talanx group annual report 2011 en

Nature of risks Notes on the balance
sheet – assets
Notes on the balance
sheet – liabilities
Notes on the
statement of income
Other information List of shareholdings
(9) Financial assets at fair value through profit or loss
Fair value
31.12.2011 31.12.2010
Figures in EUR million
Fixed-income securities
Government debt securities of EU member states 5 14
Other foreign government debt securities 137 34
Debt securities issued by quasi-governmental entities 1) 50 97
Corporate securities 412 467
Investment funds 90 30
Covered bonds, asset-backed securities 78 230
Participation rights 84 102
Total fixed-income securities 856 974
Investment funds (variable-yield securities) 16 15
Other variable-yield securities — —
Total financial assets classified at fair value through profit or loss 872 989
Fixed-income securities
Government debt securities of EU member states 4 3
Other foreign government debt securities — 49
Debt securities issued by quasi-governmental entities — 9
Corporate securities — 7
Other securities 1 1
Total fixed-income securities 5 69
Investment funds (variable-yield securities) 70 83
Derivatives 53 80
Total financial assets held for trading 128 232
Total 1,000 1,221
1) The debt securities issued by quasi-governmental entities include securities of EUR 4 (0) million which are guaranteed by the
Federal Republic of Germany, other EU states or German federal states
The item “Covered bonds, asset-backed securities” includes German covered bonds (Pfandbriefe)
with a carrying amount of EUR 11 (121) million (14 [53]).
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