Annual Report 2012 - Swiss Life

154 Consolidated Financial Statements
Exposure to credit risk of debt instruments – CREDIT RATING BY CLASS AS AT 31 DECEMBER 2012
In CHF million
Past due or
AAA AA A BBB Below BBB Not rated impaired Total
Debt securities
Supranational 2 066 87 46 17 – – – 2 216
Governments 18 102 11 103 1 601 984 86 58 1 31 935
Sovereign 194 1 118 626 1 295 175 – – 3 408
Covered/guaranteed 7 525 1 162 447 231 10 68 – 9 444
Corporates 876 5 881 17 196 14 624 1 604 19 2 40 203
Other 54 – – – – – 0 54
Total debt securities 28 817 19 352 19 916 17 150 1 875 146 3 87 259
Mortgages
Commercial – – – – – 2 501 12 2 513
Residential – – – – – 2 928 23 2 951
Total mortgages – – – – – 5 429 35 5 464
Other loans and receivables
Policy and other originated loans 159 34 360 123 – 570 0 1 247
Note loans 3 910 2 783 815 368 94 – – 7 970
Receivables 80 103 118 53 6 3 456 60 3 876
Total other loans and receivables 4 149 2 920 1 294 544 100 4 026 60 13 092
Exposure to credit risk of debt instruments – CREDIT RATING BY CLASS AS AT 31 DECEMBER 2011
In CHF million
Past due or
AAA AA A BBB Below BBB Not rated impaired Total
Debt securities
Supranational 2 071 – 159 16 – – – 2 246
Governments 27 086 3 772 1 177 608 104 85 11 32 843
Sovereign 225 763 465 866 191 – – 2 510
Covered/guaranteed 6 613 1 286 1 455 957 216 25 – 10 552
Corporates 1 068 5 397 13 451 10 437 2 597 137 3 33 090
Other 97 19 11 8 9 27 0 171
Total debt securities 37 160 11 237 16 718 12 892 3 117 274 14 81 412
Mortgages
Commercial – – – – – 2 558 6 2 564
Residential – – – – – 2 530 29 2 559
Total mortgages – – – – – 5 088 35 5 123
Other loans and receivables
Policy and other originated loans 149 69 858 14 – 618 0 1 708
Note loans 4 829 1 893 933 510 11 – – 8 176
Receivables 110 49 92 49 7 3 222 58 3 587
Total other loans and receivables 5 088 2 011 1 883 573 18 3 840 58 13 471
Swiss Life – Annual Report 2012