HSBC 2006 Annual Report Download - page 236

HSBC HOLDINGS PLC
Report of the Directors: The Management of Risk (continued)
Insurance operations > Financial risks / Market risk
234
Financial assets held by insurance underwriting operations
(Audited)
At 31 December 2006
Life linked Life non-linked Non-life
insurance1 insurance2 insurance3 Other assets4 Total5
US$m US$m US$m US$m US$m
Trading assets
Debt securities ...................................... – – 117 39 156
Financial assets designated at fair value
Treasury bills ........................................ 54 24 55 – 133
Debt securities ...................................... 4,304 2,492 32 934 7,762
Equity securities ................................... 8,681 1,815 7 40 10,543
13,039 4,331 94 974 18,438
Financial investments
Held-to-maturity:
Treasury bills and similar ................ – – 44 – 44
Debt securities .................................. – 5,585 279 333 6,197
– 5,585 323 333 6,241
Available-for-sale:
Treasury bills .................................... – 14 102 141 257
Other eligible bills ............................ – – 355 145 500
Debt securities .................................. – 1,284 738 1,415 3,437
Equity securities ............................... – 13 36 139 188
– 1,311 1,231 1,840 4,382
Derivatives................................................. 780 99 – – 879
Other financial assets6 .............................. 274 2,079 712 632 3,697
14,093 13,405 2,477 3,818 33,793
(Audited) At 31 December 2005
Life linked Life non-linked Non-life
insurance1 insurance2 insurance3 Other assets4 Total5
US$m US$m US$m US$m US$m
Trading assets
Treasury bills......................................... – – 21 103 124
Debt securities ...................................... – 49 37 67 153
– 49 58 170 277
Financial assets designated at fair value
Treasury bills ........................................ 9 26 – 17 52
Debt securities ...................................... 2,374 2,118 4 745 5,241
Equity securities ................................... 6,744 1,275 10 726 8,755
9,127 3,419 14 1,488 14,048
Financial investments
Held-to-maturity:
Debt securities .................................. – 4,603 157 226 4,986
– 4,603 157 226 4,986
Available-for-sale:
Treasury bills .................................... – – 70 101 171
Other eligible bills ............................ – – 447 116 563
Debt securities .................................. – 1,116 556 1,437 3,109
Equity securities ............................... – – – 16 16
– 1,116 1,073 1,670 3,859
Derivatives................................................. 427 61 – – 488
Other financial assets ................................ 442 2,021 619 1,098 4,180
9,996 11,269 1,921 4,652 27,838
1 Comprises life linked insurance contracts and linked long-term investment contracts.
2 Comprises life non-linked insurance contracts and non-linked long-term investment contracts.
3 Comprises non-life insurance contracts.