EX-99.2 3 e6925_ex99-2.txt RECONCILIATION 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 --------------------------------------------- YEARS ENDED DECEMBER 31, --------------------------------------------- 2003 2004 ------- -------------------------------- CONTRIBUTION TO AXA FRENCH GAAP GROSS REVENUES PER AXA PRESS RELEASE IN EURO Gross Premiums 13,357 11,447 780 12,227 Other Revenues (A) 375 454 200 653 ------- ------------------------------- TOTAL CONTRIBUTION TO AXA FRENCH GAAP GROSS REVENUES 13,732 11,901 980 12,880 Average exchange rate US$1.00 = 0.884 0.804 0.804 0.804 IN US$ 15,534 14,802 1,218 16,020 Reconciling Items: Less: Other Revenues (A) (424) (564) (248) (812) Less: Deposits from Universal life and investment-type product policy fee income (B) (13,949) (13,062) (506) (13,568) Less: Reinsurance ceded premiums (C) (262) (268) (97) (365) --------- -------------------------------- Total Reconciling items (14,635) (13,894) (851) (14,745) --------- -------------------------------- CONSOLIDATED AXA FINANCIAL, INC. US GAAP PREMIUMS 899 908 367 1,275 ---------- --------------------------------
---------------------------- (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