**Exhibit 8.1**

----

Significant subsidiaries of    the Registrant as of December 31, 2003

| % of equity capital held   |   |                    | Company name                                           |   | Domicile                  |   | Currency |   | Capital in m | ** ** |
|----------------------------|--------|-------------------------|--------------------------------------------------------|--------|---------------------------|--------|----------|--------|--------------|------------|
|                            |        |                         |                                                        |        |                           |        |          |        |              |       |
| **Credit Suisse    Group** |   | **Zurich, Switzerland** |                                                   |   |                      |   |     |
|                       | 100    |                    | Credit Suisse                                          |   | Zurich, Switzerland       |   | CHF      |   | 3,114.7      |       |
|                       | 100    |                    | Credit Suisse First Boston                             |   | Zurich, Switzerland       |   | CHF      |   | 4,399.7      |       |
|                       | 100    |                    | "Winterthur" Swiss        Insurance Company  |   | Winterthur, Switzerland   |   | CHF      |   | 260.0        |       |
|                       | 99     |                    | Neue Aargauer Bank                                     |   | Aarau, Switzerland        |   | CHF      |   | 136.9        |       |
|                       | 100    |                    | Bank Leu AG                                            |   | Zurich, Switzerland       |   | CHF      |   | 200.0        |       |
|                       | 100    | 1)                      | Bank Hofmann AG                                        |   | Zurich, Switzerland       |   | CHF      |   | 30.0         |       |
|                       | 88     |                    | Clariden Holding AG                                    |   | Zurich, Switzerland       |   | CHF      |   | 8.1          |       |
|                       | 100    |                    | BGP Banca di Gestione Patrimoniale        S.A.         |   | Lugano, Switzerland       |   | CHF      |   | 50.0         |       |
|                       | 100    |                    | Credit Suisse Fides                                    |   | Zurich, Switzerland       |   | CHF      |   | 5.0          |       |
|                       | 100    |                    | Credit Suisse Trust AG                                 |   | Zurich, Switzerland       |   | CHF      |   | 5.0          |       |
|                       | 100    |                    | Credit Suisse Trust Holdings        Ltd.               |   | St. Peter Port, Guernsey  |   | GBP      |   | 2.0          |       |
|                       | 100    |                    | Credit Suisse IT Assets        AG                      |   | Zurich, Switzerland       |   | CHF      |   | 2.4          |       |
|                       | 100    |                    | Fides Information Services                             |   | Zurich, Switzerland       |   | CHF      |   | 1.0          |       |
|                       | 100    |                    | Credit Suisse Group Finance        (Guernsey) Ltd.     |   | St. Peter Port, Guernsey  |   | CHF      |   | 0.0          |       |
|                       | 100    |                    | Credit Suisse Group Capital        (Guernsey) II Ltd.  |   | St. Peter Port, Guernsey  |   | EUR      |   | 0.0          |       |
|                       | 100    |                    | Credit Suisse Group Capital        (Guernsey) III Ltd. |   | St. Peter Port, Guernsey  |   | GBP      |   | 0.0          |       |
|                       | 100    |                    | Credit Suisse Group Capital        (Guernsey) IV Ltd.  |   | St. Peter Port, Guernsey  |   | CHF      |   | 0.0          |       |
|                       | 100    |                    | Credit Suisse Group Capital        (Guernsey) V Ltd.   |   | St. Peter Port, Guernsey  |   | EUR      |   | 0.0          |       |
|                       | 100    |                    | Credit Suisse Group Capital        (Guernsey) VI Ltd.  |   | St. Peter Port, Guernsey  |   | JPY      |   | 0.0          |       |
|                       | 100    |                    | Credit Suisse Group Capital        (Guernsey) VII Ltd. |   | St. Peter Port, Guernsey  |   | JPY      |   | 0.0          |       |
|                       | 100    |                    | Credit Suisse Group Finance        (U.S.) Inc.         |   | Wilmington, United States |   | USD      |   | 600.0        |       |
|                       | 100    |                    | Credit Suisse Group Finance        (Luxembourg) S.A.   |   | Luxembourg, Luxembourg    |   | EUR      |   | 0.1          |       |
|                       | 100    |                    | CSFB LP Holding                                        |   | Zug, Switzerland          |   | CHF      |   | 0.1          |       |
|                       | 100    |                    | CSFB IGP                                               |   | Zug, Switzerland          |   | CHF      |   | 0.1          |       |
|                       | 100    |                    | Credit Suisse Group PE        Holding AG               |   | Zug, Switzerland          |   | CHF      |   | 12.0         |       |
