NATIXIS // 2021 Universal Registration Document

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

Identified securities give rise to an impairment charge based on their total carrying amount so that their post-impairment value reflects the recoverable value. The impairment charge is never reversed. In accordance with IFRIC 10, an additional impairment charge will be recognized on investment securities for which a provision has already been made if its value has declined further at the reporting date, regardless of threshold or duration requirements. Fair value of financial instruments The general principles of fair value of financial instruments are the same as those presented in Note 5.6.

Reinsurance transactions Transfers

Insurance transactions are recognized before reinsurance transfers. Reinsurance transfers are recognized in accordance with the terms of the different reinsurance treaties. Acceptances Reinsurance acceptance policies are recognized as insurance policies. Guarantees given or received as part of these transactions are recognized on the balance sheet (cash deposits) or off-balance sheet (securities pledged or received as collateral). No Natixis reinsurance policies fall under the scope of IAS 39.

(in millions of euros)

Notes

31/12/2021

Investment property

7.10.2.1 7.10.2.2

1,457

Financial assets at fair value through profit or loss

32,038

Hedging derivatives Available-for-sale financial assets

7.10.2.3 7.10.2.5 7.10.2.6

54,568 13,944

Loans and receivables

Held-to-maturity financial assets

767

Share held by cedents and retrocessionaires in liabilities relating to insurance policies and financial contracts

18,547

Receivables arising from Insurance and assumed reInsurance activities

1,051

56

Receivables arising from reinsurance transfers

Deferred acquisition costs

263

Other items TOTAL

122,691

Investment property 7.10.2.1

31/12/2021

Impairment and amortization

Gross value

Net value

(in millions of euros)

Investment property – At fair value Investment property – At historical cost Investment property – UL policies

1,043

1,043

40

(15)

25

389

389

TOTAL

1,472

(15)

1,457

Financial assets at fair value through profit or loss 7.10.2.2

(in millions of euros)

Notes

31/12/2021

Securities held for trading

4,348

Debt instruments in the form of securities Equity instruments (a)

4,348

Loans and receivables Derivative instruments not eligible for hedge accounting

2 0

Hedging derivatives

Securities under the fair value option through profit or loss

27,688

Debt instruments in the form of securities

1,592 5,657

Equity instruments (a)

Investments backed by unit-linked policies

20,440

Loans and receivables at fair value through profit and loss

0

Banks Customers TOTAL

32,038

Including mutual fund units. (a)

352

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021