Aviva 2009 Annual Report Download - page 55

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Performance review
Aviva plc Analysis of investments continued
Corporate responsibility
Annual Report and Accounts 2009
Governance
Shareholder information
Financial statements IFRS
Financial statements MCEV
Other information
Debt securities, for which policyholders carry the exposure to investment losses, analysed by credit rating and product type are set
out in the table below. Government and corporate debt securities are further analysed by type of issuer.
Debt securities – policyholder assets
Ratings
Less than
AAA AA A BBB BBB Non-rated Total
2009 £m £m £m £m £m £m £m
Government
UK government 5,085 257 — — — — 5,342
UK local authorities — — — — — — —
Non-UK government 1,425 589 978 226 6 40 3,264
6,510 846 978 226 6 40 8,606
Corporate
Public Utilities 19 159 935 99 3 3 1,218
Convertibles and bonds with warrants — — — 2 5 — 7
Other corporate bonds 1,274 1,291 3,234 570 34 267 6,670
1,293 1,450 4,169 671 42 270 7,895
Certificates of deposits — 19 22 196 — 2 239
Structured
RMBS non-agency sub-prime — — — — — — —
RMBS non-agency ALT A — 3 — — — — 3
RMBS non-agency prime 8 1 6 2 — 1 18
RMBS agency 32 — — — — — 32
40 4 6 2 — 1 53
CMBS 8 6 — 5 — — 19
ABS 21 5 29 6 — 1 62
CDO (including CLO) 2 — 2 — — — 4
ABCP — 156 — — — — 156
ABFRN — — — — — — —
31 167 31 11 — 1 241
Wrapped credit — 1 2 3 4 4 14
Other — — — 4 — 544 548
Total 7,874 2,487 5,208 1,113 52 862 17,596
Total % 44.8% 14.1% 29.6% 6.3% 0.3% 4.9%
2008 8,534 3,235 5,898 904 26 999 19,596
2008 % 43.6% 16.5% 30.1% 4.6% 0.1% 5.1%
Performance review