Other investments (Tables)
 12 Months Ended
Dec. 31, 2021
Other investments
end of 2021 2020
Other investments (CHF million)   
Equity method investments 1,644 2,631
Equity securities (without a readily determinable fair value) 1 3,317 1,779
   of which at net asset value  54 113
   of which at measurement alternative  347 359
   of which at fair value  2,869 1,278
   of which at cost less impairment  47 29
Real estate held-for-investment 2 76 82
Life finance instruments 3 789 920
Total other investments  5,826 5,412
1
Includes private equity, hedge funds and restricted stock investments as well as certain investments in non-marketable mutual funds for which the Group has neither significant influence nor control over the investee.
2
As of the end of 2021 and 2020, real estate held for investment included foreclosed or repossessed real estate of CHF 9 million and CHF 16 million, respectively, of which CHF 6 million and CHF 13 million, respectively, were related to residential real estate.
3
Includes single premium immediate annuity contracts.
Impairments and adjustments on equity securities at measurement alternative
Equity securities at measurement alternative
in / end of 2021 Cumulative 2020
Impairments and adjustments (CHF million)   
Impairments and downward adjustments (17) (42) (17)
Upward adjustments 1 138 137
Bank  
Other investments
end of 2021 2020
Other investments (CHF million)   
Equity method investments 1,636 2,624
Equity securities (without a readily determinable fair value) 1 3,315 1,776
   of which at net asset value  53 111
   of which at measurement alternative  345 357
   of which at fair value  2,869 1,278
   of which at cost less impairment  48 30
Real estate held-for-investment 2 48 59
Life finance instruments 3 789 920
Total other investments  5,788 5,379
1
Includes private equity, hedge funds and restricted stock investments as well as certain investments in non-marketable mutual funds for which the Bank has neither significant influence nor control over the investee.
2
As of the end of 2021 and 2020, real estate held for investment included foreclosed or repossessed real estate of CHF 9 million and CHF 16 million, respectively, of which CHF 6 million and CHF 13 million, respectively, were related to residential real estate.
3
Includes single premium immediate annuity contracts.
Impairments and adjustments on equity securities at measurement alternative
Equity securities at measurement alternative
in / end of 2021 Cumulative 2020
Impairments and adjustments (CHF million)   
Impairments and downward adjustments (17) (42) (17)
Upward adjustments 1 138 137