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

Efficiently managed cost/income ratio 35.7% 36 33.9% 34 32.1% 31.9% CNP Assurances and subsidiaries 32 France 30.6% 29.7% 30 31,0 28 30.8% 30,5 2017 2018 2019 2020 2021 2022 30,0 29.6% 55 51.9% 29,5 28.8% 50 29,0 28.6% 28,5 Europe excl. France 45 27.9% 45.2% 28,0 40 44.6% 43.0% 38.8% 35.0% 27,5 27.0% 35 27,0 2017 2018 2019 2020 2021 2022 26,5 19.5% 20 26,0 25,5 T Latin America 19 2017 2018 2019 2020 2021 2022 18 17 17.5% 16.9% 16.6% 16.5% 16.2% 16 15 2017 2018 2019 2020 2021 2022 ■ Improved cost/income ratios in France and Europe excluding France, led by higher net insurance revenue in both geographies ▪ Latin American cost/income ratio up slightly, reflecting inflation and creation of the new CVP subsidiary CNP Investor Presentation March 23 | 22 assurances

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