EX-99.2 5 e9221_ex99-2.htm RECONCILIATION Unassociated Document
AXA Financial, Inc.
Reconciliation of AXA US Life & Savings Contribution to AXA Group IFRS Revenues
with Consolidated AXA Financial, Inc. Premiums under USGAAP
(in millions)
 
 
 
                   
                    
           
 
  
 
  
           
Three Months Ended
March 31, 2006
  
Three Months Ended
March 31, 2007
  
                    
Contribution to AXA Group IFRS Revenues per AXA Press Release
      
in Euro
           
                    
Gross Premiums
                
3,807
   
3,798
 
Other Revenues (A)
                
191
   
214
 
                 
3,998
   
4,012
 
                           
Average exchange rate US$1.00 =
    
0.83200
   
0.76300
 
                           
                           
 
            in US$    
4,806
   
5,258
 
                           
Reconciling items:
                          
                           
calc     Less: Other Revenues (A)
      
(230
)
  
(280
)
    Less: Deposits from Universal life and investment-type product policy fee income (B)
      
(4,076
)
  
(4,468
)
    Less: Reinsurance ceded premiums (C)
      
(108
)
  
(121
)
    Add: Others (D)
                
1
   
3 
  
Total Reconciling items
                
(4,413
)
  
(4,866
)
                           
                           
                           
Consolidated AXA Financial, Inc. US GAAP Premiums
                
393
   
392
 
                           
 
(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