Groupama // Universal Registration Document 2022

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FINANCIAL STATEMENTS Statutory auditors’ report on the combined financial statements

7.2 STATUTORY AUDITORS’ REPORT ON THE COMBINED FINANCIAL STATEMENTS

(Year ended 31 décembre 2022)

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 votre assemblée générale , we conducted an audit of the combined financial statements of CAISSE NATIONALE DE REASSURANCE MUTUELLE AGRICOLE GROUPAMA for the financial year ended 31 décembre 2022, as attached to this report. In our opinion, the combined financial statements give a true and fair view of the results of operations for the past fiscal year as well as the financial position and assets of the Group at the end of the fiscal year, in accordance with International Financial Reporting Standards as adopted by the European Union. 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 combined 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 1er janvier 2022 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.

JUSTIFICATION OF OUR ASSESSMENTS - KEY POINTS OF THE AUDIT

Pursuant to the provisions of Articles L.823 ‑ 9 and R.823 ‑ 7 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 judgment, were the most significant for the audit of the combined financial statements for the fiscal year, as well as our responses to these risks. These assessments contributed to the audit of the combined 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 combined financial statements viewed in isolation.

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Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES