31 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


 

The future starts here.