talanx group annual report 2011 en

Nature of risks Notes on the balance
Notes on the balance
sheet – assets
sheet – liabilities
2010 1)
Ordinary
investment
income
Amor tisation
Gains on
disposal
Notes on the consolidated
statement of income
Losses on
disposal
Impairments
Other information List of shareholdings
Appreciation
Unrealised
gains
Unrealised
losses Total
Figures in EUR million
Investments in affiliated companies and
participating interests 3 — — — 3 — — — —
Loans and receivables 1,265 79 53 20 10 3 — — 1,370
Financial assets held to maturity
Financial assets available for sale
120 — — — — — — — 120
Fixed-income securities 1,036 20 251 42 8 30 — — 1,287
Variable-yield securities
Financial assets at fair value
through profit or loss
Financial assets classified at
fair value through profit or loss
65 — 121 16 51 — — — 119
Fixed-income securities 42 — 23 3 — — 45 24 83
Variable-yield securities
Financial instruments held for trading
— — — — — — 2 — 2
Fixed-income securities 4 — — — — — 1 — 5
Variable-yield securities — — 3 1 — — — — 2
Derivatives
Other invested assets, insofar
4 — 23 23 — — 18 2 20
as they are financial assets 29 — 7 — 22 4 4 — 22
Other 1) 109 6 9 — 21 — 4 60 47
Investments under own management
Funds held by ceding companies/funds
2,677 105 490 105 115 37 74 86 3,077
held under reinsurance treaties 280 — — — — — — — 280
Total 2,957 105 490 105 115 37 74 86 3,357
1) For the purposes of reconciliation with the consolidated statement of income, the “Other” item combines the gains on
investment property, associated companies and derivative financial instruments – insofar as the fair values are negative.
Derivatives held for hedging purposes within the scope of hedge accounting (see item 12) are not included in the list if they
do not relate to hedges in the area of investments
2) No allowance made for expenses for the administration of investments and other expenses
The interest income on investments was as follows in the year under review:
Interest income from investments 2011 2010
Figures in EUR million
Loans and receivables 1,329 1,344
Financial assets held to maturity 146 120
Financial assets available for sale
Financial assets at fair value through profit or loss
1,136 1,056
Financial assets classified at fair value through profit or loss 44 42
Financial instruments held for trading 1 4
Other 78 50
Total 2,734 2,616
Talanx Group. Annual Report 2011
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