18 Acquisition of Insurance Portfolio

In April 2011, the Swiss Life Group acquired the group life insurance portfolio of Nationale Suisse. The assets acquired and liabilities assumed were as follows:

In CHF million  
  01.04.2011
 
Assets acquired and liabilities assumed
 
Cash and cash equivalents
  111
Financial assets available for sale
  1 298
Loans and receivables
  91
Investment property
  256
Reinsurance assets
  12
Present value of future profits
  2
Other assets
  2
Derivatives
  0
Investment contracts
  –15
Other financial liabilities
  –58
Insurance liabilities
  –1 605
Policyholder participation liabilities
  –79
Deferred income tax liabilities
  –1
Other liabilities
  –3
Total net assets acquired
  11


 
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