NATIXIS_REGISTRATION_DOCUMENT_2017

FINANCIAL DATA Consolidated financial statements and notes

7.5.2

Other insurance income and expenses

12.31.2017

12.31.2016

(in millions of euros)

Life insurance premium income

8,116 1,303 1,014

17,440

Personal protection insurance premium income

1,250 1,061

Credit insurance premium income

Paid benefits and claims Other income/(expenses)

(5,573)

(4,966)

68

98

TOTAL

4,929

14,882

7.5.3

Other related income and expenses

12.31.2017

12.31.2016

(in millions of euros)

IT services

10 53 91

14 88 63

Credit management services

Other activities (a)(b)

5

TOTAL 166 Of which +€86.1 million at December 31, 2017 versus +€72.9 million at December 31, 2016 resulting from the purchase and resale activity of (a) commodity stocks on behalf of clients carried out by the entity Contango, which economically hedges its exposure to price changes using futures carried under “Gains or losses on financial instruments at fair value through profit or loss”. At December 31, 2016, -€69 million was recognized in relation to the provision for a legal dispute with SWL (Société Wallone du Logement). (b) 154

Operating expenses 7.6 Operatingexpensesmainly comprisepayroll costs, includingwages and salariesnet of rebilledexpenses,social securityexpensesand employeebenefits such as pensions(definedbenefit plans), and expensesrelating to share-basedpaymentrecognizedin accordance

with IFRS 2.The detailsof these expensesare providedin Note 11. This itemalso includesall administrativeexpensesand externalservices.

Notes

12.31.2017

12.31.2016

(in millions of euros)

11.2

Payroll costs

Wages and salaries (a)

(2,759)

(2,571)

o/w share-based payments (b)

(62)

(48)

Pensions and other employee benefits

(205) (665) (179) (138)

(188) (611) (164) (137)

Social security expenses

Incentive and profit-sharing plans

Payroll-based taxes

Other (c)

(1)

(55)

Total payroll costs

(3,946)

(3,726)

Other operating expenses Taxes other than on income (d)

(329)

(273)

External services

(2,029)

(1,926)

Other

(86)

(72)

Total other operating expenses

(2,444)

(2,271)

TOTAL (5,997) Of which€8.9 million in respect of theCompetitiveness and Employment Tax Credit a December 31,2017 versus€7.6 million atDecember 31,2016. (a) The amount recognized for 2017 in respect oftheretentionand performance plans includes an expense of €76 million (versus €59 millionat December 31, (b) 2016) for theportion ofcompensation paid in cash and indexed to theNatixissharepriceandan additionalexpenseof €9 million (versus €5 millionat December 31,2016)for theportionof compensation settled in Natixisshares. Of which€1.5 million in income atDecember 31,2017 versus€19millionin expensesat December 31,2016 for theCofacerestructuringplan. (c) Including a contribution of €121.4 million to theSingleResolutionFund (SRF) atDecember 31,2017, versus€114.5millionat December 31,2016; (d) Including the taxof €24.3 million on systemic banking risks (SBT) atDecember 31,2017 versus€29.1 millionat December 31,2016; Including theSocialSecurityand SolidarityContribution (C3S) for €47.4 million at December 31,2017 (€27 million at December 31,2016), ofwhicha non-recurrent additional expense of€19 millionfor theInvestment Solutions Division linked to a partnershipwith CNP Assurances. (6,390)

289

Natixis Registration Document 2017