NATIXIS_REGISTRATION_DOCUMENT_2017

5 FINANCIAL DATA

Consolidated financial statements and notes

Customer deposits 6.13.2

12.31.2017

12.31.2016

(in millions of euros)

Current accounts

21,332 12,438

21,700 13,567

demand

term

8,894

8,133

Deposits and loans

13,901

15,965

demand

4,977 8,924

7,369 8,596

term

Repurchased securities

53,798 22,348 31,450

45,599 11,872 33,727

demand

term

Special savings accounts

213

179

Factoring accounts Accrued interest

2,347

2,335

58

60

Other

2,922

634

TOTAL

94,571

86,472

The fair value of customer deposits is presented in Note 6.19.

Debt securities 6.14 Debt securities(interest-bearingnotes, interbankmarket securities,etc.) are broken down by type of security,excludingsubordinated securitieswhichare includedwithin“Subordinateddebt”.

12.31.2017

12.31.2016

(in millions of euros)

Money market instruments

29,510

44,420

Bonds

1,265 1,776

2,700 1,770

Other debt securities

Accrued interest

22

31

TOTAL

32,574

48,921

The fair value of customer deposits is presented in Note 6.19.

Insurance companies’ technical 6.15 reserves In order to reflect their obligations toward policyholders, insurance companies record under liabilities technical reserves determinedon the basis of statisticalcalculations. Provisions for unearned premium income reflect the portion (calculated on an accrual basis) of premiums issued during the fiscal year that relate to a periodafter the reportingdate. Reserves for life-insurance policies are primarily composed of mathematicalreserves correspondingto the surrender value of the contract.

Life insurance loss reserves cover the capital payable upon the occurrence of a loss. In credit insurance and non-life insurance, they include an estimate of the total cost of losses reported but not yet settled at the end of the reportingperiod. Accruedlosses are topped up by a reserve for unknown losses calculated on a statisticalbasis. The deferred profit-sharing reserve represents the portion of unrealizedgains or losses on investmentspotentiallyattributable to policyholders. Other technical reserves include reserves for financial contingenciesand for deferredacquisitioncosts.

12.31.2017

12.31.2016

(in millions of euros)

Mathematical reserves

65,723 51,493 14,230

58,943 48,415 10,528

Life insurance

Representing unit-linked contracts

Loss reserves

3,277 5,177 2,425

3,028 4,657 2,182

Profit-sharing reserves (a) Other technical reserves

TOTAL 68,810 At December 31, 2017, net deferred profit-sharing liabilities amounted to €3,275 million, compared with deferred profit-sharing liabilities of (a) €3,108 million at December 31, 2016 (see Note 2.8). 76,602

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Natixis Registration Document 2017