NATIXIS // 2021 Universal Registration Document

NATIXIS OVERVIEW Natixis business lines

Insurance 1.2.3 Insurance division

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the Non-Life Insurance business line , which develops portfolios V for auto and multi-risk homeowners’ insurance, personal accident insurance, legal protection, healthcare, and property & casualty insurance; Corporate Solutions , which handles Groupe BPCE insurance V matters that are not dealt with by its own insurance subsidiaries, e.g. the Group’s insurance program. Natixis’ Insurance division had 2,017 full-time equivalent (FTE) employeesat the end of 2021, comparedto 1,904 at the end of 2020. The Insurance business generated total revenue from direct sales of €14.3 billion in 2021.

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 line , which focuses on the V development of portfolios for life insurance, investment and pension savings, and a very wide range of personal protection coverage (death benefit, work cessation and dependency) and payment protection solutions;

The Insurance division comprises several legal entities (excluding investment vehicles):

Group company

Legal form

Location

% voting rights

% ownership

Joint stock company

France

100%

100%

Natixis Assurances

BPCE Vie

Joint stock company

France

100%

100%

France

100%

100%

BPCE Prévoyance

Joint stock company

BPCE Assurances

Joint stock company

France

100%

100%

Natixis Life

Joint stock company

Luxembourg

100%

100%

BPCE APS

Simplified joint-stock company

France

53%

53%

BPCE Relation Assurances Economic Interest Group

France

100%

100%

BPCE IARD

Joint stock company

France

50%

50%

ADIR

Joint stock company

Lebanon

34%

34%

Ecureuil Vie Développement Simplified joint-stock company

France

51%

51%

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 Caisse d’Epargne savings banks. This goal resulted in the following structuring operations: in March 2014, Natixis Assurances acquired 60% of BPCE V Assurances, a non-life insurance company created to serve clients of the Caisse d’Epargne network, and in 2017 it 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. Following the renegotiation of the partnership agreement with Covéa, BPCE Assurances handles new non-life insurance business with the individual clients of the Banque Populaire banks in addition to 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 pension 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 of V policies and agreementswith commitments linked to the length of the policyholder’s life. It accounts for most of the Personal Insurance business line workforce and provides the other 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 & casualty insurance products (auto insurance, multi-risk homeowners’ 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 clients; 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 insurancecompany that offers a full range of V property & casualty insurance products (auto insurance, multi-risk homeowners’ 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 2021