NATIXIS -2020 Universal Registration Document

5 FINANCIAL DATA

Consolidated financial statements and notes

At December 31, 2019

31/12/2019

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

13,882

13,882

0 0 0

0 0 0 0 0

13,882

0 0 0 0 0 0 0 0 0 1 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

13,882

Change in unearned premium income

(20)

(20)

(20)

(20)

13,862

13,862

Earned premiums

13,862

13,862

Banking operating income

58

0

58 23

58

58

Revenues and income from other activities

161

138

161

161

Other operating income

19

9

0

11

19

19

Investment income

1,908

1,792

116

0

1,908

1,908

Investment expenses

(368)

(279)

(75)

(14)

(368)

(368)

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

262

204

(5)

0

200

(0)

62

262

1,829

1,833

(4) (6)

0 0

1,829

0 0

1,829

(73)

(67)

(73)

(73)

Change in write-downs on investments

Investment income (net of expenses)

3,560

3,484

26

(14)

3,497

62

3,560

Policy benefit expenses

(14,783)

(14,662)

4

(124)

(14,783)

0 0 0 0 0 0 0 0 0 2 0

(14,783)

Reinsurance transfer income

3,465

3,455

11 13 23

0 0 0 0

3,465

3,465

Reinsurance transfer expenses

(3,478)

(3,491)

(3,478)

(3,478)

Income and expenses net of reinsurance transfers

(14)

(36)

(14)

(14)

Provision for credit losses

(2)

0 0

0

0

(2)

(2)

Banking operating expenses

(13)

(0)

(13)

(13)

(13)

Policy acquisition costs

(959)

(3)

(761)

(194)

(959)

(959)

Amortization of portfolio values and related items

0

0 0 0 0 0 0 0 0 0

0

0

0

0

Administrative costs

(860) (324)

(491)

(369) (253)

(860) (327)

(860) (324)

Other recurring operating income and expenses

(73)

Other non-recurring operating income and expenses

(7)

4

(11)

(7)

(7)

Operational income (loss)

699 (32)

2,792

(1,187)

(969)

635 (32)

(2)

65

698 (32)

Finance expenses

(33)

(0)

0

Share in income of associates

10

0 0 0 0

0

0

10

10

Income taxes

(208)

(2)

(2)

(205)

0 0

(208)

After-tax income from discontinued activities

0

0 0

0 0

0 0

0

Non-controlling interests

(118)

(118)

(118)

CONSOLIDATED NET INCOME

351

2,792

(1,219)

(971)

600

(2)

(205)

(43)

351

352

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020