NATIXIS -2020 Universal Registration Document

5 FINANCIAL DATA

Consolidated financial statements and notes

8.3

Net income from insurance activities

(in millions of euros)

31/12/2019

31/12/2020

Earned premiums Premiums written

10,557 10,599

13,862 13,881

Change in unearned premium income Other income from insurance activities Revenue from insurance activities Investment income (net of expenses)

(41)

(19)

11

9

0

138

1,512 1,546 (296)

3,484 1,792 (279)

Investment income Investment expenses

Capital gains and losses on disposal of investments (net of reversals, write-downs and amortization)

131 306

205

Change in fair value of investments carried at fair value through profit or loss

1,833

Change in write-downs on investments Amortization of acquisition costs

(176)

(67)

2

(3)

Policy benefit expenses

(10,256)

(14,661)

Income and expenses net of reinsurance transfers

208

(36)

Reinsurance transfer income Reinsurance transfer expenses

3,004

3,455

(2,796)

(3,491)

2,034

2,792

Net income from insurance activities (a)

At December 31, 2019, Coface contributed +€849.8 million to net income from insurance businesses. (a)

350

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020