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Allianz Annual Report 2013

Annual Report 2013    Allianz Group172 10 – Loans and advances to banks and customers Loans and advances to banks and customers € mn as of 31 December 2013 2012 Banks Customers Total Banks Customers Total Short-term investments and certificates of deposit  3,275 – 3,275 4,207 – 4,207 Reverse repurchase agreements 613 – 613 789 – 789 Collateral paid for securities borrowing transactions and derivatives 315 – 315 365 – 365 Loans 60,5111 51,595 112,106 64,0491 49,633 113,682 Other 670 15 685 436 42 478 Subtotal 65,384 51,610 116,994 69,846 49,675 119,521 Loan loss allowance – (194) (194) – (152) (152) Total 65,384 51,416 116,800 69,846 49,523 119,369 1 Primarily include covered bonds. Loans and advances to banks and customers by contractual maturity Loans and advances to banks and customers by contractual maturity € mn as of 31 December 2013 Up to 3 months > 3 months up to 1 year > 1 year up to 3 years > 3 years up to 5 years Greater than 5 years Total Loans and advances to banks 3,852 3,544 7,754 10,457 39,777 65,384 Loans and advances to customers 3,059 3,034 6,343 5,736 33,438 51,610 Total 6,911 6,578 14,097 16,193 73,215 116,994 The following table presents information relating to the ­Allianz Group’s impaired loans: Impaired loans € mn as of 31 December 2013 2012 Impaired loans 786 881 Impaired loans with specific allowances 784 875 Average balance of impaired loans 818 830 Interest income recognized on impaired loans 8 10 11 – Reinsurance assets Reinsurance assets € mn as of 31 December 2013 2012 Unearned premiums 1,537 1,546 Reserves for loss and loss adjustment expenses 6,494 7,318 Aggregate policy reserves 4,463 4,295 Other insurance reserves 115 95 Total 12,609 13,254

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