XML 85 R74.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value Measurement - Financial Instruments Carried at Fair Value (Details) - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Assets:    
Fixed-maturity securities $ 10,545 $ 11,023
Other invested assets 170 169
Credit derivative assets 36 81
Liabilities:    
Credit derivative liabilities 432 446
Investment funds, fair value 46 45
Recurring [Member]    
Assets:    
Other invested assets [1] 13 12
Credit derivative assets 36 81
FG VIEs’ assets, at fair value 814 1,261
Other assets 84 106
Total assets carried at fair value 11,492 12,483
Liabilities:    
Credit derivative liabilities 432 446
FG VIEs’ liabilities with recourse, at fair value 790 1,225
FG VIEs’ liabilities without recourse, at fair value 115 124
Total liabilities carried at fair value 1,337 1,795
Recurring [Member] | Level 1 [Member]    
Assets:    
Other invested assets [1] 0 0
Credit derivative assets 0 0
FG VIEs’ assets, at fair value 0 0
Other assets 22 23
Total assets carried at fair value 543 328
Liabilities:    
Credit derivative liabilities 0 0
FG VIEs’ liabilities with recourse, at fair value 0 0
FG VIEs’ liabilities without recourse, at fair value 0 0
Total liabilities carried at fair value 0 0
Recurring [Member] | Level 2 [Member]    
Assets:    
Other invested assets [1] 6 5
Credit derivative assets 0 0
FG VIEs’ assets, at fair value 0 0
Other assets 27 21
Total assets carried at fair value 9,045 9,600
Liabilities:    
Credit derivative liabilities 0 0
FG VIEs’ liabilities with recourse, at fair value 0 0
FG VIEs’ liabilities without recourse, at fair value 0 0
Total liabilities carried at fair value 0 0
Recurring [Member] | Level 3 [Member]    
Assets:    
Other invested assets [1] 7 7
Credit derivative assets 36 81
FG VIEs’ assets, at fair value 814 1,261
Other assets 35 62
Total assets carried at fair value 1,904 2,555
Liabilities:    
Credit derivative liabilities 432 446
FG VIEs’ liabilities with recourse, at fair value 790 1,225
FG VIEs’ liabilities without recourse, at fair value 115 124
Total liabilities carried at fair value 1,337 1,795
Fixed Maturities [Member]    
Assets:    
Fixed-maturity securities 9,960 10,627
Fixed Maturities [Member] | Obligations of state and political subdivisions [Member]    
Assets:    
Fixed-maturity securities 5,603 5,841
Fixed Maturities [Member] | US government and agencies [Member]    
Assets:    
Fixed-maturity securities 326 400
Fixed Maturities [Member] | Corporate securities [Member]    
Assets:    
Fixed-maturity securities 1,443 1,520
Fixed Maturities [Member] | RMBS [Member]    
Assets:    
Fixed-maturity securities [2] 1,062 1,245
Fixed Maturities [Member] | CMBS [Member]    
Assets:    
Fixed-maturity securities [2] 539 513
Fixed Maturities [Member] | Asset-backed Securities [Member]    
Assets:    
Fixed-maturity securities 730 825
Fixed Maturities [Member] | Foreign government securities [Member]    
Assets:    
Fixed-maturity securities 257 283
Fixed Maturities [Member] | Recurring [Member]    
Assets:    
Fixed-maturity securities 9,960 10,627
Fixed Maturities [Member] | Recurring [Member] | Obligations of state and political subdivisions [Member]    
Assets:    
Fixed-maturity securities 5,603 5,841
Fixed Maturities [Member] | Recurring [Member] | US government and agencies [Member]    
Assets:    
Fixed-maturity securities 326 400
Fixed Maturities [Member] | Recurring [Member] | Corporate securities [Member]    
Assets:    
Fixed-maturity securities 1,443 1,520
Fixed Maturities [Member] | Recurring [Member] | RMBS [Member]    
Assets:    
Fixed-maturity securities 1,062 1,245
Fixed Maturities [Member] | Recurring [Member] | CMBS [Member]    
Assets:    
Fixed-maturity securities 539 513
Fixed Maturities [Member] | Recurring [Member] | Asset-backed Securities [Member]    
Assets:    
Fixed-maturity securities 730 825
Fixed Maturities [Member] | Recurring [Member] | Foreign government securities [Member]    
Assets:    
Fixed-maturity securities 257 283
Fixed Maturities [Member] | Recurring [Member] | Level 1 [Member]    
Assets:    
Fixed-maturity securities 0 0
Fixed Maturities [Member] | Recurring [Member] | Level 1 [Member] | Obligations of state and political subdivisions [Member]    