|                       | 100    | 2)                      | Credit Suisse First Boston        International        |   | London, United Kingdom    |   | USD      |   | 682.3        |       |
|                       | 100    | 3)                      | Credit Suisse (Luxembourg)        S.A.                 |   | Luxembourg, Luxembourg    |   | CHF      |   | 43.0         |       |
|                       | 88     |                    | Hotel Savoy Baur en Ville                              |   | Zurich, Switzerland       |   | CHF      |   | 7.5          |       |
|                       | 100    |                    | Wincasa                                                |   | Winterthur, Switzerland   |   | CHF      |   | 1.5          |       |
|                            | 100    |                    | Inreska Ltd.                                           |   | St. Peter Port, Guernsey  |   | GBP      |   | 3.0          |       |
|                            |        |                         |                                                        |        |                           |        |          |        |              |       |

| 1) | 33.33% held        by Credit Suisse.                                      |
|----|---------------------------------------------------------------------------|
| 2) | 80.00% held        directly and indirectly by Credit Suisse First Boston. |
| 3) | 58.19% held        by Credit Suisse.                                      |

----

| % of equity capital          held |   |                             | Company name                                                  |   | Domicile                  |   | Currency |   | Capital in m | ** ** |
|-----------------------------------|--------|----------------------------------|---------------------------------------------------------------|--------|---------------------------|--------|----------|--------|--------------|------------|
|                                   |        |                                  |                                                               |        |                           |        |          |        |              |       |
| **Credit Suisse**                 |   | **Zurich,          Switzerland** |                                                          |   |                      |   |     |
|                              | 95     | 1)                               | City Bank                                                     |   | Zurich, Switzerland       |   | CHF      |   | 7.5          |       |
|                              | 100    |                             | Credit Suisse Fleetmanagement                                 |   | Zurich, Switzerland       |   | CHF      |   | 7.0          |       |
|                              | 96     |                             | Innoventure Capital AG                                        |   | Zurich, Switzerland       |   | CHF      |   | 10.0         |       |
|                              | 100    |                             | WECO Inkasso AG                                               |   | Zurich, Switzerland       |   | CHF      |   | 0.5          |       |
|                              | 100    |                             | Credit Suisse Private Advisors                                |   | Zurich, Switzerland       |   | CHF      |   | 15.0         |       |
|                              | 100    |                             | ABZ Finanz- und Beteiligungsgesellschaft        AG            |   | Zug, Switzerland          |   | CHF      |   | 4.0          |       |
|                              | 100    |                             | Credit Suisse (UK) Ltd.                                       |   | London, United Kingdom    |   | GBP      |   | 36.5         |       |
|                              | 100    |                             | Credit Suisse (Guernsey)        Ltd.                          |   | St. Peter Port, Guernsey  |   | GBP      |   | 4.0          |       |
|                              | 100    |                             | Credit Suisse (Gibraltar)        Ltd.                         |   | Marina Bay, Gibraltar     |   | GBP      |   | 5.0          |       |
|                              | 100    |                             | Credit Suisse (Bahamas)        Ltd.                           |   | Nassau, Bahamas           |   | USD      |   | 12.0         |       |
|                              | 99     |                             | Credit Suisse Hottinguer        S.A.                          |   | Paris, France             |   | EUR      |   | 52.9         |       |
|                              | 100    |                             | Credit Suisse (Deutschland)        Aktiengesellschaft         |   | Frankfurt, Germany        |   | EUR      |   | 60.0         |       |
|                              | 99     |                             | Credit Suisse (Italy) S.p.A.                                  |   | Milan, Italy              |   | EUR      |   | 69.7         |       |
|                              | 100    |                             | Credit Suisse Gestion S.G.I.I.C.,        S.A.                 |   | Madrid, Spain             |   | EUR      |   | 5.9          |       |
|                              | 100    |                             | Credit Suisse Asesoramiento        y Servicios, S.A.          |   | Madrid, Spain             |   | EUR      |   | 0.1          |       |
|                              | 100    |                             | Credit Suisse Investment        Consulting (Taiwan) Ltd.      |   | Taipei, Taiwan            |   | TWD      |   | 30.0         |       |
