Groupama // 2021 Universal Registration Document

6 EARNINGS AND FINANCIAL POSITION Management report of the Board of Directors

6.1.2

SIGNIFICANT EVENTS OF FISCAL YEAR 2021

long-term strategic partnership for the provision of connected insurance solutions. The transaction was completed on 30 December 2021. On 14 October 2021, the Groupama group signed a partnership agreement with Ombrea, which offers an innovative solution for creating conditions that are favourable to the development of plants. The objective is to study the effects on crops of climate hazards within the framework of a global approach to risk management. Divestments (c) On 30 September 2021, Groupama sold its entire stake in Orange Bank. In April 2021, the Groupama group sold Château d’Agassac, recently classified as “Cru Bourgeois Exceptionnel”, and its vineyard to Beautiful Life Group. Sustainable investments and savings (d) At the end of June 2021, the Group published its ESG/Climate report entitled “Responsible’investment: risk management, the key to trust”. The management of both insurance or financial risks currently requires incorporating unpredictable environmental and societal impacts. The management of Groupama’s property and financial assets increasingly focuses on measuring and optimising environmental, social, and corporate governance risks and opportunities of organisations and their impact on the Group’s assets. Since 11 October 2021, Groupama Gan Vie has duplicated all its delegated life insurance management profiles into sustainable investment profiles. The Groupama group’s delegated management, designed by Groupama Gan Vie and deployed in all the Group’s networks, comprises five profiles: conservative, moderate, balanced, dynamic, and aggressive. Inclement weather (e) The year 2021 was marked by several exceptionally severe weather events in the first half of the year. The early-April frost affected the entire agricultural world, in particular farms in the southern half of France, and mainly viticulture, arboriculture, and certain arable crops such as rapeseed and beetroot. Between 16 and 29 June, severe storms and floods affected many parts of France, causing extensive damage to homes, automobiles, and professional and agricultural property. To deal with this crisis, Groupama mobilised experts in the field to support its affected policyholders. However, over the entire year, the total level of weather-related claims insured in France by Groupama, all perils combined, was stable compared with 2020.

6.1.2.1 Financial rating (a)

Financial soundness

On 21 June 2021, Fitch Ratings maintained Groupama’s “A” rating and upgraded its outlook to “Positive”. The revision of the outlook to “Positive” reflects Fitch’s expectations that Groupama will strengthen its strong capitalisation in 2021–2022 while maintaining a solid operating performance. Green subordinated instruments (b) On 7 July 2021, Groupama launched its first green subordinated instrument issue for a total of €500 million, maturing in 2028. The annual coupon is 0.75%. The new instrument was a big success among institutional investors, with an order book oversubscribed by a factor of nearly two. The Group’s objective is to contribute to a growing green bond market and to stimulate the market for investments and sustainable financing. Governance 6.1.2.2 At its meeting of 17 June 2021, the Board of Directors of Groupama Assurances Mutuelles reappointed Jean-Yves Dagès and Jean-Louis Pivard as Chairman and Vice-Chairman, respectively, of the Board of Directors of Groupama Assurances Mutuelles for three years. It also reappointed Thierry Martel as CEO of Groupama Assurances Mutuelles. On 8 January 2021, the Groupama group completed the acquisition of legaltech company Juritravail from MyBestPro. With this acquisition, the Group is expanding its offering of legal services for individuals, professionals, and businesses. The Groupama group announced that its Hungarian subsidiary Groupama Biztosító will complete the acquisition of OTP Osiguranje, the Croatian subsidiary of OTP Bank, on 31 August 2021. Partnerships (b) In June 2021, Groupama and the CAPEB (Confédération de l’Artisanat et des Petites Entreprises du Bâtiment) entered into a national partnership for the benefit of building craftsmen in order to meet their needs and raise their awareness of professional risk prevention. On 9 July 2021, Groupama acquired a stake in 1Kubator, the leading innovation network in France. This support for 1Kubator demonstrates the Group’s desire to encourage entrepreneurship and to contribute to its development. In July 2021, Groupama announced the signing of an agreement between its Italian subsidiary Groupama Assicurazioni and FairConnect for the sale of G-Evolution and the establishment of a Businesses 6.1.2.3 Acquisitions (a)

6.1.3

POST-BALANCE SHEET

EVENTS

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Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES