UNIVERSAL REGISTRATION DOCUMENT 2023

7 FINANCIAL STATEMENTS Combined financial statements and notes

The reconciliation with the theoretical statutory tax is as follows:

31.12.2023

31.12.2022

Consolidated income (losses) before tax Theoretical tax rate

Consolidated income (losses) before tax Theoretical tax rate

(in millions of euros)

France

500

25.82%

47

25.82%

Bulgaria

5

10.00%

0

10.00%

China

3

25.00%

5

25.00%

Croatia

1

18.00%

1

18.00%

Greece

(6)

22.00%

(19)

22.00%

Hungary

22

9.00%

16

9.00%

Italy

58

30.82%

(43)

30.82%

Romania

76

16.00%

40

16.00%

Tunisia

2

30.00%

2

30.00%

Turkey

0

0.00%

(34)

25.00%

TOTAL

662

16

The figures presented for 31 December 2022 are pro forma .

Other information

Note 36 Related parties

Related ‑ party disclosures relate to transactions and balances not eliminated on consolidation. Agreements between Groupama Assurances Mutuelles, its subsidiaries, and the regional mutuals with respect to entities consolidated using the equity method have no significant impact on the Group’s accounts.

Note 37 Employees of consolidated companies

31.12.2023

31.12.2022

Insurance Financial businesses

Total

Total

(in number of people)

France

25,109

323

25,432

25,026

Italy

775

775

760

Hungary

946

946

941

Greece

305

305

293

Romania

1,492

1,492

1,417

Other EU

290

290

228

Outside EU

0

0

372

28,917

323

29,240

29,037

TOTAL EMPLOYEES OF CONSOLIDATED COMPANIES

288

Universal Registration Document 2023 GROUPAMA ASSURANCES MUTUELLES