GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

1 OVERVIEW OF THE GROUP

Organisation of the Group and Groupama Assurances Mutuelles

1.2

ORGANISATION OF THE GROUP AND GROUPAMA

ASSURANCES MUTUELLES

SIMPLIFIED LEGAL ORGANISATION CHART

Combined scope of consolidation

Groupama Assurances Mutuelles **

Consolidated scope

100%

Regional Mutuals *

Groupama Holding Filiales et Participations

Financial subsidiaries

French insurance subsidiaries

Local Mutuals

French services subsidiaries

International subsidiaries

* 9 regional mutuals in metropolitan France, 2 overseas mutuals, and 2 specialist mutuals. ** as reinsurer of the regional mutuals under a quota treaty, GMA cover around 30% of the portfolio of the regional mutuals

Reinsurance

GENERAL ORGANISATION

1.2.1

the activity of the regional mutuals, which is captured by the Internal Reinsurance mechanism. Groupama Assurances Mutuelles, a national agricultural reinsurancemutual, is a legal structure without capital, the central body of the Groupama network. Its main missions are as follows: to ensure the cohesionand proper operationof the organisations ❯ within the Groupama network; to exerciseadministrative,technical and financial control over the ❯ structure and management of the organisations within the Groupama network; to define and implement the Groupama group’s operational ❯ strategy, in consultation with the regional mutuals; to reinsure the regional mutuals; ❯ to direct all subsidiaries; ❯ to establish the external reinsurance programme for the entire ❯ Group; to prepare the consolidated and combined financial statements. ❯ The Company is governed with respect to its activities by the provisions of the French Insurance Code and the French Commercial Code and is subject to the supervision of the French Prudential Supervision and Resolution Authority (ACPR).

The Group has a governancemethod which empowers everyone involved within the organisation. Members elect their representativesat the local level (31,500 elected representatives), who in turn elect their representativesat the regional and national levels. The Directors, who are all policyholders of the mutual insurance company, control all the Boards of Directors of the entities within the mutual insurance group. They select the Managers, who handle operating activities. The elected representatives thus participate in all of the Group’s decision-making bodies, whether for local (2,750), regional (9 regional mutuals in metropolitanFrance, 2 overseasmutuals and 2 specialised mutuals), or national mutuals, through the Boards of Directors of GroupamaAssurancesMutuellesand its main direct or indirect subsidiaries. There are therefore two scopes within Groupama: the combinedscope, which includes all the entities of the Group ❯ and all of the activities of the regional mutuals; the consolidated scope of which Groupama Assurances ❯ Mutuelles is the parent company. In addition to the activities of the subsidiaries, its business lines include approximately35% of

6 Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES