The balance sheet structure of the Talanx Group is shaped by its character as a diversified financial services group and its activities as a large globally operating insurance group. The predominant asset item is investments, accounting for 76% of total assets. Without taking into account funds withheld by ceding companies and investments under investment contracts, investments amounted to EUR 86.3 billion or 65% of total assets. These investments serve first and foremost as cover for insurance business provisions (69% of balance sheet total), which – excluding respective life insurance provisions insofar as the investment risk is borne by policyholders – totalled EUR 91.7 billion. The most important sources of funding are shareholders’ equity (8% of balance sheet total) and issued subordinated debt (2% of balance sheet total).