Aflac 2009 Annual Report Download - page 44

Download and view the complete annual report

Please find page 44 of the 2009 Aflac annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 98

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98

Largest Global Investment Positions
Ratings
(In millions) Amortized Cost % of Total Seniority Moody’s S&P Fitch
Government of Japan* $ 11,167 15.6% Senior Aa2 AA AA-
Israel Electric Corp. 889 1.2 Senior Baa2 BBB –
Republic of Tunisia 868 1.2 Senior Baa2 BBB BBB
HSBC Holdings PLC 793 1.1
HSBC Finance Corporation (formerly Household Finance) 568 .8 Senior A3 A AA-
Republic New York Corp. 11 – LTII A2 A+ AA-
HSBC Bank PLC (RAV Int’l. Ltd.) 54 .1 UTII A2 A AA-
The Hong Kong & Shanghai Banking Corp Ltd (RAV Int’l. Ltd.) 109 .2 UTII Aa2 – –
HSBC Holdings PLC 15 – UTII A1 A AA-
HSBC Holdings PLC (HSBC Capital Funding LP) 36 – Tier I A3 A- AA-
Republic of South Africa 665 .9 Senior A3 BBB+ BBB+
Commerzbank AG 637 .9
Commerzbank AG 109 .2 LTII A1 A- A
Dresdner Bank AG 310 .4 LTII A1 A- A
Dresdner Bank AG (Dresdner Funding Trusts I & IV) 218 .3 Tier I Baa3 CCC CCC
Lloyds Banking Group PLC 597 .8
Lloyds Banking Group PLC 7 – Tier I B3 CC –
Lloyds Bank PLC 305 .4 LTII Ba2 BB BB
HBOS PLC 285 .4 UTII Ba2 BB- B+
Bank of America Corp. 586 .8
Bank of America Corp. (includes Fleet Financial Group Inc, Nationsbank Corporation) 258 .4 LTII A3 A- A
Bank of America Corp. (NB Capital Trust, Bankamerica Instit-A) 18 – Tier I Baa3 BB BB
Merrill Lynch & Co Inc. 298 .4 Senior A2 A A+
Merrill Lynch & Co Inc. 12 – LTII A3 A- A
Mizuho Financial Group Inc. 564 .8
Mizuho Bank, Mizuho Finance Cayman & Aruba 564 .8 UTII A1 – –
UniCredit SpA 553 .8
Unicredito Bank Austria 11 – LTII Aa3 AA+ –
Hypovereinsbank 217 .3 LTII A2 A- A
Hypovereinsbank (HVB Funding Trust I, III & IV) 325 .5 Tier I A3 BBB BBB
Sumitomo Mitsui Financial Group Inc. 543 .8
Sumitomo Mitsui Banking Corporation 109 .2 LTII Aa3 A A-
Sumitomo Mitsui Banking Corporation (SMBC International Finance) 434 .6 UTII Aa3 A- A-
Commonwealth Bank of Australia 532 .7
Commonwealth Bank of Australia 217 .3 LTII Aa2 AA- AA-
Commonwealth Bank of Australia 217 .3 UTII – A+ –
Bankwest 98 .1 UTII Aa2 AA- –
BNP Paribas 500 .7
BNP Paribas 120 .2 Senior Aa1 AA AA
FORTIS (Fortis Bank SA-NV, Fortis Luxembourg Finance SA) 380 .5 UTII A3 BBB+ A+
Bank of Tokyo-Mitsubishi UFJ Ltd. 489 .7
Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU Curacao Holdings NV) 489 .7 LTII Aa3 A A-
Erste Group Bank AG 466 .7
Erste Group Bank 108 .2 LTII A1 A- A-
Erste Group Bank (Erste Finance Jersey Ltd. 3 & 5) 358 .5 Tier I A2 – BBB
MetLife Inc. 465 .7
MetLife Inc. 194 .3 Senior A3 A- A
Metropolitan Life Global Funding I 271 .4 Senior Aa3 AA- –
Investcorp SA 452 .6
Investcorp Capital Limited 452 .6 Senior Ba2 – BB+
Citigroup Inc. 440 .6
Citigroup Inc. (includes Citigroup Global Markets Holdings Inc., Associates Corp.) 439 .6 Senior A3 A A+
Citigroup Inc. (Citicorp) 1 – LTII Baa1 A- A
JP Morgan Chase & Co. (includes Bear Stearns) 438 .6
JP Morgan Chase & Co. (includes Bear Stearns Companies Inc.) 380 .6 Senior Aa3 A+ AA-
JP Morgan Chase & Co. (FNBC) 30 – Senior Aa1 AA- –
JP Morgan Chase & Co. (Bank One Corp) 17 – LTII A1 A A+
JP Morgan Chase & Co. (NBD Bank) 11 – LTII Aa2 A+ A+
Telecom Italia SpA 434 .6
Telecom Italia Finance SA 434 .6 Senior Baa2 BBB BBB
National Grid PLC 434 .6
National Grid Gas PLC 217 .3 Senior A3 A- A
National Grid Electricity Transmission PLC 217 .3 Senior A3 A- A
Total $ 22,512 31.4%
Total debt and perpetual securities $ 71,874 100.0%
* JGBs or JGB-backed securities
We’ve got you under our wing.
40