Loans and receivables

(€ million) 31.12.2011 31.12.2010
Loans 68,243.3 71,732.5
Unquoted bonds 46,229.8 50,593.6
Deposits under reinsurance business accepted 664.7 608.5
Other loans and receivables 21,348.8 20,530.5
Mortgage loans 8,766.1 8,703.4
Policy loans 3,297.5 3,263.8
Term deposits with credit institutions 7,509.4 4,349.8
Other loans 1,775.7 4,213.4
Receivables from banks or customers 8,847.1 7,476.4
Receivables from banks 2,563.2 2,604.2
Receivables from customers 6,283.9 4,872.2
Total 77,090.3 79,208.9

This category accounts for 22.2% of total investments. It mainly consisted of unquoted bonds and mortgage loans, which represent 60% and 11% of total loans, respectively. More than 90% of bonds category was made up by fixed income long-term bond instruments.

The fair value of total loans amounted to € 69,946.9 million, of which € 47,507.9 million related to bonds. Receivables from banks or customers are mainly short-term.