|                              | 100    |                             | Credit Suisse (Monaco)        S.A.M.                          |   | Monte Carlo, Monaco       |   | EUR      |   | 12.0         |       |
|                              | 100    |                             | Credit Suisse Securities        Ltd.                          |   | London, United Kingdom    |   | GBP      |   | 10.0         |       |
|                              | 100    |                             | Swiss American Corporation                                    |   | New York, United States   |   | USD      |   | 38.9         |       |
|                              | 100    |                             | JOHIM (Holdings) Ltd.                                         |   | London, United Kingdom    |   | GBP      |   | 0.0          |       |
|                              | 100    |                             | General de Valores y Cambios,        S.V.B., S.A. (GVC)       |   | Barcelona, Spain          |   | EUR      |   | 5.4          |       |
|                              | 100    |                             | Titval Product, S.L.                                          |   | Barcelona, Spain          |   | EUR      |   | 12.4         |       |
|                              | 100    |                             | Frye-Louis Capital Management        Holding Co., Inc.        |   | Wilmington, United States |   | USD      |   | 12.1         |       |
|                              | 60     | 2)                               | Swiss Egyptian Portfolio        Management                    |   | Cairo, Egypt              |   | EGP      |   | 6.0          |       |
|                              | 100    |                             | Credit Suisse International        Services Ltd.              |   | St. Peter Port, Guernsey  |   | USD      |   | 0.0          |       |
|                              | 100    |                             | Pearl Investment Management        Ltd.                       |   | Nassau, Bahamas           |   | CHF      |   | 0.1          |       |
|                              | 99     |                             | Credit Suisse Consultoría        de Investimentos Ltda |   | Sao Paolo, Brazil         |   | BRL      |   | 8.7          |       |
|                                   | 100    |                             | Credit Suisse (France)        Holding SA                      |   | Paris, France             |   | EUR      |   | 8.6          |       |
|                                   |        |                                  |                                                               |        |                           |        |          |        |              |       |

| 1) | 97 % voting        rights. |
|----|----------------------------|
| 2) | 75 % voting        rights. |

----

| % of equity capital          held       |   |                    | Company name                                                      |   | Domicile                           |   | Currency |   | Capital in m |   |
|-----------------------------------------|--------|-------------------------|-------------------------------------------------------------------|--------|------------------------------------|--------|----------|--------|--------------|--------|
|                                         |        |                         |                                                                   |        |                                    |        |          |        |              |   |
| **Credit Suisse First    Boston**  |   | **Zurich, Switzerland** |                                                              |   |                               |   |     |
|                                    | 100    |                    | AJP Cayman        Ltd.                                            |   | George Town,        Cayman Islands |   | USD      |   | 0.0          |   |
|                                    | 100    |                    | Banco de Investimentos        Credit Suisse First Boston SA       |   | Sao Paulo, Brazil                  |   | BRL      |   | 164.8        |   |
|                                    | 99     |                    | ZAO Bank Credit Suisse        First Boston                        |   | Moscow, Russia                     |   | USD      |   | 37.8         |   |
|                                    | 100    |                    | Credit Suisse First Boston        Australia Equities Ltd.         |   | Sydney, Australia                  |   | AUD      |   | 13.0         |   |
|                                    | 100    |                    | Credit Suisse First Boston        (Bahamas) Ltd.                  |   | Nassau, Bahamas                    |   | USD      |   | 16.9         |   |
|                                    | 100    |                    | Credit Suisse First Boston        (Cayman) Ltd.                   |   | George Town, Cayman Islands        |   | USD      |   | 0.0          |   |
|                                    | 100    |                    | Credit Suisse First Boston        (Cyprus) Ltd.                   |   | Limassol, Cyprus                   |   | USD      |   | 95.0         |   |
|                                    | 100    |                    | Credit Suisse First Boston        (Europe) Ltd.                   |   | London, United Kingdom             |   | USD      |   | 27.3         |   |
|                                    | 100    |                    | Credit Suisse First Boston        (Hong Kong) Ltd.                |   | Hong Kong, China                   |   | HKD      |   | 381.1        |   |
