EX-99.2 3 e8175_ex99-2.txt RECONCILIATION 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)
------------------------------ Q1'05 Q1'06 -------------- -------------- CONTRIBUTION TO AXA GROUP IFRS REVENUES PER AXA PRESS RELEASE IN EURO Gross Premiums 2,984 3,807 Other Revenues (A) 218 191 -------------- -------------- TOTAL CONTRIBUTION TO AXA GROUP IFRS REVENUES 3,202 3,998 Average exchange rate US$1.00 = 0.763 0.832 IN US$ 4,196 4,806 Reconciling Items: Less: Other Revenues (A) (283) (230) Less: Deposits from Universal life and investment-type product policy fee income (B) (3,399) (4,076) Less: Reinsurance ceded premiums (C) (102) (107) ------------------------------ Total Reconciling items (3,784) (4,413) -------------- -------------- CONSOLIDATED AXA FINANCIAL, INC. US GAAP PREMIUMS 412 393 -------------- --------------
(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