NATIXIS_REGISTRATION_DOCUMENT_2017

5 FINANCIAL DATA

Consolidated financial statements and notes

Insurance companies 15.3 Insurance company results 15.3.1

As regards net revenues, in the interest of consistency, insurance income and expenses that are similar to banking income and expenses (principally interest and fees and commissions)are reclassifiedunder the correspondingline items in the banking format. Technical reserves and claims expenses are chargedto net revenuesrather than recognizedas provisions for credit losses. Balance sheet reclassifications are not material. Most of the balance sheet line items specific to insurance companies are shown under “insurance company investments” on the asset side and under “insurance companies’ technical reserves” on the liabilities side. Receivables and related payables, shown under accrued income, prepaid expenses and other assets or deferred income, accrued charges and other liabilities in the insurance format are reclassified in the same lines as the principal in the bankingformat.

The insurance industry companies within Natixis’ scope of consolidationare: Coface and its subsidiaries,NatixisAssurances and its subsidiaries(life insurance,personalprotectioninsurance, property and casualty insurance) and CEGC (Compagnie Européennede Garantieset de Cautions). The following table shows a reconciliation between insurance companies’ financial statements as presented and how they would translate into the banking format. It also shows the consolidated contribution by insurance companies in banking format. The main reclassificationsconcern general operating expenses, which are reported by function in the insurance format and by type in the bankingformat.

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Natixis Registration Document 2017