|                                    | 75     |                    | Credit Suisse First Boston        (India) Securities Private Ltd. |   | Mumbai, India                      |   | INR      |   | 979.8        |   |
|                                    | 100    |                    | Credit Suisse First Boston        (Singapore) Ltd.                |   | Singapore, Singapore               |   | SGD      |   | 163.7        |   |
|                                    | 100    |                    | Credit Suisse First Boston        (USA), Inc.                     |   | New York, United States            |   | USD      |   | 0.0          |   |
|                                    | 100    |                    | Credit Suisse First Boston        Australia Ltd.                  |   | Sydney, Australia                  |   | AUD      |   | 34.1         |   |
|                                    | 100    |                    | Credit Suisse First Boston        Australia Securities Ltd.       |   | Sydney, Australia                  |   | AUD      |   | 38.4         |   |
|                                    | 100    |                    | Credit Suisse First Boston        Canada Inc.                     |   | Toronto, Canada                    |   | CAD      |   | 157.3        |   |
|                                    | 100    |                    | Credit Suisse First Boston        Capital LLC                     |   | New York, United States            |   | USD      |   | 177.6        |   |
|                                    | 100    |                    | Credit Suisse First Boston        Capital (Guernsey) I Ltd.       |   | St. Peter Port, Guernsey           |   | USD      |   | 0.0          |   |
|                                    | 100    |                    | Credit Suisse First Boston        LLC                             |   | New York, United States            |   | USD      |   | 4,616.5      |   |
|                                    | 100    |                    | Credit Suisse First Boston        Equities Ltd.                   |   | London, United Kingdom             |   | GBP      |   | 15.0         |   |
|                                    | 100    |                    | Credit Suisse First Boston        Investments (Guernsey) Ltd.     |   | St. Peter Port, Guernsey           |   | USD      |   | 300.0        |   |
|                                    | 100    |                    | Credit Suisse First Boston        Management LLC                  |   | New York, United States            |   | USD      |   | 897.0        |   |
|                                    | 100    |                    | Credit Suisse First Boston        Securities (Japan) Ltd.         |   | Hong Kong, China                   |   | USD      |   | 645.0        |   |
|                                    | 100    |                    | Credit Suisse Asset Management        (Australia) Limited         |   | Sydney, Australia                  |   | AUD      |   | 0.3          |   |
|                                    | 100    |                    | Credit Suisse Asset Management        (Deutschland) GmbH          |   | Frankfurt, Germany                 |   | EUR      |   | 2.6          |   |
|                                    | 100    |                    | Credit Suisse Asset Management        (France) SA                 |   | Paris, France                      |   | EUR      |   | 60.2         |   |
|                                    | 100    |                    | Credit Suisse Asset Management        (UK) Holding Limited        |   | London, United Kingdom             |   | GBP      |   | 16.0         |   |
|                                    | 100    |                    | Credit Suisse Asset Management        Holding Corp.               |   | New York, United States            |   | USD      |   | 0.0          |   |
|                                    | 100    |                    | Credit Suisse Asset Management,        LLC                        |   | New York, United States            |   | USD      |   | 538.2        |   |
|                                    | 100    |                    | Credit Suisse Asset Management        Ltd.                        |   | London, United Kingdom             |   | GBP      |   | 0.0          |   |
|                                    | 100    |                    | Credit Suisse Asset Management        SIM S.p.A.                  |   | Milan, Italy                       |   | EUR      |   | 7.0          |   |
|                                    | 100    |                    | Credit Suisse Trust and        Banking Co., Ltd                   |   | Tokyo, Japan                       |   | JPY      |   | 9,000.0      |   |
|                                    | 100    |                    | Credit Suisse Asset Management        International Holding       |   | Zurich, Switzerland                |   | CHF      |   | 20.0         |   |
|                                    | 100    |                    | Credit Suisse First Boston        (International) Holding AG      |   | Zug, Switzerland                   |   | CHF      |   | 37.5         |   |
|                                    | 100    |                    | Credit Suisse First Boston        (Latam Holdings) LLC            |   | George Town, Cayman Islands        |   | USD      |   | 23.8         |   |
|                                    | 100    |                    | Credit Suisse First Boston        Australia (Finance) Ltd.        |   | Sydney, Australia                  |   | AUD      |   | 10.0         |   |
