ATTACHMENT / SOLVENCY AND FINANCIAL CONDITION REPORT AXA Wealth Europe / Balancesheet (S.02.01) S.02.01.02 Balance sheet Solvency II value Assets C0010 Intangible assets R0030 3 113 069,00 Deferred tax assets R0040 Pension benefit surplus R0050 Property, plant & equipment held for own use R0060 4 960,00 Investments (other than assets held for indexlinked and unitlinked contracts) R0070 1 965,00 Property (other than for own use) R0080 Holdings in related undertakings, including participations R0090 Equities R0100 Equities listed R0110 Equities unlisted R0120 Bonds R0130 Government Bonds R0140 Corporate Bonds R0150 Structured notes R0160 Collateralised securities R0170 Collective Investments Undertakings R0180 1 965,00 Derivatives R0190 Deposits other than cash equivalents R0200 Other investments R0210 Assets held for indexlinked and unitlinked contracts R0220 11 258 524,00 Loans and mortgages R0230 Loans on policies R0240 Loans and mortgages to individuals R0250 Other loans and mortgages R0260 Reinsurance recoverables from: R0270 8 031 077,00 Nonlife and health similar to nonlife R0280 Nonlife excluding health R0290 Health similar to nonlife R0300 Life and health similar to life, excluding health and indexlinked and unitlinked R0310 8 031 077,00 Health similar to life R0320 Life excluding health and indexlinked and unitlinked R0330 8 031 077,00 Life indexlinked and unitlinked R0340 Deposits to cedants R0350 Insurance and intermediaries receivables R0360 Reinsurance receivables R0370 Receivables (trade, not insurance) R0380 Own shares (held directly) R0390 Amounts due in respect of own fund items or initial fund called up but not yet paid R0400 Cash and cash equivalents R0410 9 482 421,00 Any other assets, not elsewhere shown R0420 1 107,00 Total assets R0500 31 893 123,00 Solvency II value Liabilities C0010 Technical provisions life (excluding indexlinked and unitlinked) R0600 8 022 920,00 Technical provisions health (similar to life) R0610 TP calculated as a whole R0620 Best Estimate R0630 Risk margin R0640 Technical provisions life (excluding health and indexlinked and unitlinked) R0650 8 022 920,00 TP calculated as a whole R0660 Best Estimate R0670 7 785 280,00 Risk margin R0680 237 640,00 Technical provisions indexlinked and unitlinked R0690 11 374 509,00 TP calculated as a whole R0700 Best Estimate R0710 11 170 864,00 Risk margin R0720 203 645,00 Contingent liabilities R0740 Provisions other than technical provisions R0750 Pension benefit obligations R0760 Deposits from reinsurers R0770 Deferred tax liabilities R0780 31 507,00 Derivatives R0790 Debts owed to credit institutions R0800 Financial liabilities other than debts owed to credit institutions R0810 Insurance & intermediaries payables R0820 680 000,00 Reinsurance payables R0830 83 097,00 Payables (trade, not insurance) R0840 4 389 419,00 Subordinated liabilities R0850 Subordinated liabilities not in BOF R0860 Subordinated liabilities in BOF R0870 Any other liabilities, not elsewhere shown R0880 324 059,00 Total liabilities R0900 24 842 497,00 Excess of assets over liabilities R1000 7 050 626,00 1
/ Premiums, claims and expenses by line of business (S.05.01) Annex I S.05.01.02 Premiums, claims and expenses by line of business Line of Business for: life insurance obligations Life reinsurance obligations Total Health insurance Insurance with profit participation Indexlinked and unitlinked insurance Other life insurance Health reinsurance Life reinsurance C0210 C0220 C0230 C0240 C0270 C0280 C0300 Premiums written Gross R1410 7 547 275,00 11 263 451,00 18 810 726,00 Reinsurers' share R1420 7 547 275,00 7 547 275,00 Net R1500 11 263 451,00 11 263 451,00 Premiums earned Gross R1510 7 547 275,00 11 263 451,00 18 810 726,00 Reinsurers' share R1520 7 547 275,00 7 547 275,00 Net R1600 11 263 451,00 11 263 