EX-99.2 3 e7659_ex99-2.txt RECONCILIATION Exhibit 99.2 AXA FINANCIAL, INC. RECONCILIATION OF AXA US LIFE & SAVINGS CONTRIBUTION TO AXA GROUP IFRS REVENUES WITH CONSOLIDATED AXA FINANCIAL, INC. PREMIUMS UNDER US GAAP (in millions)
-------- -------- 9'04 9'05 -------- -------- CONTRIBUTION TO AXA IFRS REVENUES PER AXA PRESS RELEASE in Euro Gross Premiums 9,070 9,423 Other Revenues (A) 432 684 -------- -------- TOTAL CONTRIBUTION TO IFRS REVENUES 9,502 10,107 Average exchange rate US$1.00 = 0.816 0.791 IN US$ 11,645 12,778 Reconciling Items: Less: Other Revenues (A) (529) (865) Less: Deposits from Universal life and investment-type product policy fee income (B) (10,020) (10,382) Less: Reinsurance ceded premiums (C) (247) (315) -------- -------- Total Reconciling items (10,796) (11,562) -------- -------- -------- -------- CONSOLIDATED AXA FINANCIAL, INC. US GAAP PREMIUMS 849 1,216 -------- --------
(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