NATIXIS - Universal registration document and financial report 2019

5 FINANCIAL DATA

Consolidated financial statements and notes

At December 31, 2018

31/12/2018

Bank format

Net revenues

Other net revenue items (excl. net income from Insurance)

Net income from Insurance

Gross operating income

Insurance format (in millions of euros)

Provision for credit losses

Total

Expenses

Tax Other items Net income

Premiums written

13,577

13,698

(121)

0 0 0 0 0

13,577

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

13,577

Change in unearned premium income

(152)

(175)

23

(152)

(152)

Earned premiums

13,424

13,522

(98)

13,424

13,424

Banking operating income

67

4

63 19

67

67

Revenues and income from other activities

152

133

152

152

Other operating income

47

33

0

14

47

47

Investment income

1,748

1,641

107

0

1,748

1,748

Investment expenses

(189)

(99)

(78)

(12)

(189)

(189)

Capital gains and losses on disposal of investments (net of reversals, write-downs and amortization) Change in fair value of investments carried at fair value through profit or loss

104

104

0

0

104

104

(1,016)

(1,013)

(3)

0 0

(1,016)

(1,016)

Change in write-downs on investments

(94)

(96)

2

(94)

(94)

Investment income (net of expenses)

556

539

29

(11)

556

556

Policy benefit expenses

(11,343)

(11,320)

106 (42)

(129)

(11,343)

(11,343)

Reinsurance transfer income

3,140

3,182

0 0 0 0

3,140

3,140

Reinsurance transfer expenses

(3,168)

(3,209)

41

(3,168)

(3,168)

Income and expenses net of reinsurance transfers

(29)

(28)

0 0 0

(28)

(28)

Provision for credit losses

0

0 0

0

0

Banking operating expenses

(13)

(13)

(13)

(13)

Policy acquisition costs

(961)

26

(770)

(217)

(961)

(961)

Amortization of portfolio values and related items

0

1 0 0 0 0 0 0 0 0

(1)

0

0

0

Administrative costs

(798) (358)

(453)

(345) (280)

(798) (358)

(798) (359)

Other recurring operating income and expenses

(78)

(1)

Other non-recurring operating income and expenses

(2)

3

(3)

0

0

(2)

(2)

Operational income (loss)

742 (33)

2,910

(1,180)

(984)

745 (33)

(1)

(2)

742 (33)

Finance expenses

(33)

0 0

0 0 0 0 0

0

Share in income of associates

15

0 0 0 0

0

15

15

Income taxes

(220)

(2)

(2)

(218)

0 0

(220)

After-tax income from discontinued activities

0

0 0

0 0

0 0

0

Minority interests

(71) 433

(71)

(71) 433

CONSOLIDATED NET INCOME

2,910

(1,213)

(986)

710

(1)

(218)

(58)

334

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019