CNP Assurances - Investor Presentation

AVERAGE POLICYHOLDER YIELD IN FRANCE* CNP Assurances - Investor Presentation - March 2020 n 2.20% 1.93% -45 bps 1.58% 1.52% 1.49% 1.14% 2014 2015 2016 2017 2018 2019 Increased average policyholder yields on all contracts in the portfolio Narrower gap between yields on CNP Assurances' various contracts Policyholders' surplus reserve up €1bn in 2018 at €11.9bn (5.3% of technical reserves) * Traditional Savings contracts 67

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