XML 20 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
Commitments, contingencies, and guarantees (Tables)
 3 Months Ended
Mar. 31, 2013
Commitments and Contingencies Disclosure [Abstract]  
Balance Sheet Locations, Fair Values In An Asset Or (Liability) Position, And Notional Values/Payment Provisions Of Derivative Instruments
 
 
 
March 31
 
 
December 31
 
 
 
 
2013
 
 
2012
 
(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
 
$
(48
)
 
$
534

 
$
—

 
$
620

Cross-currency swaps
AP
 
—

 
50

 
—

 
50

Futures contracts on money market instruments
AP
 
1

 
2,169

 
1

 
2,710

Futures contracts on notes and bonds
AP
 
(4
)
 
1,079

 
10

 
915

Options on money market instruments
AP
 
—

 
3,335

 
—

 
—

Convertible bonds
FM AFS
 
274

 
231

 
309

 
279

 
 
 
$
223

 
$
7,398

 
$
320

 
$
4,574

Other derivative instruments
 
 
 
 
 
 
 
 
 
Futures contracts on equities(1)
AP
 
$
(37
)
 
$
2,255

 
$
(6
)
 
$
2,308

Options on equity market indices(1)
AP
 
17

 
250

 
30

 
250

 
 
 
$
(20
)
 
$
2,505

 
$
24

 
$
2,558

GLB(2)
AP/FPB
 
$
(985
)
 
$
721

 
$
(1,352
)
 
$
1,100

(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 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
 
Three Months Ended
 
 
March 31
 
(in millions of U.S. dollars)
2013
 
2012
Investment and embedded derivative instruments
 
 
 
Foreign currency forward contracts
$
5

 
$
(8
)
All other futures contracts and options
7

 
26

Convertible bonds
6

 
24

Total investment and embedded derivative instruments
$
18

 
$
42

GLB and other derivative instruments
 
 
 
GLB(1)
$
328

 
$
428

Futures contracts on equities(2)
(237
)
 
(213
)
Options on equity market indices(2)
(13
)
 
(18
)
Credit default swaps
—

 
(5
)
Total GLB and other derivative instruments
$
78

 
$
192

 
$
96

 
$
234

(1) 
Excludes foreign exchange gains (losses) related to GLB.
(2) 
Related to GMDB and GLB blocks of business.