Investor Presentaiton

Accounting policies and methodological choices - IFRS 17 (cont'd) Risk adjustment information Non-attributable expenses Transition method AXA Percentile approach based on 62.5th-67.5th percentile On L&H, ca 5% of non- attributable expenses indicated by AXA For L&S, retrospective approach for ca 80% (20% FVA to manage risk of onerous contracts) CNP Assurances ► Quantile approach based on 80% confidence level Most of the administrative expenses now included in the insurance service result as they represent attributable costs FVA for the majority of contracts within the scope inspired by the mandarine valuation covering more than 70% of the CSM FRA for 2021 term creditor insurance cohorts ►MRA for the BPCE term creditor insurance portfolio and certain Brazilian portfolios Generali ► Percentile approach: 75th percentile Not commented Great-West Lifeco HISCOX ► Value at risk (percentile) and scenario (sensitivities on a range of outcomes) approach Excluded from CoR in line with insurance service result Not commented Not commented ► Retrospective approach (-95%) Not commented ► Full retrospective approach Fair value approach (-5%) 36 Market updates on impact of IFRS 17 and IFRS 9 EY

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