|                                    | 100    |                    | Credit Suisse First Boston        Australia (Holdings) Ltd.       |   | Sydney, Australia                  |   | AUD      |   | 42.0         |   |
|                                    | 100    |                    | Credit Suisse First Boston        Finance (Guernsey) Ltd.         |   | St. Peter Port, Guernsey           |   | USD      |   | 0.2          |   |
|                                    | 100    |                    | Credit Suisse First Boston        Finance BV                      |   | Amsterdam, The Netherlands         |   | EUR      |   | 0.0          |   |
|                                    | 100    |                    | Credit Suisse First Boston        International (Guernsey) Ltd.   |   | St. Peter Port, Guernsey           |   | USD      |   | 0.2          |   |
|                                    | 100    | 1)                      | Credit Suisse First Boston,        Inc.                           |   | New York, United States            |   | USD      |   | 187.1        |   |
|                                    | 100    |                    | Credit Suisse Asset Management        Funds                       |   | Zurich, Switzerland                |   | CHF      |   | 7.0          |   |
|                                    | 100    |                    | Credit Suisse Bond Fund        Management Company                 |   | Luxembourg, Luxembourg             |   | CHF      |   | 0.3          |   |
|                                    | 100    |                    | Credit Suisse Equity Fund        Management Company               |   | Luxembourg, Luxembourg             |   | CHF      |   | 0.3          |   |
|                                    | 100    |                    | Credit Suisse Money Market        Fund Management Company         |   | Luxembourg, Luxembourg             |   | CHF      |   | 0.3          |   |
|                                    | 100    |                    | Credit Suisse Portfolio        Fund Management Company            |   | Luxembourg, Luxembourg             |   | CHF      |   | 0.3          |   |
|                                    | 100    |                    | Column Financial, Inc.                                            |   | New York, United States            |   | USD      |   | 0.0          |   |
|                                    | 100    |                    | Column Guaranteed LLC                                             |   | New York, United States            |   | USD      |   | 34.8         |   |
|                                    | 100    |                    | Credit Suisse First Boston        Mortgage Capital LLC            |   | New York, United States            |   | USD      |   | 357.0        |   |
|                                    | 100    |                    | DLJ Mortgage Capital, Inc.                                        |   | New York, United States            |   | USD      |   | 0.0          |   |
|                                    | 100    |                         | GTN Global Properties Holding        Ltd.                         |   | Limassol, Cyprus                   |   | USD      |   | 0.0          |   |
|                                         |        |                         |                                                                   |        |                                    |        |          |        |              |   |

| 1) | 43% of voting        rights held by Credit Suisse Group. |
|----|----------------------------------------------------------|

----

| %          of equity capital held                     |   |                           | Company          name                                                                    |   | Domicile                    |   | Currency |   | Capital          in m |   |
|-------------------------------------------------------|--------|--------------------------------|------------------------------------------------------------------------------------------|--------|-----------------------------|--------|----------|--------|-----------------------|--------|
|                                                       |        |                                |                                                                                          |        |                             |        |          |        |                       |   |
| **"Winterthur" Swiss    Insurance Company** |   | **Winterthur,    Switzerland** |                                                                                     |   |                        |   |     |
|                                                  | 100    |                           | Wincare Zusatzversicherungen                                                             |   | Winterthur, Switzerland     |   | CHF      |   | 8.0                   |   |
|                                                  | 100    |                           | Winterthur Life                                                                          |   | Winterthur, Switzerland     |   | CHF      |   | 175.0                 |   |
|                                                  | 67     |                           | Winterthur-ARAG Rechtsschutzversicherungs-Gesellschaft                                   |   | Winterthur, Switzerland     |   | CHF      |   | 9.0                   |   |
