talanx group annual report 2011 en

200
Financial statements Notes
General information
Portfolio Scenario
Figures in EUR million
Talanx Group. Annual Report 2011
Accounting principles
and policies
Segment reporting Consolidation,
business combinations
Non-current assets held for
sale and disposal groups
Scenarios for changes in the fair value of assets held by the Group as at the balance sheet date:
Recognised
in the income
statement 1)
Recognised
directly
in equity 1)
31.12.2011
Portfolio change
based on
fair value 2)
31.12.2010
Portfolio change
based on
fair value 2)
Equity securities 3) Share prices +20% +1 +151 +152 +361
Share prices +10% +0.4 +75 +76 +181
Share prices –10% –1 –87 –88 –191
Share prices –20% –2 –174 –175 –382
Fixed-income securities yield increase +200 bps –277 –2,695 –7,781 –6,297
Exchange-rate-sensitive investments
yield increase +100 bps –153 –1,421 –4,142 –3,346
yield decrease –100 bps +181 +1,551 +4,382 +3,456
yield decrease –200 bps +390 +3,247 +9,212 +7,245
Change in
exchange rate 4) +10% –1,942 –106 –2,048 –1,750
thereof USD –1,083 –80 –1,163 –989
thereof GBP –235 –1 –236 –194
thereof AUD –192 –1 –193 –150
thereof other –433 –24 –457 –418
Change in
exchange rate 4) –10% +1,942 +106 +2,048 +1,750
thereof USD +1,083 +80 +1,163 +989
thereof GBP +235 +1 +236 +194
thereof AUD +192 +1 +193 +150
thereof other +433 +24 +457 +418
1) Gross (before taxes and surplus participation)
2) Including financial assets of the categories “Loans and receivables” and “Financial assets held to maturity“
3) Including derivatives
4) Exchange rate variations of +/–10% versus the euro, on the basis of the balance-sheet values