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Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2013
Related Party Transactions  
Schedule of notes due to related parties

 

 

($ in millions)

 

2013

 

2012

6.35% Note, due 2018, to AIC

$

$

7

5.75% Note, due 2018, to AIC

 

-- 

 

4

5.75% Note, due 2018, to AIC

 

-- 

 

10

7.00% Surplus Note, due 2028, to AIC (1)

 

-- 

 

200

6.74% Surplus Note, due 2029, to Kennett (1)

 

25 

 

25

5.06% Surplus Note, due 2035, to Kennett (1)

 

100 

 

100

6.18% Surplus Note, due 2036, to Kennett (1)

 

100 

 

100

5.93% Surplus Note, due 2038, to Kennett (1)

 

50 

 

50

     Total notes due to related parties

$

282 

$

496

 

 

(1) No payment of principal or interest is permitted on the surplus notes without the written approval from the proper regulatory authority.  The regulatory authority could prohibit the payment of interest and principal on the surplus notes if certain statutory capital requirements are not met.  Permission to pay interest on the surplus notes was granted in both 2013 and 2012.