CNP Assurances - Investor Presentation

CONSOLIDATED MCR COVERAGE RATIO CNP Assurances - Investor Presentation - March 2020 CONSOLIDATED MCR COVERAGE RATIO (€bn) 388% 317% 21.6 29.9 6.8 7.7 31/12/2018 31/12/2019 (1) Eligible own funds MCR Consolidated MCR corresponds to the sum of the MCRs of all the Group insurance companies Own funds eligible for inclusion in MCR coverage may be different to those included in SCR coverage due to capping rules: Tier 2 subordinated notes capped at 20% of MCR coverage (versus 50% for SCR) Tier 3 subordinated notes not eligible for inclusion in MCR coverage (versus 15% for SCR) (1) Including €750m Tier 2 debt issue in November 2019 and €250m Tier 3 debt issue in December 2019 35

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