451,00 Claims incurred Gross R1610 Reinsurers' share R1620 Net R1700 Changes in other technical provisions Gross R1710 7 556 420,00 11 251 560,00 18 807 980,00 Reinsurers' share R1720 7 556 420,00 7 556 420,00 Net R1800 11 251 560,00 11 251 560,00 Expenses incurred R1900 1 575 081,00 2 333 131,00 3 908 212,00 Other expenses R2500 Total expenses R2600 3 908 212,00 / Premiums, claims and expenses by top 5 countries (S.05.02) S.05.02.01 Premiums, claims and expenses by country Home Country Top 5 countries (by amount of gross premiums written) life obligations Total Top 5 and home country C0150 C0160 C0170 C0180 C0200 C0210 R1400 FR C0220 C0230 C0240 C0250 C0270 C0280 Premiums written Gross R1410 18 810 726,00 18 810 726,00 Reinsurers' share R1420 7 547 275,00 7 547 275,00 Net R1500 11 263 451,00 11 263 451,00 Premiums earned Gross R1510 18 810 726,00 18 810 726,00 Reinsurers' share R1520 7 547 275,00 7 547 275,00 Net R1600 11 263 451,00 11 263 451,00 Claims incurred Gross R1610 Reinsurers' share R1620 Net R1700 Changes in other technical provisions Gross R1710 18 807 980,00 18 807 980,00 Reinsurers' share R1720 7 556 420,00 7 556 420,00 Net R1800 11 251 560,00 11 251 560,00 Expenses incurred R1900 3 908 212,00 3 908 212,00 Other expenses R2500 Total expenses R2600 3 908 212,00 / Life Technical Provisions (S.12.01) S.12.01.02 Life and Health SLT Technical Provisions Indexlinked and unitlinked insurance Other life insurance Total (Life other than Insurance with profit health insurance, incl. participation Contracts without options and Contracts with options or Contracts without Contracts with options or UnitLinked) guarantees guarantees options and guarantees guarantees C0020 C0030 C0040 C0050 C0060 C0070 C0080 C0150 Technical provisions calculated as a whole R0010 Total Recoverables from reinsurance/spv and Finite Re after the adjustment for R0020 expected losses due to counterparty default associated to TP as a whole Technical provisions calculated as a sum of BE and RM Best Estimate Gross Best Estimate R0030 7 785 279,00 11 170 865,00 18 956 144,00 Total Recoverables from reinsurance/spv and Finite Re after the adjustment for expected losses due to counterparty default R0080 8 031 077,00 8 031 077,00 Best estimate minus recoverables from reinsurance/spv and Finite Re total R0090 245 798,00 11 170 865,00 10 925 067,00 Risk Margin R0100 237 640,00 203 645,00 441 285,00 Amount of the transitional on Technical Provisions Technical Provisions calculated as a whole R0110 Best estimate R0120 Risk margin R0130 Technical provisions total R0200 8 022 919,00 11 374 510,00 19 397 429,00 2
/ Impact of long term guarantees and transitional measures on the amount of TP, OF, SCR and MCR (S.22.01) S.22.01.21 Impact of long term guarantees and transitional measures Amount with Long Term Guarantee measures and transitionals Impact of transitional on technical provisions Impact of transitional on interest rate Impact of volatility adjustment set to zero Impact of matching adjustment set to zero C0010 C0030 C0050 C0070 C0090 Technical provisions R0010 19 397 429,00 98 051,00 Basic own funds R0020 7 050 626,00 69 400,00 Eligible own funds to meet Solvency Capital Requirement R0050 7 050 626,00 69 400,00 Solvency Capital Requirement R0090 790 113,00 Eligible own funds to meet Minimum Capital Requirement R0100 7 050 626,00 Minimum Capital Requirement R0110 3 700 000,00 3
