EX-99.2 17 e12629_ex99-2.txt RECONCILIATION OF GROSS REVENUE AXA FINANCIAL, INC. RECONCILIATION OF AXA's UNITED STATES LIFE & SAVINGS OPERATION'S CONTRIBUTION TO AXA GROUP IFRS REVENUES WITH CONSOLIDATED AXA FINANCIAL, INC. PREMIUMS UNDER USGAAP (in millions)
THREE MONTHS ENDED MARCH 31, --------------------------------------- 2009 2010 ------------ --------------- CONTRIBUTION TO IFRS GROSS REVENUES PER AXA PRESS RELEASE IN EURO Gross Premiums 3,066 2,040 Other Revenues (A) 148 189 ----------- --------------- 3,214 2,229 ------------ --------------- AVERAGE EXCHANGE RATE US$1.00 = 0.76572 0.72284 ------------ --------------- IN USD 4,197 3,084 Reconciling items: Less: Other Revenues (A) (193) (262) Less: Deposits from Universal life and investment-type product policy fee income (B) (3,517) (2,321) Less: Reinsurance ceded premiums (C) (118) (118) Add: Others (D) 7 7 ------------ --------------- Total Reconciling items (3,821) (2,694) ------------ --------------- CONSOLIDATED AXA FINANCIAL, INC. US GAAP PREMIUMS 376 390 ============ ===============
(A) Represents fees received from servicing and advisory business, and fees on the sales of Mutual Funds reported within Commissions, Fees & Other Income in the US GAAP Statement of Earnings (B) Reflected as an increase to Policyholder Account Balances in the US GAAP Balance Sheet (C) Reflected as a reduction to Premiums in the US GAAP Statement of Earnings (D) Represents Pension fee income and Reinsurance Assumed Premiums that are excluded from premiums for IFRS reporting