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Allianz Annual Report 2012

21 – Financial liabilities for unit-linked contracts Financial liabilities for unit-linked contracts D 088 € mn as of 31 December 2012 2011 Unit-linked insurance contracts 50,078 43,446 Unit-linked investment contracts 21,119 20,054 Total 71,197 63,500 Changes in financial liabilities for unit-linked insurance contracts and unit-linked investment contracts for the years ended 31 December 2012 and 2011 were as follows: Changes in financial liabilities for unit-linked insurance contracts and unit-linked investment contracts D 089 € mn 2012 2011 Unit-linked insurance contracts Unit-linked investment contracts Unit-linked insurance contracts Unit-linked investment contracts As of 1 January 43,446 20,054 43,027 21,820 Foreign currency translation adjustments (520) 41 697 (71) Changes in the consolidated subsidiaries of the ­Allianz Group – – (588) – Premiums collected 7,754 4,438 8,090 5,001 Interest credited 5,467 1,623 (1,502) (583) Releases upon death, surrender and withdrawal (4,423) (4,957) (3,748) (6,034) Policyholder charges (1,287) (78) (1,182) (87) Portfolio acquisitions and disposals (18) (3) (24) (1) Reclassifications 1 (341) 1 (1,324) 9 As of 31 December 50,078 21,119 43,446 20,054 1 These reclassifications mainly relate to insurance contracts when policyholders change their contract from a unit-linked to a universal life-type contract. Annual Report 2012    Allianz Group304

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