/ Capital adequacy : OF, SCR and MCR (S.23, S.25 and S.28) S.23.01.01 Own funds Bas ic own funds before deduc tion for partic ipations in other financ ial s ec tor as fores een Total Tier 1 unrestricted Tier 1 restricted Tier 2 Tier 3 C0010 C0020 C0030 C0040 C0050 in article 68 of Delegated Regulation 2015/35 Ordinary share capital (gross of own shares) R0010 11 000 000,00 11 000 000,00 0,00 Share premium account related to ordinary share capital R0030 0,00 0,00 0,00 Initial funds, members' contributions or the equivalent basic R0040 0,00 0,00 0,00 own fund item for mutual and mutualtype undertakings Subordinated mutual member accounts R0050 0,00 0,00 0,00 0,00 Surplus funds R0070 0,00 0,00 Preference shares R0090 0,00 0,00 0,00 0,00 Share premium account related to preference shares R0110 0,00 0,00 0,00 0,00 Reconciliation reserve R0130 3 949 374,00 3 949 374,00 Subordinated liabilities R0140 0,00 0,00 0,00 0,00 An amount equal to the value of net deferred tax assets R0160 0,00 0,00 Other own fund items approved by the supervisory authority R0180 0,00 0,00 0,00 0,00 0,00 as basic own funds not specified above O wn funds from the financ ial s tatements that s hould not be repres ented by the rec onc iliation res erv e and do not meet the c riteria to be classified as Solvency II own funds Own funds from the financial statements that should not be represented by the reconciliation reserve and do not meet the criteria to be classified as Solvency II own funds Deduc tions R0220 0,00 Deductions for participations in financial and credit institutions R0230 0,00 0,00 0,00 0,00 Total bas ic own funds after deduc tions R0290 7 050 626,00 7 050 626,00 0,00 0,00 0,00 Ancillary own funds Unpaid and uncalled ordinary share capital callable on demand Unpaid and uncalled initial funds, members' contributions or the equivalent basic own fund item for mutual and mutual R0300 0,00 0,00 R0310 0,00 0,00 type undertakings, callable on demand Unpaid and uncalled preference shares callable on demand R0320 0,00 0,00 0,00 A legally binding commitment to subscribe and pay for R0330 0,00 0,00 0,00 subordinated liabilities on demand Letters of credit and guarantees under Article 96(2) of the R0340 0,00 0,00 Directive 2009/138/EC Letters of credit and guarantees other than under Article R0350 0,00 0,00 0,00 96(2) of the Directive 2009/138/EC Supplementary members calls under first subparagraph of R0360 0,00 0,00 Article 96(3) of the Directive 2009/138/EC Supplementary members calls other than under first R0370 0,00 0,00 0,00 subparagraph of Article 96(3) of the Directive 2009/138/EC Other ancillary own funds R0390 0,00 0,00 0,00 Total ancillary own funds R0400 0,00 0,00 0,00 Available and eligible own funds Total av ailable own funds to meet the SCR R0500 7 050 626,00 7 050 626,00 0,00 0,00 0,00 Total av ailable own funds to meet the MCR R0510 7 050 626,00 7 050 626,00 0,00 0,00 Total eligible own funds to meet the SCR R0540 7 050 626,00 7 050 626,00 0,00 0,00 0,00 Total eligible own funds to meet the MCR R0550 7 050 626,00 7 050 626,00 0,00 0,00 SCR R0580 790 113,00 MCR R0600 3 700 000,00 Ratio of Eligible own funds to SCR R0620 8,9236 Ratio of Eligible own funds to MCR R0640 1,9056 Reconciliation reserve Reconciliation reserve C0060 C0060 Excess of assets over liabilities R0700 7 050 626,00 Own shares (held directly and indirectly) R0710 0,00 Foreseeable dividends, distributions and charges R0720 0,00 Other basic own fund items R0730 11 000 000,00 Adjustment for restricted own fund items in respect of ring R0740 0,00 fenced funds due to ring fencing Rec onc iliation res erv e R0760 3 949 374,00 Expected profits Expected profits included in future premiums (EPIFP) Life R0770 0,00 business Expected profits included in future premiums (EPIFP) Nonlife business R0780 0,00 Total Expected profits included in future premiums R0790 0,00 (EPIFP) 4