|                                                  | 100    |                           | Credit Suisse Life & Pensions        AG                                              |   | Vaduz, Liechtenstein        |   | CHF      |   | 15.0                  |   |
|                                                  | 100    |                           | Winterthur Beteiligungsgesellschaft        mbH                                           |   | Wiesbaden, Germany          |   | EUR      |   | 0.3                   |   |
|                                                  | 100    |                           | WinCom Versicherungs-Holding        AG                                                   |   | Wiesbaden, Germany          |   | EUR      |   | 52.5                  |   |
|                                                  | 71     |                           | DBV-Winterthur Holding        AG                                                         |   | Wiesbaden, Germany          |   | EUR      |   | 87.2                  |   |
|                                                  | 100    |                           | Credit Suisse Leasing Deutschland        GmbH                                            |   | Wiesbaden, Germany          |   | EUR      |   | 0.0                   |   |
|                                                  | 100    |                           | DBV-Winterthur Krankenversicherung        AG                                             |   | Wiesbaden, Germany          |   | EUR      |   | 29.6                  |   |
|                                                  | 100    |                           | DBV-Winterthur Lebensversicherung        AG                                              |   | Wiesbaden, Germany          |   | EUR      |   | 40.1                  |   |
|                                                  | 100    |                           | DBV-Winterthur Versicherung        AG                                                    |   | Wiesbaden, Germany          |   | EUR      |   | 41.6                  |   |
|                                                  | 100    |                           | Medvantis Holding AG                                                                     |   | Wiesbaden, Germany          |   | EUR      |   | 6.2                   |   |
|                                                  | 100    |                           | Winterthur Insurance Health        Accident Management                                   |   | Wiesbaden, Germany          |   | EUR      |   | 0.1                   |   |
|                                                  | 100    |                           | Hispanowin S.A.                                                                          |   | Barcelona, Spain            |   | EUR      |   | 97.8                  |   |
|                                                  | 100    |                           | Winterthur Inmuebles 2        S.A. Barcelona                                             |   | Barcelona, Spain            |   | EUR      |   | 55.9                  |   |
|                                                  | 100    |                           | Winterthur Seguros Generales,        S.A. de Seguros y Reaseguros                        |   | Barcelona, Spain            |   | EUR      |   | 48.7                  |   |
|                                                  | 100    |                           | Winterthur Inmuebles S.A.                                                                |   | Barcelona, Spain            |   | EUR      |   | 56.8                  |   |
|                                                  | 100    |                           | Winterthur Ibérica        A.E.I.E.                                                |   | Barcelona, Spain            |   | EUR      |   | 26.6                  |   |
|                                                  | 100    |                           | Winterthur Vida Sociedad        Anónima de Seguros y Reaseguros sobre la Vida       |   | Barcelona, Spain            |   | EUR      |   | 53.0                  |   |
|                                                  | 100    |                           | WINVALOR Agencia de Valores                                                              |   | Barcelona, Spain            |   | EUR      |   | 0.9                   |   |
|                                                  | 100    |                           | Winterthur Salud, SA de        Seguros                                                   |   | Barcelona, Spain            |   | EUR      |   | 6.9                   |   |
|                                                  | 100    |                           | Winterthur Pensiones, S.A.        Entidad Gestora de Fondos de Pensiones                 |   | Barcelona, Spain            |   | EUR      |   | 9.0                   |   |
|                                                  | 100    |                           | WebinsurancePartners S.L.                                                                |   | Barcelona, Spain            |   | EUR      |   | 0.1                   |   |
|                                                  | 96     |                           | Winterthur-Europe Assurances                                                             |   | Brussels, Begium            |   | EUR      |   | 200.0                 |   |
|                                                  | 100    |                           | Les Assureurs Réunis                                                              |   | Brussels, Begium            |   | EUR      |   | 4.2                   |   |
