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Full-year Results 2020

Bond portfolio: Ratings and classification Insurance portfolio for own risk (fair value basis) CHF million 180 225 Breakdown by rating BB B 3% BBB 2% 19% AAA 37% 12% 27% AA Breakdown by classification Bonds 57.2% Corporate bonds¹) 44% 56% Governments & 31.12.2020 1) Including senior secured loan funds 57 | Investor presentation | Full-year results 2020 supranationals PAM SwissLife

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