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PRU benefited from write-backs<br />
Operating profit/loss<br />
in € m<br />
504<br />
Ø Q3 equity<br />
allocation within<br />
Group<br />
*annualized<br />
-242<br />
-299<br />
161<br />
Eric Strutz CFO <br />
Frankfurt <br />
November 8th, 2010<br />
94<br />
-1,415<br />
Q1 Q2 Q3 Q4 Q1 Q2 Q3<br />
2009 2010<br />
315<br />
Q3`09 Q2`10 Q3`10 9M`09 9M`10<br />
Ø equity (€ m) 1,675 1,250 1,137 1,809 1,250<br />
Op. RoE* (%) 120.4 30.1 110.8 -85.0 60.8<br />
CIR (%) 6.4 18.7 8.6 n/a 11.8<br />
3.6%<br />
Main P&L items<br />
in € m Q3`09 Q2`10 Q3`10 9M`09 9M`10<br />
Net interest income 52 10 29 189 62<br />
Risk provisions -98 -28 -2 -338 -52<br />
Commission income -2 7 2 10 6<br />
Net trading income 697 56 328 -538 666<br />
Net investment income -105 70 -9 -370 -33<br />
Operating expenses 41 28 30 107 83<br />
Operating profit/loss 504 94 315 -1,153 570<br />
›<br />
›<br />
›<br />
Operating profit of €315m in Q3; OCI reserve improved by<br />
€79m q-o-q<br />
Ongoing portfolio reduction of €2.3bn driven by the sale of assets<br />
(mainly High Grade ABS) and FX effects due to the weakening of the<br />
USD<br />
The liquidity for many PRU assets has generally improved over the<br />
last quarter<br />
› Exit of Credit Trading is intended by the end of 2010<br />
All operating segments on a full period base, Q1/09-12-day-effect will be adjusted in O&C<br />
21
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