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Allianz Annual Report 2012

related to fixed-indexed annuity products and guaranteed benefits under unit-linked contracts of € 736  mn (2011: € 864 mn; 2010: € 681 mn) from U.S. entities. Corporate and Other segment For the year ended 31 December 2012, income/(expenses) from financial assets and liabilities held for trading (net) in the Corporate and Other segment include income of € 354 mn (2011: expenses of € 458 mn; 2010: income of € 72 mn) from derivative financial instruments. This includes ex- penses of € 14 mn (2011: expenses of € 9 mn; 2010: income of € 33 mn) from financial derivative instruments to protect investments and liabilities against foreign exchange rate Income/(expenses) from financial assets and liabilities held for trading (net) Life/Health segment For the year ended 31 December 2012, income/(expenses) from financial assets and liabilities held for trading (net) in the Life/Health segment include expenses of € 878 mn (2011: € 735 mn; 2010: € 1,072 mn) from derivative financial instruments. This includes income of € 107 mn (2011: in- come of € 276 mn; 2010: expenses of € 366 mn) of German entities from financial derivative positions held for dura- tion management and protection against equity and for- eign exchange rate fluctuations. Also included are expenses 28 – Income from financial assets and liabilities carried at fair value through income (net) Income from financial assets and liabilities carried at fair value through income (net) D 099 € mn Property- Casualty Life/Health Asset Manage- ment Corporate and Other Consoli- dation Group 2012 Income/(expenses) from financial assets and liabilities held for trading (net) (98) (832) (2) 237 48 (647) Income/(expenses) from financial assets and liabilities designated at fair value through income (net) (25) 454 72 (1) (1) 499 Income/(expenses) from financial liabilities for puttable equity instruments (net) 46 (240) (50) – – (244) Foreign currency gains and losses (net) (49) (96) (4) 30 – (119) Total (126) (714) 16 266 47 (511) 2011 Income/(expenses) from financial assets and liabilities held for trading (net) (99) (731) (5) (427) 56 (1,206) Income/(expenses) from financial assets and liabilities designated at fair value through income (net) 59 (169) (40) (3) (1) (154) Income/(expenses) from financial liabilities for puttable equity instruments (net) 11 85 39 – – 135 Foreign currency gains and losses (net) 25 (75) (5) (7) – (62) Total (4) (890) (11) (437) 55 (1,287) 2010 Income/(expenses) from financial assets and liabilities held for trading (net) (114) (1,040) 1 76 3 (1,074) Income/(expenses) from financial assets and liabilities designated at fair value through income (net) 107 867 27 2 (1) 1,002 Income/(expenses) from financial liabilities for puttable equity instruments (net) (21) (286) (12) – – (319) Foreign currency gains and losses (net) (18) 438 3 (68) (2) 353 Total (46) (21) 19 10 – (38) Annual Report 2012    Allianz Group D Consolidated Financial Statements 219 Consolidated Balance Sheets 220 Consolidated Income Statements 221 Consolidated Statements of Comprehensive Income 222 Consolidated Statements of Changes in Equity 223 Consolidated Statements of Cash Flows 226 Notes to the Consolidated Financial Statements 313

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