Groupama // Universal Registration Document 2022

CONTENTS

Overview of the Group

3

Group risk factors

129

1

5

1.1 History of the Company

5.1 The Group’s main risks

4

130

1.2 Organisation of the Group and Groupama Assurances Mutuelles

5.2 Organisation of risk management within the Group

7 9

135

1.3 Key figures 1.4 Strategy

11 12

1.5 Human Resources

Earnings and financial position 139 6.1 Management report of the Board of Directors 140 6.2 Dividend distribution policy 166 6.3 Characteristics of the mutual certificates and remuneration policy 167 6.4 Cash and financing of the Group 168 6.5 Administrative, judicial, or arbitration proceedings 169

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

19

2

20 22 26 28

Financial statements

171

7

Corporate governance and internal control

3

29 30 57 57

7.1 Combined financial statements and notes 7.2 Statutory auditors’ report on the combined financial statements 298 7.3 Annual financial statements and notes 302 7.4 Statutory auditors’ report on the annual financial statements 340 172

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

345

8

3.8 Statutory auditor’s special report on related ‑ party agreements

70

346 366 367

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

Corporate social responsibility (CSR)

4

73

371 372 373 374

4.1 Groupama CSR Policy

74

8.5 Available documents

4.2 Declaration of Extra ‑ financial Performance

8.6 Glossary

75

8.7 Concordance tables

4.3 Report by one of the statutory auditors on the declaration of extra ‑ financial performance

124