Income Taxes (Tables)

9 Months Ended

Sep. 30, 2015

Income Tax Disclosure [Abstract]

Effective Tax Rate Reconciliation

Effective Tax Rate Reconciliation

	Third Quarter						Nine Months
	2015			2014			2015			2014
	(in millions)
Expected tax provision (benefit) at statutory rates in taxable jurisdictions	$	56		$	145		$	276		$	255
Tax-exempt interest	(14		)	(15		)	(41		)	(43		)
Gain on bargain purchase	—			—			(19		)	—
Change in liability for uncertain tax positions	10			6			12			7
Other	(9		)	(3		)	(8		)	0
Total provision (benefit) for income taxes	$	43		$	133		$	220		$	219
Effective tax rate	25.0		%	27.3		%	26.0		%	28.3		%

Pretax Income (Loss) by Tax Jurisdiction

Pretax Income (Loss) by Tax Jurisdiction

	Third Quarter						Nine Months
	2015			2014			2015			2014
	(in millions)
United States	$	166		$	419		$	803		$	741
Bermuda	12			76			67			57
U.K.	(6		)	(7		)	(23		)	(23		)
Total	$	172		$	488		$	847		$	775

Revenue by Tax Jurisdiction

Revenue by Tax Jurisdiction

	Third Quarter						Nine Months
	2015			2014			2015			2014
	(in millions)
United States	$	311		$	420		$	1,229		$	908
Bermuda	58			106			209			168
U.K.	(1		)	(1		)	(6		)	(3		)
Total	$	368		$	525		$	1,432		$	1,073