NATIXIS -2020 Universal Registration Document

FINANCIAL DATA Consolidated financial statements and notes

Transition between the presentation applicable to insurance companies and to banks 8.3.1 The following table shows a reconciliationbetween insurancecompanies’ financial statementsas presentedand how they would translate into the banking format.

At December 31, 2020

31/12/2020

Bank format

NR

Other net revenue items (excl. net income from Insurance)

Net income from Insurance

Gross operating income

Provision for credit losses

Insurance format (in millions of euros)

TOTAL

Expenses

Tax Other items Net income

Premiums written

10,599

10,599

0 0 0 0 0 0

0 0 0 0 0

10,599

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

10,599

(41)

(41)

(41)

(41)

Change in unearned premium income

Earned premiums

10,557

10,557

10,557

10,557

Banking operating income

0 0

0 0

0 0

0 0

Revenues and income from other activities

Other operating income

22

11

11

22

22

Investment income

1,662

1,546

116

0

1,662

1,662

Investment expenses

(390)

(296)

(82)

(12)

(390)

(390)

Capital gains and losses on disposal of investments (net of reversals, write-downs and amortization) Change in fair value of investments carried at fair value through profit or loss

131

131

0

0

131

131

362

307

56

0 0

362

362

Change in write-downs on investments

(176)

(176)

0

(176)

(176)

Investment income (net of expenses)

1,590

1,512

90

(12)

1,590

1,590

Policy benefit expenses

(10,358)

(10,256)

0

(102)

(10,358)

(10,358)

Reinsurance transfer income

3,000

3,004

(4)

0 0 0 0 0

3,000

3,000

Reinsurance transfer expenses

(2,784)

(2,796)

12

(2,784)

(2,784)

5

Income and expenses net of reinsurance transfers

215

207

8 0 0

215

215

Provision for credit losses

0 0

0 0 2 0 0 0 0 0 0 0 0 0

0 0

0 0

Banking operating expenses

Policy acquisition costs

(702)

(597)

(106)

(702)

(702)

Amortization of portfolio values and related items

0

0

0

0

0

Administrative costs

(668) (179)

(542)

(126) (128)

(668) (179)

(668) (179)

Other recurring operating income and expenses

(50) (13)

Other non-recurring operating income and expenses

(13) 464 (12) (64)

0

(13) 464 (12)

(13) 464 (12) (64)

Operational income (loss)

2,034

(1,106)

(464)

Finance expenses

(12)

0 0 0 0 0

0

Share in income of associates

0 0 0 0

0 0 0 0

(64)

Income taxes

(172)

(172)

0 0 0

(172)

After-tax income from discontinued activities

0 0

0 0

0 0

Non-controlling interests

CONSOLIDATED NET INCOME

216

2,034

(1,118)

(464)

452

(172)

(64)

216

351

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020