EX-99.2 3 e6730_ex99-2.txt RECONCILIATION Exhibit 99.2 AXA FINANCIAL, INC. RECONCILIATION OF AXA US LIFE & SAVINGS CONTRIBUTION TO AXA FRENCH GAAP GROSS REVENUES WITH CONSOLIDATED AXA FINANCIAL, INC. PREMIUMS UNDER US GAAP (in millions)
---------------------------------------- AXF AXF MONY AXF & MONY ---------------------------------------- NINE MONTHS ENDED SEPTEMBER 30, ---------------------------------------- 2003 2004 ------- ---------------------------- CONTRIBUTION TO AXA FRENCH GAAP GROSS REVENUES PER AXA PRESS RELEASE IN EURO Gross Premiums 10,571 8,714 355 9,069 Fees Received from Servicing Business (A) 270 335 97 432 ------ ---------------------------- TOTAL CONTRIBUTION TO AXA FRENCH GAAP GROSS REVENUES 10,840 9,049 453 9,502 Average exchange rate US$1.00 = 0.900 0.816 0.816 0.816 IN US$ 12,045 11,089 555 11,644 Reconciling Items: Less: Other Revenues (A) (300) (410) (120) (530) Less: Deposits from Universal life and investment-type products (B) (10,882) (9,846) (148) (9,994) Less: Reinsurance ceded premiums (C) (201) (199) (72) (271) ------ ---------------------------- Total Reconciling items (11,383) (10,455) (340) (10,795) ------ ---------------------------- CONSOLIDATED AXA FINANCIAL, INC. US GAAP PREMIUMS $ 662 $ 634 $ 215 $ 849 ------ ----------------------------
--------------------------- (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.