audit and of 12 September 2000 for Mazars. At 31 December 2020,PricewaterhouseCoopersAudit was in the 22 nd year of its mission without interruption, and Mazars was in its 21 st year.

RESPONSIBILITIES OF MANAGEMENT AND MEMBERS OF THE CORPORATE GOVERNANCE BODY CONCERNING THE ANNUAL FINANCIAL STATEMENTS

Managementis responsiblefor preparingannual financial statementspresentinga true and fair view in accordancewith French accounting rules and principlesand implementingthe internal controls that it deems necessaryfor the preparationof annual financial statementsfree of any material misstatements, whether they due to fraud or error. In connectionwith the preparation of the annual financial statements,Management is responsible for assessing the Company’s ability to continue its operations; providing information on matters relating to the continued operations, where this is relevant; and for preparing financial statements based on a going concern basis, unleMssanagement intends to wind up theCompany or discontinue operations. The Audit and Risk ManagementCommitteeis responsiblefor followingthe processof preparingfinancial informationand for monitoringthe effectivenessof internal control and risk managementsystems, as well as, where applicable, internal auditing, as regards the procedures relating to the preparation and processing oafccounting and financial information. The annual financial statements were approved bthye Board of Directors.

RESPONSIBILITIES OF THE STATUTORY AUDITORS RELATING TO THE AUDIT OF THE ANNUAL FINANCIAL STATEMENTS

Audit objective and approach It is our responsibility to prepare a report on the annual financial statements.Our goal is to obtain reasonable assurance that the annual financial statementstaken as a whole do not contain any material misstatements.Reasonableassurance is a high level of assurancebut is not a guarantee that an audit performed in accordance with the professional auditing standards will always detect any material misstatement. Misstatementsmay arise as a result of fraud or error and must be regardedas beingmaterial if it can reasonablybe expected that they, individually or in the aggregate, will affect the financial decisions made by users of the financial statements on the basis of the financial statements. As specified by Article L. 823-10-1of the French CommercialCode, our role of certifying the financial statements is not to guarantee the viability or the quality of the management of your company.

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Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES