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
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2005 2006
CONTRIBUTION TO IFRS REVENUES PER AXA PRESS RELEASE IN EURO
Gross Premiums 13,041 14,605
Other Revenues (A) 899 784
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13,940 15,389
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Average exchange rate US$1.00 = 0.80300 0.79600
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IN US$ 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
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Total Reconciling items (15,712) (17,752)
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CONSOLIDATED AXA FINANCIAL, INC. US GAAP PREMIUMS $ 1,649 1,582
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(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