NATIXIS -2020 Universal Registration Document

1 PRESENTATION OF NATIXIS Natixis’ businesses

Insurance 1.2.3 Insurance division

The Insurance division consists of a holding company, Natixis Assurances, which owns various operating insurance subsidiaries that develop and manage a comprehensive range of insurance solutions for individuals and professionals.The division is structured as two large business lines and one activity common to all of Groupe BPCE: the Personal Insurance business, which focuses on the V development of portfolios for life insurance, investment and retirement savings, and a very wide range of personal protection coverage (death benefit, work cessation and dependency) and payment protection solutions;

the Non-Life Insurance business, which develops portfolios for V motor and multi-risk home insurance, personal accident insurance, legal protection, healthcare, and property and casualty insurance; Corporate Solutions handles Groupe BPCE insurance matters that V are not dealt with by its own insurance subsidiaries, e.g. the Group’s insurance program. Natixis’ Insurance division had 1,904 full-time equivalent (FTE) employeesat the end of 2020, comparedto 1,880 at the end of 2019. The Insurance business generated total revenue from direct sales of €10.8 billion in 2020.

The Insurance division comprises several legal entities (excludinignvestment vehicles):

Group company

Legal form

Location

% voting rights % ownership

Joint stock company Joint stock company Joint stock company Joint stock company Joint stock company Economic Interest Group Joint stock company Joint stock company Simplified joint-stock company Simplified joint-stock company

FRANCE FRANCE FRANCE FRANCE FRANCE FRANCE FRANCE LEBANON FRANCE

100% 100% 100% 100% 100%

100% 100% 100% 100% 100%

Natixis Assurances

BPCE Vie

BPCE Prévoyance BPCE Assurances

Natixis Life BPCE APS

LUXEMBOURG

53%

53%

BPCE Relation Assurances

100%

100%

BPCE IARD

50% 34% 51%

50% 34% 51%

ADIR

Ecureuil Vie Développement

The Insurance division was created in 2014, in line with Groupe BPCE’s strategic ambition to become a fully-fledged bancassurance player primarily serving clients from the two main banking networks of Groupe BPCE: the Banque Populaire and Caisses d’Epargne savings banks. This strategic drive resulted in the following major structural transactions: in March 2014, Natixis Assurances acquired 60% of BPCE V Assurances, a non-life insurance company created to serve customers of the Caisse d’Epargne network, and in 2017 bought the remaining 40% stake previously held by MACIF and MAIF. As a result of this transaction, Natixis Assurance became the sole shareholder of BCPE Assurances. With the renegotiation of the partnershipagreementwith Covéa, BPCE Assuranceshandles new non-life insurance business with the individual customers of the Banque Populaire banks in addition those of the Caisse d’Epargne banks; the renegotiationof the terms of the existing partnership between V Groupe BPCE and CNP Assurances, finalized in the first quarter of 2015. Accordingly, the distribution of life insurance policies for retirement savings and personal protection insurance, handled by the Personal Insurance business line, was extended to the Caisse d’Epargne network, with effect from January 1, 2016. Natixis’ Insurance division, through its different operational entities, now offers a comprehensive range of life and non-life insurance policies, with the Banque Populaire and Caisse d’Epargne banks being the main contributors to the business.

The Group’s five biggest entities are: BPCE Vie, a mixed life insurance company that offers all types V of policies and agreements with commitments linked to the length of the policyholder’s life. It accounts for most of the Personal Insurance business workforce and provides other the entities of the Insurance division with the resources they need for their operations; BPCE Assurances, a non-life insurance company that offers a full V range of property and casualty insurance products (auto insurance, multi-risk home insurance, personal accident coverage, health insurance, legal protection and business and personal protection insurance for professionals); Natixis Life, a Luxembourg-based life insurance company that V offers life insurance and investment solutions to high net-worth customers; BPCE Prévoyance, a non-life insurancecompanywhose operations V include insurance coverage for accidents, illness and different forms of financial loss; BPCE IARD, a non-life insurance company that offers a full range V of property and casualty insurance products (auto insurance, multi-risk home insurance and legal and multi-risk coverage for professionals). In terms of location, most of the Insurance division’s activity is in France via companiesestablished in France. The Personal Insurance business line also owns a Luxembourg-based entity specialized in life insurance products for Wealth Management clients, and is a client of the BPCE networks and non-Group entities in various EU countries. It also owns an entity in Lebanon through an equity interest in a subsidiary in partnership with a local privatebank.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020