NATIXIS -2020 Universal Registration Document

5 FINANCIAL DATA

Parent company financial statements and notes

Headcount and employee benefits Note 18

Change in headcount

31/12/2019

31/12/2020

2,428 5,076 7,504

2,199 5,056 7,255

Technical staff

Managers

NUMBER OF EMPLOYEES

Post-employment benefits and other long-term employee benefits Main actuarial assumptions

2020

2019

Post-employment defined-benefit plan

Other long-term employee benefits

Post-employment defined-benefit plan

Other long-term employee benefits

Supple- mentary pension benefits and other

Supple- mentary pension benefits and other

End-of- career awards

Long- service awards

End-of- career awards

Long- service awards

Other

Other

By type of obligation

0.05% (0.10)%

0.62%

0.45%

0.25%

0.33%

Discount rate Expected return on plan assets

0.38%

0.25%

0.78%

2.90%

0.50%

1.56%

2.96%

0.50%

Future salary increases are estimated by grade based on a constant population and a three-year average. At December 31, 2020, this average (including inflation) was 2.28%, the same as at December 31, 2019.

The remainingaverageworking lives of employees, for all benefits, is 12.0 years versus 12.2 years at December 31, 2019.

Employee benefits, plan assets and separate asset obligations

(in millions of euros)

31/12/2019

31/12/2020

Gross benefit obligation Fair value of plan assets Fair value of separate assets

511

492

(230)

(248)

(62) 219

(60) 184

NET OBLIGATION

436

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020