|                                                  | 100    |                           | Touring Assurances SA                                                                    |   | Brussels, Begium            |   | EUR      |   | 9.2                   |   |
|                                                  | 100    |                           | I.S.C.C. International        Service Call Centre, Bruxelles                             |   | Brussels, Begium            |   | EUR      |   | 3.6                   |   |
|                                                  | 60     |                           | Jean Verheyen S.A.                                                                       |   | Brussels, Begium            |   | EUR      |   | 0.1                   |   |
|                                                  | 100    |                           | Credit Suisse Life & Pensions        (Luxembourg) S.A.                               |   | Luxembourg, Luxembourg      |   | EUR      |   | 12.8                  |   |
|                                                  | 100    |                           | Winterthur-Europe Vie S.A.                                                               |   | Luxembourg, Luxembourg      |   | EUR      |   | 8.7                   |   |
|                                                  | 100    |                           | Winterthur (UK) Holdings        Ltd.                                                     |   | London, United Kingdom      |   | GBP      |   | 200.0                 |   |
|                                                  | 100    |                           | Winterthur UK Financial        Services Group Ltd.                                       |   | Basingstoke, United Kingdom |   | GBP      |   | 0.0                   |   |
|                                                  | 100    |                           | Winterthur Life UK Holdings        Ltd.                                                  |   | Basingstoke, United Kingdom |   | GBP      |   | 108.0                 |   |
|                                                  | 100    |                           | Winterthur Life UK Ltd.                                                                  |   | Basingstoke, United Kingdom |   | GBP      |   | 80.4                  |   |
|                                                  | 100    |                           | Capital.e Limited                                                                        |   | St. Peter Port, Guernsey    |   | CHF      |   | 4.4                   |   |
|                                                  | 100    |                           | Vitur PCC Ltd                                                                            |   | St. Peter Port, Guernsey    |   | CHF      |   | 115.0                 |   |
|                                                  | 99     |                           | Win Alternative Investment        Fund                                                   |   | St. Peter Port, Guernsey    |   | USD      |   | 31.6                  |   |
|                                                  | 100    |                           | Credit Suisse Life & Pensions        Management GmbH                                 |   | Vienna, Austria             |   | EUR      |   | 0.0                   |   |
|                                                  | 100    |                           | Rhodia Assurances                                                                        |   | Lyon, France                |   | EUR      |   | 13.0                  |   |
|                                                  | 65     |                           | Credit Suisse Life & Pensions        Pojistovna A.S.                                 |   | Prague, Czech Republic      |   | CZK      |   | 374.0                 |   |
|                                                  | 80     |                           | Credit Suisse Life & Pensions        Penzijni Fond, A.S.                             |   | Prague, Czech Republic      |   | CZK      |   | 142.2                 |   |
|                                                  | 100    |                           | Credit Suisse Life & Pensions        Poistovna, a.s.                                 |   | Bratislava, Slovak Republic |   | SKK      |   | 135.0                 |   |
|                                                  | 51     |                           | Credit Suisse Life & Pensions        Slovensko                                       |   | Bratislava, Slovak Republic |   | SKK      |   | 473.0                 |   |
|                                                  | 65     |                           | Credit Suisse Life & Pensions        Pénztárszolgátató Rt. |   | Budapest, Hungary           |   | HUF      |   | 701.0                 |   |
|                                                  | 65     |                           | Credit Suisse Life & Pensions        Biztosító Rt.                       |   | Budapest, Hungary           |   | HUF      |   | 3,604.0               |   |
|                                                  | 100    |                           | Towarzystwo Ubezpieczeniowe        Winterthur S.A.                                       |   | Warsaw, Poland              |   | PLN      |   | 40.0                  |   |
|                                                  | 65     |                           | Credit Suisse Life & Pensions        Towarzystwo Ubezpieczen na Zycie SA             |   | Warsaw, Poland              |   | PLN      |   | 135.0                 |   |