Solvency Capital Requirement for undertakings on Standard Formula S.25.01.01 (*) Closed list : 1 : Article 112(7) reporting 2 : Regular reporting Article 112 (*) Z0010 2 Basic Solvency Capital Requirement Net s olv enc y c apital requirement G ros s s olv enc y c apital requirement Alloc ation from adjus tments due to RFF and Matc hing adjustments portfolios C0030 C0040 C0050 Market risk R0010 152 070,42 152 070,42 Counterparty default risk R0020 625 420,37 625 420,37 Life underwriting risk R0030 355 630,02 355 630,02 Health underwriting risk Nonlife underwriting risk Diversification R0060 280 740,46 280 740,46 Intangible asset risk Bas ic Solv enc y Capital Requirement R0100 852 380,35 852 380,35 R0040 R0050 R0070 Calculation of Solvency Capital Requirement Value C0100 Adjustment due to RFF/MAP nscr aggregation R0120 Operational risk R0130 263 913,56 Lossabsorbing capacity of technical provisions R0140 Lossabsorbing capacity of deferred taxes R0150 326 181,08 Capital requirement for business operated in accordance with Art. 4 of Directive 2003/41/EC R0160 Solv enc y Capital Requirement ex c luding c apital addon R0200 790 112,83 Capital addon already set R0210 Solvency capital requirement R0220 790 112,83 O ther information on SCR Capital requirement for durationbased equity risk submodule Total amount of Notional Solvency Capital Requirements for remaining part Total amount of Notional Solvency Capital Requirements for ring fenced funds Total amount of Notional Solvency Capital Requirements for matching adjustment portfolios Diversification effects due to RFF nscr aggregation for article 304 Method used to calculate the adjustment due to RFF/MAP nscr aggregation (*) Net future discretionary benefits R0400 R0410 R0420 R0430 R0440 R0450 R0460 (*) Closed list of values : 1 (Full recalculation), 2 (Simplification at risk submodule level) 3 (Simplification at risk module level) 4 (No adjustment) 5
Minimum Capital Requirement Only life or only nonlife insurance or reinsurance activity S.28.01.01 Linear formula component for nonlife insurance and reinsurance obligations MCR components C0010 MCRNL Result R0010 Background information Background information Net (of reins uranc e/spv) Net (of reins uranc e) bes t es timate and TP written premiums in the calculated as a whole last 12 months C0020 C0030 Medical expense insurance and proportional reinsurance Income protection insurance and proportional reinsurance Workers' compensation insurance and proportional reinsurance Motor vehicle liability insurance and proportional reinsurance Other motor insurance and proportional reinsurance Marine, aviation and transport insurance and proportional reinsurance Fire and other damage to property insurance and proportional reinsurance General liability insurance and proportional reinsurance Credit and suretyship insurance and proportional reinsurance Legal expenses insurance and proportional reinsurance Assistance and proportional reinsurance Miscellaneous financial loss insurance and proportional reinsurance Nonproportional health reinsurance Nonproportional casualty reinsurance Nonproportional marine, aviation and transport reinsurance Nonproportional property reinsurance R0020 R0030 R0040 R0050 R0060 R0070 R0080 R0090 R0100 R0110 R0120 R0130 R0140 R0150 R0160 R0170 Linear formula component for life insurance and reinsurance obligations MCRL Result R0200 78 196,06 C0040 Total capital at risk for all life (re)insurance obligations Net (of reins uranc e/spv) bes t es timate and TP calculated as a whole C0050 Net (of reins uranc e/spv) total capital at risk C0060 Obligations with profit participation guaranteed benefits Obligations with profit participation future discretionary benefits Indexlinked and unitlinked insurance obligations Other life (re)insurance and health (re)insurance obligations Total capital at risk for all life (re)insurance obligations R0210 R0220 R0230 R0240 R0250 Overall MCR calculation C0070 Linear MCR R0300 78 196,06 SCR R0310 790 112,83 MCR cap R0320 355 550,77 MCR floor R0330 197 528,21 Combined MCR R0340 197 528,21 Absolute floor of the MCR R0350 3 700 000,00 Minimum Capital Requirement R0400 3 700 000,00 6