2023 05 25 Summary non audited consolidated financial statements Q1-2023

CONTENTS

BASIS OF PREPARATION

3

SIGNIFICANT EVENTS

4

CONSOLIDATED BALANCE SHEET

5

CONSOLIDATED INCOME STATEMENT

7

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

8

STATEMENT OF CHANGES IN EQUITY

9

ACCOUNTING PRINCIPLES

11

1. APPLICABLE ACCOUNTING STANDARDS

11

2. IFRS 17 INSURANCE CONTRACTS

11

2.1.

General principles

11

2.1.1.

Identifying contracts in the scope of IFRS 17

11

2.1.2.

Level of aggregation

11

2.1.3.

Contract boundaries

12

2.1.4.

Coverage period

12

2.1.5.

Measurement model

12

2.2

Significant judgements and estimates

13

2.2.1

Estimates of future cash flows

13

2.2.2

Discount rates

14

2.2.3

Risk adjustment for non-financial risk

14

2.3

Presentation

14

2.3.1

Insurance service result

14

2.2.1

Reinsurance result

17

2.2.2

Insurance finance income and expenses

17

2.3

Transition impact

17

2.3.1

Transition methodologies

17

2.3.2

Impacts as at January 1, 2022

18

3. IFRS 9 FINANCIAL INSTRUMENTS

18

3.1.

General principles

18

3.1.1

Classification

18

3.1.2

Impairment

19

3.2.

Transition impact

19

3.2.1

Impacts as at January 1, 2023

19

3.2.2

Detailed impacts as at January 1, 2023

20

4. STANDARDS AND AMENDMENTS PUBLISHED BUT NOT YET EFFECTIVE

23

NOTE

1. GOODWILL

24

NOTE

2. OTHER INTANGIBLE ASSETS

24

NOTE

3. FINANCIAL INVESTMENTS

24

NOTE

4. RECEIVABLES ARISING FROM BANKING SECTOR

26

NOTE

5. CASH AND CASH EQUIVALENTS

27

NOTE

6. SHARE CAPITAL

27

NOTE

7. PROVISIONS FOR LIABILITIES AND CHARGES

27

NOTE

8. FINANCING LIABILITIES

28

NOTE

9. LEASE LIABILITIES

28

NOTE

10. LIABILITIES RELATING TO INSURANCE CONTRACTS

29

NOTE

11. PAYABLES ARISING FROM BANKING SECTOR ACTIVITIES

29

NOTE

12. CONSOLIDATED TURNOVER

29

NOTE

13. CLAIMS EXPENSES

30

NOTE

14. OVERHEADS BY DESTINATION

30

NOTE

15. REINSURANCE RESULT

31

NOTE

16. NET INVESTMENT RESULT

31

NOTE

17. INCOME STATEMENT BY SECTOR

32

NOTE

18. EARNINGS PER SHARE

33

NOTE

19. OFF-BALANCE SHEET COMMITMENTS

34

NOTE

20. EVENTS AFTER THE REPORTING PERIOD

34

Consolidated balance sheet

Assets

(in thousands of euros)

Notes

March 31, 2023

Dec. 31, 2022*

Intangible assets

237,087

238,835

Goodwill

1

155,521

155,960

Other intangible assets

2

81,566

82,876

Financial investments

3

3,103,752

3,015,136

Real estate investments

3

288

288

Investments at amortized cost

3

106,532

102,088

Investments at fair value through other comprehensive income

3

2,395,980

2,902,405

Investments at fair value through profit and loss

3

600,295

26

Derivatives and separate embedded derivatives

3

658

10,330

Receivables arising from banking activities

4

2,969,052

2,906,639

Reinsurers' shares of insurance liabilities

10

340,565

356,217

Other assets

549,197

515,650

Buildings used for operations purposes and other property, plant

93,357

94,613

and equipment

Deferred tax assets

81,654

90,693

Trade receivables arising from service activities

54,261

50,062

Current tax receivable

62,543

66,612

Other receivables

257,382

213,670

Cash and equivalents

5

565,822

553,786

TOTAL ASSETS

7,765,476

7,586,265