Investor Presentaiton

Accounting policies and methodological choices - IFRS 9 (cont'd) AXA FVOCI without P&L recycling FVOCI Listed equity investments CNP Assurances FVPL Generali ➤ Equities not backing variable fee approach (VFA) at FVOCI w/o recycling FVPL Great-West Lifeco HISCOX Not commented Investment funds and Private Equity FVPL Vanilla fixed income HTCS ► Amortized cost FVOCI or amortized cost ► Amortized cost or FVPL Real estate ECL Not expected to be material 40 Market updates on impact of IFRS 17 and IFRS 9 Not commented Not commented Mark-to-market investments at fair value through profit and loss At the transition, expected ECL for approx. €500m FVOCI ► Real estate backing VFA business at FVPL (83%) At cost (17%) ►Limited impact from recognition of ECL reflecting portfolio credit quality ► Not commented Not commented Not commented EY

View entire presentation