B. GROUP FINANCIAL RESULTS 2021 Group: strong capitalization Shareholders’ equity (EUR bn) Key sensitivities (EUR bn) -2.1% -30% -5.4 80.8 81.6 80.0 Equity markets Unrealized +50bps gains/losses1 22.6 17.6 16.8 -5.8 Retained earnings, Interest rate -50bps +5.7 F/X and undated 29.2 35.2 34.3 subordinated bonds2 on government bonds -3.0 28.9 28.9 28.9 Credit spread +50bps on non-government bonds -3.7 Paid in capital 31.12.20 30.09.21 31.12.21 3 SII capitalization (in %) Key sensitivities +2%-p 207 209 +30% +13%-p 207 Equity markets5 -30% -15%-p 2064 +50bps +4%-p Interest rate SII non-parallel -50bps -5%-p Credit spread +50bps on government bonds -11%-p 31.12.20 30.09.21 31.12.21 on non-government bonds +1%-p 1) Off-balance sheet unrealized gains on real estate, associates and joint ventures attributable to the shareholders amount to EUR 4.8bn as of 31.12.20, EUR 5.0bn as of 30.09.21 and EUR 5.4bn as of 31.12.21 2) Undated subordinated bonds amounted to EUR 2.3bn as of 31.12.20, EUR 4.7bn as of 30.09.21 and EUR 4.7bn as of 31.12.21 3) Including the application of transitional measures for technical provisions, the Solvency II capitalization ratio amounted to 240% as of 31.12.20, to 236% as of 30.09.21 and to 239% as of 31.12.21 4) Pro-forma, taking into account share buy-back of EUR 1.0bn announced in 1Q 2022 25 5) If stress applied to traded equities only, sensitivities would be +6%-p/-6%-p for a +/-30% stress B 7