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## NOTE 8 INVESTMENTS FOR ACCOUNT OF POLICYHOLDERS 

Investments for account of policyholders comprise financial assets at fair value through profit or loss, excluding derivatives, and investments in real estate. 

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1 Refer to note 47 for a summary of all financial assets and financial liabilities at fair value through profit or loss. 

## NOTE 8.1 INVESTMENTS IN REAL ESTATE 

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The investment property is fully leased out under operating leases. 

Rental income of EUR 73 million (2009: EUR 76 million; 2008: EUR 115 million) is reported as part of investment income in the income statement. There are no restrictions on the realizability 

of investment property or the remittance of income and proceeds of disposal. 

Refer to note 48 for a summary of contractual obligations to purchase investment property or for repairs, maintenance or enhancements. 

