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
The following table shows the carrying amounts of the financial assets recognised at fair value,
broken down according to the three levels of the fair value hierarchy:
Carrying amounts of financial instruments
recognised at fair value Level 1 Level 2 Level 3 1)
Figures in EUR million
Assets measured at fair value
Financial assets available for sale
Balance at
31.12.2011
Fixed-income securities 9,616 21,382 11 31,009
Variable-yield securities
Financial assets at fair value through profit or loss
Financial assets classified at fair value
761 79 292 1,132
through profit or loss 162 683 27 872
Financial assets held for trading 79 46 3 128
Other invested assets 2,647 197 1,005 3,849
Other assets, derivative financial instruments — 21 — 21
Total amount of financial assets measured at fair value 13,265 22,408 1,338 37,011
Financial liabilities measured at fair value
Other liabilities (negative fair values from
derivative financial instruments)
Negative fair values from derivatives
(trading portfolio) 2 92 — 94
Negative fair value from hedging instruments — 69 — 69
Other liabilities 2) Total amount of financial liabilities
— 29 — 29
measured at fair value 2 190 — 192
1) Categorisation in level 3 has no quality implications; no conclusions may be drawn as to the credit rating of the issuers
2) Other liabilities include investment contracts which, like financial instruments,
are classified at fair value in accordance with IAS 39
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