UNIVERSAL REGISTRATION DOCUMENT 2023

7 FINANCIAL STATEMENTS Annual financial statements and notes

Note 16 Commitments received and given

Commitments received The €4.5 million of commitments received correspond to: a joint and several guarantee for €1.9 million received from Orange Bank as part of the commitment made for the Groupama Health Foundation; ❯ supplier holdbacks on property (Astorg work) for €2.6 million. ❯ Commitments given The €834.7 million in commitments given by Groupama Assurances Mutuelles mainly correspond to: commitments on Groupama Private Equity, Infrastructure Invest and unlisted funds for a total of €136.8 million; ❯ commitments on cash advance agreements for a total of €38.3 million; ❯ commitments given for property transactions for €40.4 million; ❯ securities pledged mainly in connection with inward reinsurance, relating to intra ‑ group transactions for €275.6 million and non ‑ group transactions for €151.9 million; ❯ a set of guarantees given to various insurers for a total of €175.5 million to reinforce the reinsurance commitments given to these ceding entities by Groupama’s Italian subsidiary. They are part of multiple insurance cover programmes for Italian companies in which Groupama’s Italian subsidiary participates through its brokerage channel; ❯ guarantees granted in connection with the sale of 100% of the shares in Groupama Vietnam to TASCO and 100% of the units in SCA Château d’Agassac to FFJ for a total of €14.1 million; ❯ deposits given to guarantee the commitments of Société de gestion de l’Echappée to the Union Cycliste Internationale (UCI) World Team and Continentale for €1.75 million. ❯

Securities received as pledges for outward reinsurers and retrocessionnaires Reinsurance commitments received for a total of €799.0 million include securities received as collateral from outward reinsurers and retrocessionaires for €736.1 million and securities provided by the agencies reserved for joint and several guarantees for €62.9 million corresponding to securities received from the Antilles Guyane regional mutual, of which Groupama Assurances Mutuelles is the substitute reinsurer.

Long ‑ term financial instruments outstanding

Groupama Assurances Mutuelles no longer has any long ‑ term financial instruments outstanding following the unwinding of the swaps associated with the Zen bond in September 2022.

Other unquantified and unlimited commitments received and given

Before or during the year, Groupama Assurances Mutuelles also granted or obtained unquantified or unlimited commitments involving notably: the letter of intent written by Groupama Assurances Mutuelles to the Comité des Etablissements de Crédit et des Entreprises d’Investissement (CECEI) as part of the creation of Groupama Épargne Salariale; ❯ the assumption by Assurances Mutuelles of the guarantee given by Groupama Reassurance to Sorema NA (now General Security National Insurance Company) regarding the payment of all obligations stemming from two retrocession contracts underwritten by Rampart (Le Mans Re and MMA portfolios); ❯ the unconditional guarantees granted by Groupama Assurances Mutuelles to Gan Assurances, which require it to supply if applicable the financial means necessary to satisfy the payment of claims relating to insurance policies signed by said companies; these guarantees were designed to improve the debt ratings of these companies and terminated during fiscal year 2012, but rights and obligations under these guarantees remain. Groupama Assurances Mutuelles is also responsible for commitments of this type given previously by the CCAMA to Group entities (some of which have been divested) that have since been cancelled but for which certain rights and obligations still exist; ❯ certain specific guarantees granted during the transfer of the Gan Eurocourtage brokerage portfolio to Allianz; ❯ the fundamental and specific guarantees granted when Groupama Banque securities were contributed to Compagnie Financière d’Orange Bank. ❯

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Document d’Enregistrement Universel 2023 GROUPAMA ASSURANCES MUTUELLES