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Income Taxes (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Mar. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Pretax Income and Revenue by Tax Jurisdiction                        
Net tax benefit due to amended tax return                       $ 56
Net tax benefit due to amended tax return portion related to change in liability for uncertain tax positions                       9
Income (loss) before provision for income taxes 95 179 554 (696) (148) 1,055 (91) 213 132   1,029 534
Revenue                 973   1,819 1,313
Effective Tax Rate Reconciliation                        
Expected tax provision (benefit) at statutory rates in taxable jurisdictions                 76   313 173
Tax-exempt interest                 (61)   (62) (61)
True-up from tax return filings(1)                 0 [1]   (3) [1] (52) [1]
Change in liability for uncertain tax positions                 2   2 (5)
Change in valuation allowance                 0   0 (7)
Other                 5   6 2
Total provision (benefit) for income taxes 21 37 177 (213) (64) 294 (48) 74 22   256 50
Effective tax rate (as a percent)                 16.50%   24.90% 9.40%
Effective income tax rate reconciliation US income tax rate (as a percent)                 35.00%      
U.K. marginal corporate tax rate (as a percent) 24.00%             28.00% 24.50% 26.00% 26.50%  
United States
                       
Pretax Income and Revenue by Tax Jurisdiction                        
Income (loss) before provision for income taxes                 218   896 496
Revenue                 894   1,518 1,094
Bermuda
                       
Pretax Income and Revenue by Tax Jurisdiction                        
Income (loss) before provision for income taxes                 (86)   133 38
Revenue                 79   301 219
UK
                       
Pretax Income and Revenue by Tax Jurisdiction                        
Income (loss) before provision for income taxes                 0   0 0
Revenue                 $ 0   $ 0 $ 0
[1] For the year ended December 31, 2010, the Company recorded a $56 million tax benefit related to an amended return for a period prior to the AGMH Acquisition, $9 million was related to a change in liability for uncertain tax positions.