D _ Consolidated Financial Statements Taxable temporary differences associated with investments in Allianz Group companies for which no deferred tax liabilities are recognized, as the Allianz Group is able to control the timing of their reversal, and which will not reverse in the foreseeable future, amounted to € 1,966 mn (2020: € 1,866 mn). Deductible temporary differences arising from investments in Allianz Group companies for which no deferred tax assets are recognized, as it is not probable that they will reverse in the foreseeable future, amounted to € 438 mn (2020: € 41 mn). Tax losses carried forward at 31 December 2021 of € 6,284 mn (2020: € 6,417 mn) resulted in the recognition of deferred tax assets to the extent that there is sufficient certainty that the unused tax losses will be utilized. At the reporting date, this prerequisite was considered not fulfilled for a partial amount of € 2,895 mn (2020: € 2,755 mn). According to tax legislation as of 31 December 2021, an amount of € 2,620 mn (2020: € 2,484 mn) of these tax losses may be carried forward indefinitely, whereas an amount of € 275 mn (2020: € 271 mn) of these tax losses carried forward will expire over the next 20 years if not utilized. Tax losses carried forward are scheduled according to their expiry periods as follows: Tax losses carried forward € mn 2021 2022 24 2023-2024 24 2025-2026 44 2027-2031 495 >10 years 1,118 Unlimited 4,578 Total 6,284 Annual Report 2021 − Allianz Group 165