Income Taxes (Tables)

9 Months Ended

Sep. 30, 2014

Income Tax Disclosure [Abstract]

Effective Tax Rate Reconciliation

Effective Tax Rate Reconciliation

	Third Quarter						Nine Months
	2014			2013			2014			2013
	(in millions)
Expected tax provision (benefit) at statutory rates in taxable jurisdictions	$	145		$	165		$	255		$	241
Tax-exempt interest	(15		)	(14		)	(43		)	(43		)
Change in liability for uncertain tax positions	6			4			7			(3		)
Other	(3		)	(3		)	0			(1		)
Total provision (benefit) for income taxes	$	133		$	152		$	219		$	194
Effective tax rate	27.3		%	28.2		%	28.3		%	29.7		%

Pretax Income (Loss) by Tax Jurisdiction

Pretax Income (Loss) by Tax Jurisdiction

	Third Quarter					Nine Months
	2014			2013		2014			2013
	(in millions)
United States	$	419		$	469	$	741		$	688
Bermuda	76			67		57			(35		)
U.K.	(7		)	0		(23		)	0
Total	$	488		$	536	$	775		$	653

Revenue by Tax Jurisdiction

Revenue by Tax Jurisdiction

	Third Quarter					Nine Months
	2014			2013		2014			2013
	(in millions)
United States	$	420		$	548	$	908		$	846
Bermuda	106			122		168			113
U.K.	(1		)	0		(3		)	0
Total	$	525		$	670	$	1,073		$	959