UNIVERSAL REGISTRATION DOCUMENT 2023

CONTENTS

Overview of the Group

3

Group Risk Factors

167

1

5

1.1 History of the Company

5.1 The Group’s main risks

4

168

1.2 Organisation of the Group and Groupama Assurances Mutuelles

5.2 Organisation of risk management within the Group

6 8

172

1.3 Key figures 1.4 Strategy

10 12

1.5 Human resources

Earnings and financial position 175 6.1 Management report of the Board of Directors 176 6.2 Dividend distribution policy 199 6.3 Characteristics of the mutual certificates and remuneration policy 199 6.4 Cash and group financing 200 6.5 Administrative, judicial, or arbitration proceedings 201

6

The Group’s businesses 2.1 Groupama, a multi ‑ line and multi ‑ channel insurer 2.2 Insurance in France 2.3 International Insurance 2.4 Financial businesses

17

2

18

20 24 25

Financial statements

203

7

Corporate governance and internal control

3

27 28 56 57

7.1 Combined financial statements and notes 7.2 Report of the statutory Auditors on the combined financial statements 310 7.3 Annual financial statements and notes 317 7.4 Statutory auditors’ report on the annual financial statements 353 204

3.1 Disclosures on Corporate Governance 3.2 Delegations of authority and powers

3.3 Compensation of Directors

3.4 Gender equality policy applied to the Group’s management bodies

59 59 67 67

3.5 Internal control procedures 3.6 Related ‑ party transactions

3.7 Major contracts

Additional information 8.1 Company information 8.2 Information on the capital 8.3 Regulatory environment

357

8

3.8 Statutory auditors’ special report on regulated agreements

69

358 377 377

8.4 Persons responsible for the Universal Registration Document, financial disclosures, and for auditing the financial statements

Corporate social responsibility (CSR) 4.1 Groupama sustainable Policy 4.2 Declaration of Extra ‑ financial Performance 4.3 Report by one of the statutory auditors on the declaration of extra ‑ financial performance

4

71

380 381 382 383

72

8.5 Available documents

8.6 Glossary

73

8.7 Concordance tables

163