EX-99.2 3 e7823_ex99-2.txt RECONCILIATION AXA FINANCIAL, INC. RECONCILIATION OF AXA US LIFE & SAVINGS CONTRIBUTION TO IFRS REVENUES WITH CONSOLIDATED AXA FINANCIAL, INC. PREMIUMS UNDER US GAAP (in millions)
-------------------- 12'04 12'05 --------- -------- CONTRIBUTION TO AXA IFRS REVENUES PER AXA PRESS RELEASE IN EURO Gross Premiums 12,194 13,041 Other Revenues (A) 653 899 -------- -------- TOTAL CONTRIBUTION TO IFRS REVENUES 12,847 13,940 Average exchange rate US$1.00 = 0.804 0.803 IN US$ 15,981 17,360 Reconciling Items: Less: Other Revenues (A) (814) (1,120) Less: Deposits from Universal life and investment-type product policy fee income (B) (13,553) (14,157) Less: Reinsurance ceded premiums (C) (338) (434) -------- -------- Total Reconciling items (14,705) (15,711) -------- -------- -------- -------- CONSOLIDATED AXA FINANCIAL, INC. US GAAP PREMIUMS 1,276 1,649 -------- -------- (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