Assets:    
Fixed-maturity securities 0 0
Fixed Maturities [Member] | Recurring [Member] | Level 1 [Member] | US government and agencies [Member]    
Assets:    
Fixed-maturity securities 0 0
Fixed Maturities [Member] | Recurring [Member] | Level 1 [Member] | Corporate securities [Member]    
Assets:    
Fixed-maturity securities 0 0
Fixed Maturities [Member] | Recurring [Member] | Level 1 [Member] | RMBS [Member]    
Assets:    
Fixed-maturity securities 0 0
Fixed Maturities [Member] | Recurring [Member] | Level 1 [Member] | CMBS [Member]    
Assets:    
Fixed-maturity securities 0 0
Fixed Maturities [Member] | Recurring [Member] | Level 1 [Member] | Asset-backed Securities [Member]    
Assets:    
Fixed-maturity securities 0 0
Fixed Maturities [Member] | Recurring [Member] | Level 1 [Member] | Foreign government securities [Member]    
Assets:    
Fixed-maturity securities 0 0
Fixed Maturities [Member] | Recurring [Member] | Level 2 [Member]    
Assets:    
Fixed-maturity securities 8,948 9,543
Fixed Maturities [Member] | Recurring [Member] | Level 2 [Member] | Obligations of state and political subdivisions [Member]    
Assets:    
Fixed-maturity securities 5,562 5,833
Fixed Maturities [Member] | Recurring [Member] | Level 2 [Member] | US government and agencies [Member]    
Assets:    
Fixed-maturity securities 326 400
Fixed Maturities [Member] | Recurring [Member] | Level 2 [Member] | Corporate securities [Member]    
Assets:    
Fixed-maturity securities 1,385 1,449
Fixed Maturities [Member] | Recurring [Member] | Level 2 [Member] | RMBS [Member]    
Assets:    
Fixed-maturity securities 713 897
Fixed Maturities [Member] | Recurring [Member] | Level 2 [Member] | CMBS [Member]    
Assets:    
Fixed-maturity securities 539 513
Fixed Maturities [Member] | Recurring [Member] | Level 2 [Member] | Asset-backed Securities [Member]    
Assets:    
Fixed-maturity securities 166 168
Fixed Maturities [Member] | Recurring [Member] | Level 2 [Member] | Foreign government securities [Member]    
Assets:    
Fixed-maturity securities 257 283
Fixed Maturities [Member] | Recurring [Member] | Level 3 [Member]    
Assets:    
Fixed-maturity securities 1,012 1,084
Fixed Maturities [Member] | Recurring [Member] | Level 3 [Member] | Obligations of state and political subdivisions [Member]    
Assets:    
Fixed-maturity securities 41 8
Fixed Maturities [Member] | Recurring [Member] | Level 3 [Member] | US government and agencies [Member]    
Assets:    
Fixed-maturity securities 0 0
Fixed Maturities [Member] | Recurring [Member] | Level 3 [Member] | Corporate securities [Member]    
Assets:    
Fixed-maturity securities 58 71
Fixed Maturities [Member] | Recurring [Member] | Level 3 [Member] | RMBS [Member]    
Assets:    
Fixed-maturity securities 349 348
Fixed Maturities [Member] | Recurring [Member] | Level 3 [Member] | CMBS [Member]    
Assets:    
Fixed-maturity securities 0 0
Fixed Maturities [Member] | Recurring [Member] | Level 3 [Member] | Asset-backed Securities [Member]    
Assets:    
Fixed-maturity securities 564 657
Fixed Maturities [Member] | Recurring [Member] | Level 3 [Member] | Foreign government securities [Member]    
Assets:    
Fixed-maturity securities 0 0
Short-term Investments [Member]    
Assets:    
Fixed-maturity securities 585 396
Short-term Investments [Member] | Recurring [Member]    
Assets:    
Fixed-maturity securities 585 396
Short-term Investments [Member] | Recurring [Member] | Level 1 [Member]    
Assets:    
Fixed-maturity securities 521 305
Short-term Investments [Member] | Recurring [Member] | Level 2 [Member]    
Assets:    
Fixed-maturity securities 64 31
Short-term Investments [Member] | Recurring [Member] | Level 3 [Member]    
Assets:    
Fixed-maturity securities $ 0 $ 60
[1] Excluded from the table above are investments funds of $46 million and $45 million as of June 30, 2016 and December 31, 2015, respectively, measured using NAV per share. Includes Level 3 mortgage loans that are recorded at fair value on a non-recurring basis.
[2] Government-agency obligations were approximately 47% of mortgage backed securities as of June 30, 2016 and 54% as of December 31, 2015 based on fair value.