UNIVERSAL REGISTRATION DOCUMENT 2023

7 FINANCIAL STATEMENTS

Statutory auditors’ report on the annual financial statements

7.4 STATUTORY AUDITORS’ REPORT ON THE ANNUAL FINANCIAL STATEMENTS

This is a free translation into English of the statutory auditors report on the annual financial statements issued in French, and is provided solely for the convenience of English speaking readers. This report should be read in conjuction with, and construed in accordance with, Frenchlaw and professional audited standards applicable in France. Year ended 31 December 2023

PricewaterhouseCoopers Audit 63, rue de Villiers 92208 Neuilly ‑ sur ‑ Seine Cedex

Mazars Tour Exaltis 61, rue Henri Régnault 92400 Courbevoie

Dear Members,

OPINION

In execution of the mission entrusted to us by your general meeting, we conducted an audit of the annual financial statements of Caisse Nationale de Réassurance Mutuelle Agricole Groupama for the financial year ended 31 December 2023, as attached to this report. We certify that, in accordance with French accounting rules and principles, the annual financial statements are truthful and in order and present a fair picture of the operating profits and losses for the past fiscal year as well as the company’s financial situation and assets at the end of said fiscal year. The above opinion is consistent with the content of our report to the Audit and Risk Management Committee.

BASIS OF THE OPINION

Audit reference standard We conducted our audit in accordance with the professional standards applicable in France. We believe that the information we collected and on which we founded our opinion was sufficient and appropriate. Our responsibilities according to these standards are described in the section “Responsibilities of the statutory auditors relating to the audit of the annual financial statements” of this report. Independence We conducted our audit in accordance with the rules of independence provided for in the French commercial code and in the professional code of ethics for statutory auditors over the period from 1 January 2023 to the issue date of our report. In particular, we did not provide any services prohibited by Article 5, paragraph 1, of Regulation (EU) No. 537/2014. st

JUSTIFICATION OF OUR ASSESSMENTS - KEY POINTS OF THE AUDIT

Pursuant to the provisions of Articles L. 821 ‑ 53 and R. 821 ‑ 180 of the French commercial code relating to the justification of our assessments, we bring to your attention the key points of the audit relating to the risks of material misstatement that, in our professional judgement, were the most significant for the audit of the annual financial statements for the fiscal year, as well as our responses to these risks. These assessments contributed to the audit of the annual financial statements, taken as a whole, and to the formation of our opinion expressed above. We do not express an opinion on items in these annual financial statements viewed in isolation.

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Document d’Enregistrement Universel 2023 GROUPAMA ASSURANCES MUTUELLES