6.5 Financial investments
Breakdown by contract type
Book value | Fair value | |||||||
Amounts in 1,000 Swiss francs | 31.12.2025 | 31.12.2024 | 31.12.2025 | 31.12.2024 | ||||
Debt securities | 4,886,181 | 4,749,301 | 4,909,396 | 4,782,163 | ||||
of which, intended to be held to maturity | 4,868,666 | 4,730,490 | 4,890,493 | 4,762,470 | ||||
of which, not intended to be held to maturity (available for sale) | 17,515 | 18,811 | 18,903 | 19,693 | ||||
Equity securities | 403,920 | 404,386 | 462,615 | 447,101 | ||||
of which, qualified participations1) | 0 | 0 | 0 | 0 | ||||
Money market securities | 0 | 0 | 0 | 0 | ||||
Precious metals | 0 | 0 | 0 | 0 | ||||
Real estate | 0 | 0 | 0 | 0 | ||||
Total financial investments | 5,290,101 | 5,153,687 | 5,372,011 | 5,229,265 | ||||
of which, securities eligible for repo transactions in accordance with liquidity requirements | 4,727,180 | 4,624,854 | – | – | ||||
1)At least 10% of the capital or votes
Breakdown of counterparties by rating
Amounts in 1,000 Swiss francs | Very good to good credit rating (AAA bis AA-) | Good to satisfactory credit rating (A+ bis A-) | Satisfactory credit rating (BBB+ bis BBB-) | Sufficient credit rating (BB+ bis BB-) | Deficient credit rating (B+ bis B-) | Insufficient credit rating (CCC+ bis CCC-) | Without rating | |||||||
Book values of debt securities1) | 4,550,959 | 270,523 | 42,067 | 0 | 0 | 750 | 21,882 | |||||||
Previous year | 4,623,632 | 48,954 | 20,013 | 0 | 0 | 1,200 | 55,501 |
1)Incl. money market securities
The classification into the different rating classes was carried out using a model based on external ratings. The ratings classes corresponding to the ratings of Standard & Poor's are shown in brackets.