UNIVERSAL REGISTRATION DOCUMENT 2023

4 CORPORATE SOCIAL RESPONSIBILITY (CSR) Declaration of Extra ‑ financial Performance

Non ‑ life insurance indicator

4.2.5.2 (a)

(b) Taxonomy alignment The “Climate Delegated Act” sets out the criteria for non ‑ life insurers to be considered taxonomy ‑ aligned. Compliance with these “technical” criteria (and thus the alignment of insurance products) applies from the year 2024 (fiscal year 2023). To demonstrate their contribution to the climate change adaptation objective and therefore be taxonomy ‑ aligned, non ‑ life insurance products must cumulatively meet the following five technical criteria. For a criterion to be considered met, all its subcriteria (except in the case of alternative subcriteria) must be met: criterion No. 1: Leadership in modelling and pricing of climate risks; ❯ criterion No. 2: Product design incorporating preventive measures; ❯ criterion No. 3: Innovative insurance coverage solutions; ❯ criterion No. 4: Sharing data with public authorities for research purposes; ❯ criterion No. 5: High level of service in post ‑ disaster situations. ❯ (c) Regulatory ratio The amounts and ratios are presented in the table below, in accordance with Annex X of Commission Delegated Regulation (EU) 2021/2178. They were established on the basis of accounting data at 31 December 2023. The non ‑ life insurance and reinsurance underwriting Taxonomy ‑ aligned activities (environmentally sustainable) correspond to the proportion of Groupama’s non ‑ life turnover meeting the five technical criteria set out in the previous paragraph. The non ‑ life insurance and reinsurance underwriting Taxonomy ‑ eligible but not environmentally sustainable activities correspond to the proportion of premiums that are Taxonomy ‑ eligible but do not meet these five criteria cumulatively. Lastly, the non ‑ life insurance and reinsurance underwriting Taxonomy ‑ non ‑ eligible activities correspond to the non ‑ eligible activities. Official Journal, specified that only the share of the insurance premium covering a climate ‑ related peril should be included in the numerator of the regulatory ratio. To facilitate a comparison between the 2022 and 2023 figures, a pro forma ratio for 2023, based on the 2022 figures, is provided in the table below.

Taxonomy eligibility For 2023, as an insurer, the Groupama group must disclose the following ratio on the data at 31 December 2023: non ‑ life insurance ratio = share of gross non ‑ life premiums eligible for the taxonomy/total non ‑ life premiums. ❯ The “climate delegate act” determines which activities are eligible for climate change mitigation and adaptation objectives. Non ‑ life insurance is among the activities eligible under the adaptation objective. According to the “Climate Delegated Act”, the lines of business defined in Annex I of the Solvency II Directive ( i.e. the following 8 lines of business) are eligible for the taxonomy, as long as they are related to the coverage of a climate risk event. As clarified by the Commission’s Q&A published in December 2021, a line of business must contain products with terms related to the treatment of climate risk events to be considered eligible. The following 8 activity lines are potentially eligible:

medical expenses insurance; ❯ income protection insurance; ❯

workers’ compensation insurance; ❯ motor vehicle liability insurance; ❯ other motor vehicle insurance; ❯ marine, aviation, and transport insurance; ❯ fire and other property insurance; ❯ assistance insurance. ❯

Following an initial analysis conducted jointly with France Assureurs (the French federation of insurance companies) in 2022, it appears that only the following three lines of business explicitly cover a climate ‑ related peril:

other motor vehicle insurance; ❯ marine, aviation, and transport insurance; ❯ fire and other property insurance. ❯

On these lines, which explicitly provide climate protection, the market position adopted in 2023 (based on 2022 figures) was to include the entire insurance premium for the products concerned in the numerator of the regulatory ratio. New recommendations from the European Commission’s draft notice of 21 December 2023, not yet published in the European

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Document d’Enregistrement Universel 2023 GROUPAMA ASSURANCES MUTUELLES