NATIXIS // 2021 Universal Registration Document

5 CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2021 Consolidated financial statements and notes

6.11.1

Net income from Insurance activities

(in millions of euros)

31/12/2020

31/12/2021

Earned premiums Premiums written

14,061 14,130

10,557 10,599

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

(69)

(41)

13

11

0

0

3,848 2,305 (187)

1,512 1,546 (296)

Investment income Investment expenses

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

204

131 306

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

1,616

Change in write-downs on investments Amortization of acquisition costs

(91)

(176)

17

2

Policy benefit expenses

(15,533)

(10,256)

Income and expenses net of reinsurance transfers

(64)

208

Reinsurance transfer income Reinsurance transfer expenses

3,403

3,004

(3,467)

(2,796)

Net income from Insurance activities

2,342

2,034

Interest and similar income Interest and similar expenses Fee and commission income Fee and commission expenses

(31)

(29)

(1,202)

(1,069)

Net gains or losses on financial instruments at fair value through profit or loss

(70)

43 26

Income from other activities Expenses from other activities

38

(102) (461)

(88)

Operating expenses

(420)

Depreciation, amortization and provisions for impairment of property, plant and equipment and intangible assets

(32)

(44) (17)

Share in income of associates Gains or losses on other assets

7

(0)

Income tax

(140)

(172)

NET INCOME

350

264

6.11.2

Net income from the Payments business line

(in millions of euros)

31/12/2020

31/12/2021

Interest and similar income Interest and similar expenses Fee and commission income Fee and commission expenses

2

3

(1)

466 (52)

518 (46)

Net gains or losses on financial instruments at fair value through profit or loss

(0) 71

(0) 42

Income from other activities Expenses from other activities

(63)

(37)

Operating expenses

(382)

(353)

Depreciation, amortization and provisions for impairment of property, plant and equipment and intangible assets

(23)

(17)

Provision for credit losses

(8)

2

Gains or losses on other assets

0

(0)

Income tax

(40)

(26)

NET INCOME

29

29

320

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021