Groupama // 2021 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

Groupama Assurances Mutuelles **

100%

Regional mutuals *

Groupama Holding Filiales et Participations

Financial subsidiaries

Insurance – France

Local mutuals

French services

International subsidiaries

Reinsurance relationship

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

1.2.1

GENERAL ORGANISATION

Groupama Assurances Mutuelles, a national agricultural reinsurance mutual, is a legal structure without capital, the central body of the Groupama network. Its main missions are as follows: to ensure the cohesion and proper operation of the organisations ❯ within the Groupama network; to ensure the application of the legislative and regulatory ❯ provisions relating to the organisations within the network; to exercise administrative, 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; prepare the combined financial statements. ❯ The Company is governed with respect to its activities by the provisions of the French Insurance Code and, by reference, certain provisions of the French Commercial Code and is subject to the supervision of the French Prudential Supervision and Resolution Authority (ACPR).

The Group has a governance method that empowers everyone involved within the organisation. Members elect their representatives at the local level (30,000 elected representatives), who in turn elect their representatives at 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 (2,700), regional (9 regional mutuals in metropolitan France, 2 overseas mutuals and 2 specialised mutuals), or national mutuals, through the Boards of Directors of Groupama Assurances Mutuelles and its main direct or indirect subsidiaries. The combined scope of the Groupama group, of which Groupama Assurances Mutuelles is the parent company, includes all of the Group’s entities and the regional mutuals for 100% of their business activities. As of 1 st January 2021, the Group no longer prepares consolidated financial statements, which only covered the business of Groupama Assurances Mutuelles, the subsidiaries, and approximately 37% of the business of the regional mutuals, which is captured by the Internal Reinsurance mechanism.

6 Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES