Groupama // 2021 Universal Registration Document

7 FINANCIAL STATEMENTS Combined financial statements and notes

Operating expenses Note 38

Operating expenses ‒ by operating segment 38.1

31.12.2021

31.12.2020

France International

Total

France International

Total

(in millions of euros)

External expenses

(809)

(89)

(897)

(739)

(95)

(833)

Taxes other than income taxes

(226)

(44)

(271)

(235)

(39)

(274)

Personnel expenses

(1,719)

(152)

(1,871)

(1,660)

(148)

(1,808)

Commissions

(845)

(398)

(1,243)

(785)

(369)

(1,154)

Allocations to depreciation and provisions (net of write-backs)

(75)

(41)

(116)

(155)

(44)

(200)

Other expenses

(93)

(46)

(139)

(46)

(50)

(96)

TOTAL OPERATING EXPENSES BY NATURE

(3,767)

(770)

(4,537)

(3,620)

(745)

(4,365)

Operating expenses ‒ by business sector 38.2

31.12.2021

31.12.2020

Financial businesses

Financial businesses

Insurance

Total

Insurance

Total

(in millions of euros)

External expenses

(854)

(44)

(897)

(794)

(39)

(833)

Taxes other than income taxes

(264)

(6)

(271)

(267)

(7)

(274)

Personnel expenses

(1,801)

(70)

(1,871)

(1,742)

(66)

(1,808)

Commissions

(1,243)

(1,243)

(1,154)

(1,154)

Allocations to depreciation and provisions (net of write-backs)

(110)

(5)

(116)

(196)

(4)

(200)

Other expenses

(125)

(14)

(139)

(85)

(12)

(96)

TOTAL OPERATING EXPENSES BY NATURE

(4,398)

(139)

(4,537)

(4,238)

(127)

(4,365)

Breakdown of employee expenses 38.3

31.12.2021

31.12.2020

(in millions of euros)

Salaries

(1,072)

(1,045)

Social security expenses

(438)

(427)

Post-employment benefits

Defined contribution plans

(118)

(112)

Defined benefit plans

(9)

(9)

Anniversary days and employee awards

(3)

(4)

Other personnel benefits

(231)

(211)

ANNUAL SALARY EXPENSES

(1,871)

(1,808)

Compensation paid to the Groupama Assurances Mutuelles executive bodies during the 2021 fiscal year totalled €6.2 million. With regard to the supplementary pension contract that they currently have, the previous scheme has been brought into line with the regulations and transferred to a contract under Article L. 137-11-2. A €5.01 million expense was placed in reserves in the accounts in respect of the rights relating to the 2021 fiscal year.

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Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES