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

Hedging strategy CNP assurances Equity hedging strategy scaled back At end-2022, portfolio of CAC 40 and Eurostoxx 50 index options (puts). Total notional amount: €10.4bn; average remaining life: 1.3 years; average strike prices: 3,369 pts (CAC 40) and 3,356 pts (Eurostoxx 50) More moderate hedging programme against rising interest rates At end-2022, portfolio of caps. Total notional amount: €118.8bn; average remaining life: 3 years, average strike price: 10-year swap rate plus 2.8% Unaudited management reporting data Equity hedges (notional amount in €bn) 17.1 10.4 31 Dec. 2021 31 Dec. 2022 Interest rate hedges (average strike price) 2.9% 2.8% 31 Dec. 2021 31 Dec. 2022 Investor Presentation March 23 | 47

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