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Commitments, contingencies, and guarantees (Tables)
 12 Months Ended
Dec. 31, 2012
Commitments and Contingencies Disclosure [Abstract]  
Balance Sheet Locations, Fair Values In An Asset Or (Liability) Position, And Notional Values/Payment Provisions Of Derivative Instruments
 
 
 
December 31
 
 
December 31
 
 
 
 
 

2012

 
2011
 
(in millions of U.S. dollars)
Consolidated
Balance Sheet
Location
 
Fair Value

 
Notional
Value/
Payment
Provision

 
Fair Value

 
Notional
Value/
Payment
Provision

Investment and embedded derivative instruments
 
 
 
 
 
 
 
 
 
Foreign currency forward contracts
AP
 
$
—

 
$
620

 
$
7

 
$
674

Cross-currency swaps
AP
 
—

 
50

 
—

 
—

Futures contracts on money market instruments
AP
 
1

 
2,710

 
7

 
10,476

Futures contracts on notes and bonds
AP
 
10

 
915

 
(4
)
 
1,055

Options on money market instruments
AP
 
—

 
—

 
—

 
292

Convertible bonds
FM AFS
 
309

 
279

 
357

 
353

TBAs
FM AFS
 
—

 
—

 
60

 
56

 
 
 
$
320

 
$
4,574

 
$
427

 
$
12,906

Other derivative instruments
 
 
 
 
 
 
 
 
 
Futures contracts on equities(1)
AP
 
$
(6
)
 
$
2,308

 
$
(16
)
 
$
1,367

Options on equity market indices(1)
AP
 
30

 
250

 
54

 
250

Credit default swaps
AP
 
—

 
—

 
3

 
350

Other
AP
 
—

 
—

 
—

 
6

 
 
 
$
24

 
$
2,558

 
$
41

 
$
1,973

GLB(2)
AP/FPB
 
$
(1,352
)
 
$
1,100

 
$
(1,505
)
 
$
1,378

(1) 
Related to GMDB and GLB blocks of business.
(2) 
Includes both future policy benefits reserves and fair value derivative adjustment. Refer to Note 5 c) for additional information. Note that the payment provision related to GLB is the net amount at risk. The concept of a notional value does not apply to the GLB reinsurance contracts.
Net Realized Gains (Losses) Of Derivative Instrument Activity In Consolidated Statement Of Operations
 
Years Ended December 31
 
(in millions of U.S. dollars)
2012

 
2011

 
2010

Investment and embedded derivative instruments
 
 
 
 
 
Foreign currency forward contracts
$
(9
)
 
$
6

 
$
21

All other futures contracts and options
(22
)
 
(98
)
 
29

Convertible bonds
25

 
(50
)
 
7

TBAs
—

 
(1
)
 
1

Total investment and embedded derivative instruments
$
(6
)
 
$
(143
)
 
$
58

GLB and other derivative instruments
 
 
 
 
 
GLB(1)
$
171

 
$
(779
)
 
$
(28
)
Futures contracts on equities(2)
(273
)
 
(12
)
 
(140
)
Options on equity market indices(2)
(24
)
 
8

 
(10
)
Interest rate swaps
—

 
—

 
(21
)
Credit default swaps
(4
)
 
(4
)
 
1

Other
—

 
—

 
1

Total GLB and other derivative instruments
$
(130
)
 
$
(787
)
 
$
(197
)
 
$
(136
)
 
$
(930
)
 
$
(139
)
(1) 
Excludes foreign exchange gains (losses) related to GLB.
(2) 
Related to GMDB and GLB blocks of business. 
Schedule of Future Minimum Rental Payments for Operating Leases
Future minimum lease payments under the leases are expected to be as follows:
For the year ending December 31
(in millions of U.S. dollars)
2013
$
91

2014
79

2015
69

2016
60

2017
51

Thereafter
151

Total minimum future lease commitments
$
501