EX-99.2 5 e8816_ex99-2.txt RECONCILIATION OF AXA US LIFE & SAVINGS CONTRIBUTION 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)
YTD DECEMBER ---------------------------- 2005 2006 CONTRIBUTION TO IFRS REVENUES PER AXA PRESS RELEASE IN EURO Gross Premiums 13,041 14,605 Other Revenues (A) 899 784 ------------ ----------- 13,940 15,389 ============= ============ Average exchange rate US$1.00 = 0.80300 0.79600 ============= ============ IN US$ 17,360 19,333 Reconciling Items: calc Less: Other Revenues (A) (1,120) (985) Less: Deposits from Universal life and investment-type product policy fee income (B) (14,157) (16,295) Less: Reinsurance ceded premiums (C) (437) (476) Add: Others (D) 3 4 ------------ ----------- Total Reconciling items (15,712) (17,752) ------------ ----------- CONSOLIDATED AXA FINANCIAL, INC. US GAAP PREMIUMS $ 1,649 1,582 ============ ===========
(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 (D) Represents Pension fee income and intercompany Reinsurance Assumed Premiums that are excluded from premiums for IFRS reporting