UNIVERSAL REGISTRATION DOCUMENT 2023

2 THE GROUP’S BUSINESSES Groupama, a multi ‑ line and multi ‑ channel insurer

2.1.2 FRENCH NETWORKS

The table below presents the breakdown of premium income by distribution network in France.

31.12.2022 pro forma

31.12.2023

31.12.2022

31.12.2021

(in millions of euros)

Regional mutuals

7,003

6,515

6,515

6,292

Groupama Assurances Mutuelles

59

44

44

29

Groupama Gan Vie

4,828

4,790

4,790

4,786

Gan Assurances

1,545

1,442

1,442

1,408

(1)

Other specialised entities of the Group

501

463

446

346

Sub ‑ total insurance France

13,936

13,254

13,237

12,861

Financial activities

213

211

211

240

Groupama Assurance ‑ Crédit & Caution, Mutuaide Assistance, Société Française de Protection Juridique, Caisse Fraternelle Epargne et Caisse Fraternelle Vie, Assu ‑ Vie. (1)

2.1.3

INTERNATIONAL NETWORKS

2.1.2.1 Groupama network The Groupama network includes local and regional mutuals. The local mutuals are the basis of Groupama’s mutualist organisation, allowing true proximity to be established with policyholders. Policyholders automatically become members of a local mutual, which gives them the right to participate in the General Meeting, be listened to, elect their representatives to the Board of Directors and be candidates for the Board. Local mutuals are reinsured with regional mutuals according to a specific reinsurance mechanism by which the regional mutual takes the place of the local mutuals within its district in fulfilling their insurance commitments towards members. The regional mutuals are insurance companies that, under the control of a central body Groupama Assurances Mutuelles with which they are reinsured, are responsible for their management, pricing, and product policy and, as part of the Group’s strategy, their sales policy. At the end of 2023, the Groupama network had nine regional mutuals in metropolitan France, two overseas mutuals and two specialised mutuals. 2.1.2.2 Gan networks Gan Assurances has a network of 830 general agents. The Gan Eurocourtage network offers social protection solutions for business leaders and their employees, working in close collaboration with 700 broker partners. Gan Prévoyance has a network of 540 salespeople. Gan Patrimoine offers its products through a network of 420 agents.

Groupama offers a wide range of international non ‑ life and life insurance products, in nine countries, mainly in Europe. Products on these markets are offered via various distribution networks, particularly exclusive agents, salespeople, brokers, banking networks and partnerships. In the mid ‑ 2000s, the Group began to establish banking partnerships, sometimes exclusive, a particular example being the exclusive agreement with OTP Bank covering several countries in Central and Eastern Europe; these partnerships have enabled the Group to develop in new markets supported by established players. In addition to bancassurance partnerships, the international subsidiaries have developed exclusive and non ‑ exclusive distribution agreements with partners such as leasing companies, car distribution networks, or farming cooperatives. Since 2021, Groupama has had a presence in Croatia following the acquisition of OTP Osiguranje, the Croatian subsidiary of OTP Bank.

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Document d’Enregistrement Universel 2023 GROUPAMA ASSURANCES MUTUELLES