Investor Presentation - CNP Assurances Corporate Bond Portfolio and SCR Coverage Ratio

A new Balance Sheet: from IAS 39 / IFRS 4 to IFRS 9 / IFRS 17 IAS 39-IFRS 4 Balance Sheet Simplified presentation Assets Liabilities Equity IFRS 9-IFRS 17 Balance Sheet Simplified presentation Assets Liabilities Equity CSM RA French GAAP Assets technical reserves Assets Best Estimate Deferred participation CNP assurances The assets side of the insurance balance sheet is virtually unchanged; however, liabilities now include a new item, the CSM. The purpose of the CSM is to recognise profits in the income statement as and when the insurance contract services are provided, i.e., throughout the period of coverage of the contract. The transition to IFRS 17 will help to reduce market-driven volatility of equity by reducing the accounting mismatch between assets and liabilities. Investor Presentation March 23 60

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