NATIXIS - Universal registration document and financial report 2019

5 FINANCIAL DATA

Consolidated financial statements and notes

9.3

Net income from insurance activities

(in millions of euros)

31/12/2018

31/12/2019

Earned premiums Premiums written

13,862 13,881

13,522 13,698

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

(19)

(176)

9

37

138

133 539

3,484 1,792 (279)

Investment income Investment expenses

1,641

(99)

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

205

105

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

1,833

(1,013)

Change in write-downs on investments Amortization of acquisition costs

(67)

(96)

(3)

27

Policy benefit expenses

(14,661)

(11,321)

Income and expenses net of reinsurance transfers

(36)

(28)

Reinsurance transfer income Reinsurance transfer expenses

3,455

3,182

(3,491)

(3,210)

NET INCOME FROM INSURANCE ACTIVITIES (a)

2,792

2,910

At December 31, 2018, Compagnie Européenne de Garanties et Cautions (CEGC) contributed (a) +€278 million to net income from Insurance businesses.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019