Notes on the consolidated balance sheet – liabilities

(26) Other liabilities

 

2010

2009

Figures in EUR million

   

Liabilities under direct written insurance business

2,155

2,237

thereof to policyholders

1,548

1,659

thereof to insurance intermediaries

607

578

Reinsurance payable

1,968

1,570

Liabilities due to banks

57

Trade accounts payable

68

39

Liabilities relating to investments

145

206

Liabilities under non-group lead business

71

35

Liabilities from derivatives

234

72

thereof negative fair values from derivative hedging instruments

149

42

Deferred income

26

27

Interest

15

11

Liabilities due to social insurance institutions

11

11

Other liabilities

165

296

Balance at 31.12. of the year under review

4,858

4,561

In the year under review Talanx AG paid back liabilities due to banks in an amount of EUR 57 million.

Explanatory remarks on the maturities of the financial instruments included in the other liabilities are provided in the section “Nature of risks associated with insurance contracts and financial instruments”. Detailed information on liabilities from derivatives is provided in item 12 of the Notes.