Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - AXA FINANCIAL INC | e13997.txt |
| EX-99.1 - AXA FINANCIAL INC | e13997_ex99-1.htm |
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AXA Financial, Inc.
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Reconciliation of AXA US Life & Savings Contribution to AXA Group IFRS Revenues
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with Consolidated AXA Financial, Inc. Premiums under USGAAP
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Three Months Ended March 31,
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| 2010 | 2011 | ||||||||
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Contribution to IFRS Gross Revenues per AXA Press Release
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in Euro
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Gross Premiums
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2,040
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2,266
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Other Revenues (A)
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190
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211
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2,229
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2,478
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Average exchange rate US$1.00 =
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0.72284
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0.73087
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in USD
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3,084
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3,390
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Reconciling items:
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Less: Other Revenues (A)
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(262)
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(289)
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Less: Deposits from Universal life and investment-type product policy fee income (B)
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(2,321)
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(2,598)
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Less: Reinsurance ceded premiums (C)
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(118)
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(116)
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Add: Others (D)
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7
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6
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Total Reconciling items
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(2,694)
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(2,997)
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Consolidated AXA Financial, Inc. US GAAP Premiums
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390
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393
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(A)
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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
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(B)
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Reflected as an increase to Policyholder Account Balances in the US GAAP Balance Sheet
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(C)
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Reflected as a reduction to Premiums in the US GAAP Statement of Earnings
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(D)
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Represents Pension fee income and Reinsurance Assumed Premiums that are excluded from premiums for IFRS reporting
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