XML 129 R41.htm IDEA: XBRL DOCUMENT v2.4.0.8
Commitments, contingencies, and guarantees (Tables)
 12 Months Ended
Dec. 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
and notional values/payment provisions of our derivative instruments: 
 
December 31, 2013
 
 
 
 
December 31, 2012
 
 
Consolidated
Balance Sheet
Location(1)
 
Fair Value
 
 
Notional
Value/
Payment
Provision

 
Consolidated
Balance Sheet
Location
 
Fair Value
 
 
Notional
Value/
Payment
Provision

 
 
Derivative Asset

 
Derivative (Liability)

 
 
 
Derivative Asset

 
Derivative (Liability)

 
(in millions of U.S. dollars)
 
 
 
 
 
 
 
Investment and embedded derivative instruments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency forward contracts
OA / (AP)
 
$
3

 
$
(4
)
 
$
1,202

 
AP
 
$
—

 
$
—

 
$
620

Cross-currency swaps
OA / (AP)
 
—

 
—

 
50

 
AP
 
—

 
—

 
50

Futures contracts on money market instruments
OA / (AP)
 
3

 
—

 
3,910

 
AP
 
1

 
—

 
2,710

Futures contracts on notes and bonds
OA / (AP)
 
13

 
(2
)
 
871

 
AP
 
10

 
—

 
915

Convertible bonds
FM AFS
 
302

 
—

 
254

 
FM AFS
 
309

 
—

 
279

 
 
 
$
321

 
$
(6
)
 
$
6,287

 
 
 
$
320

 
$
—

 
$
4,574

Other derivative instruments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Futures contracts on equities(2)
OA / (AP)
 
$
—

 
$
(60
)
 
$
1,692

 
AP
 
$
—

 
$
(6
)
 
$
2,308

Options on equity market indices(2)
OA / (AP)
 
6

 
—

 
250

 
AP
 
30

 
—

 
250

Other
OA / (AP)
 
—

 
(2
)
 
8

 
AP
 
—

 
—

 
—

 
 
 
$
6

 
$
(62
)
 
$
1,950

 
 
 
$
30

 
$
(6
)
 
$
2,558

GLB(3)
(AP) / (FPB)
 
$
—

 
$
(427
)
 
$
277

 
AP / FPB
 
$
—

 
$
(1,352
)
 
$
1,100

(1)
Other assets (OA), Fixed maturities available for sale (FM AFS)
(2) 
Related to GMDB and GLB blocks of business.
(3) 
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)
2013

 
2012

 
2011

Investment and embedded derivative instruments
 
 
 
 
 
Foreign currency forward contracts
$
11

 
$
(9
)
 
$
6

All other futures contracts and options
61

 
(22
)
 
(98
)
Convertible bonds
6

 
25

 
(50
)
TBAs
—

 
—

 
(1
)
Total investment and embedded derivative instruments
$
78

 
$
(6
)
 
$
(143
)
GLB and other derivative instruments
 
 
 
 
 
GLB(1)
$
878

 
$
171

 
$
(779
)
Futures contracts on equities(2)
(555
)
 
(273
)
 
(12
)
Options on equity market indices(2)
(24
)
 
(24
)
 
8

Other
(2
)
 
(4
)
 
(4
)
Total GLB and other derivative instruments
$
297

 
$
(130
)
 
$
(787
)
 
$
375

 
$
(136
)
 
$
(930
)
(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)
2014
$
106

2015
99

2016
86

2017
70

2018
49

Thereafter
124

Total minimum future lease commitments
$
534