|                                                  | 70     |                           | Credit Suisse Life & Pensions        Powszechne Towarzystwo Emerytalne S.A.          |   | Warsaw, Poland              |   | PLN      |   | 105.0                 |   |
|                                                  | 100    |                           | Winterthur U.S. Holdings        Inc.                                                     |   | Wilmington, United States   |   | USD      |   | 0.0                   |   |
|                                                  | 100    |                           | General Casualty Company        of Wisconsin                                             |   | Sun Prairie, United States  |   | USD      |   | 3.0                   |   |
|                                                  | 100    |                           | Southern Guaranty Insurance        Company                                               |   | Montgomery, United States   |   | USD      |   | 2.0                   |   |
|                                                  | 100    |                           | Unigard Incorporated                                                                     |   | Bellevue, United States     |   | USD      |   | 22.1                  |   |
|                                                  | 100    |                           | Winterthur Canada Financial        Corp.                                                 |   | Toronto, Canada             |   | CAD      |   | 0.0                   |   |
|                                                  | 100    |                           | The Citadel General                                                                      |   | Toronto, Canada             |   | CAD      |   | 36.4                  |   |
|                                                  | 100    |                           | L'Unique                                                                                 |   | Québec City, Canada  |   | CAD      |   | 7.0                   |   |
|                                                  | 100    |                           | Winterthur Holdings Australia        Ltd.                                                |   | Sydney, Australia           |   | AUD      |   | 23.2                  |   |
|                                                  | 52     |                           | Winterthur Insurance (Asia)        Ltd.                                                  |   | Hong Kong, China            |   | HKD      |   | 176.6                 |   |
|                                                  | 100    |                           | Winterthur Insurance Services        Asia Ltd.                                           |   | Hong Kong, China            |   | HKD      |   | 38.8                  |   |
|                                                  | 60     |                           | PT Credit Suisse Life & Pensions        Indonesia                                    |   | Jakarta, Indonesia          |   | IDR      |   | 44,500.0              |   |
|                                                  | 100    |                           | Credit Suisse Life Insurance        Co. Ltd.                                             |   | Tokyo, Japan                |   | JPY      |   | 18,860.0              |   |
|                                                  | 100    |                           | Credit Suisse Life & Pensions        (Bermuda) Ltd.                                  |   | Hamilton, Bermuda           |   | USD      |   | 0.3                   |   |
|                                                  | 100    |                           | Harrington International        Insurance Ltd. (Bermuda)                                 |   | Hamilton, Bermuda           |   | USD      |   | 70.0                  |   |
|                                                  | 100    |                           | Winterthur Atlantic Ltd.                                                                 |   | Hamilton, Bermuda           |   | GBP      |   | 0.1                   |   |
|                                                  | 100    |                           | Winterthur Capital Ltd.                                                                  |   | Hamilton, Bermuda           |   | EUR      |   | 0.0                   |   |
|                                                  | 100    |                           | Winterthur Integra Ltd.                                                                  |   | Hamilton, Bermuda           |   | USD      |   | 0.1                   |   |
|                                                  | 100    |                           | Winterthur Swiss Insurance        (Macau) Ltd.                                           |   | Macau, Macau                |   | HKD      |   | 20.0                  |   |
|                                                  | 82     |                           | Winterthur Alternative        Investment Strategies                                      |   | George Town, Cayman Islands |   | USD      |   | 160.0                 |   |
|                                                  | 100    |                           | SRS Holdings Ltd.                                                                        |   | George Town, Cayman Islands |   | USD      |   | 54.7                  |   |

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