Groupama // Universal Registration Document 2022

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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

31.12.2021

31.12.2020

(in millions of euros)

Regional mutuals

6,515

6,292

6,050

Groupama Assurances Mutuelles

44

29

37

Groupama Gan Vie

4,790

4,786

4,164

Gan Assurances

1,442

1,408

1,390

(1)

Other specialist Group companies

446

346

369

Subtotal France insurance

13,237

12,861

12,010

Financial businesses 189 (1) Groupama Assurance ‑ Crédit & Caution, Mutuaide Assistance, Société Française de Protection Juridique, Caisse Fraternelle Épargne, and Caisse Fraternelle Vie, Assu ‑ Vie. 211 240

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 2022, the Groupama network had 9 regional mutuals in metropolitan France, 2 overseas mutuals and 2 specialised mutuals. 2.1.2.2 Gan networks Gan Assurances has a network of 850 general agents. The Gan Eurocourtage network offers social protection solutions for business leaders and their employees, working in close collaboration with 600 broker partners. Gan Prévoyance has a network of 500 salespeople. Gan Patrimoine offers its products through a network of 400 agents.

Groupama offers a wide range of international non ‑ life and life insurance products, in 10 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. At the end of 2010, Groupama and the AVIC group (Aviation Industry Corporation of China) signed an agreement on the creation of a joint venture to expand activities in the non ‑ life insurance segment in the People’s Republic of China. The joint venture Groupama AVIC has established sales and service networks for individuals and companies in the provinces where it holds licences. In 2022, Groupama AVIC Insurance is present in 12 provinces in the People’s Republic of China.

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Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES