Annual Report 2022
6.5.6
Investments on behalf of policyholders

See accounting policy F.

Investments on behalf of policyholders at fair value through profit or loss
31 December 202231 December 2021
Government bonds1,5261,954
Corporate bonds1,3861,100
Equities6,5047,950
Real estate equity funds170249
Mortgage equity funds252234
Derivatives-6
Cash and cash equivalents918
Other investments6664
Total investments on behalf of policyholders at fair value through profit or loss9,91211,574
Changes in investments on behalf of policyholders at fair value through profit or loss
20222021
At 1 January11,57410,154
Purchases1,1011,125
Disposal-805-1,237
Revaluation through profit or loss-1,9461,629
Other changes-12-98
At 31 December9,91211,574

Investments on behalf of policyholders are managed on behalf of policyholders on a fair value basis. Although individual instruments may (or may not) have a maturity depending on their nature, this does not impact the liquidity position of a.s.r.