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Investments (Tables)
 3 Months Ended
Mar. 31, 2014
Investments, Debt and Equity Securities [Abstract]  
Schedule Of Amortized Cost And Fair Value Of Fixed Maturities And Related OTTI Recognized In AOCI
March 31, 2014
Amortized
Cost

 
Gross
Unrealized
Appreciation

 
Gross
Unrealized
Depreciation

 
Fair
Value

 
OTTI Recognized
in AOCI

(in millions of U.S. dollars)
 
 
 
 
Available for sale
 
 
 
 
 
 
 
 
 
U.S. Treasury and agency
$
2,939

 
$
68

 
$
(37
)
 
$
2,970

 
$
—

Foreign
14,155

 
441

 
(65
)
 
14,531

 
(1
)
Corporate securities
16,873

 
883

 
(71
)
 
17,685

 
(6
)
Mortgage-backed securities
10,916

 
210

 
(155
)
 
10,971

 
(27
)
States, municipalities, and political subdivisions
3,399

 
95

 
(40
)
 
3,454

 
—

 
$
48,282

 
$
1,697

 
$
(368
)
 
$
49,611

 
$
(34
)
Held to maturity
 
 
 
 
 
 
 
 
 
U.S. Treasury and agency
$
777

 
$
17

 
$
(4
)
 
$
790

 
$
—

Foreign
837

 
37

 
—

 
874

 
—

Corporate securities
1,876

 
89

 
—

 
1,965

 
—

Mortgage-backed securities
1,265

 
41

 
—

 
1,306

 
—

States, municipalities, and political subdivisions
1,132

 
23

 
(10
)
 
1,145

 
—

 
$
5,887

 
$
207

 
$
(14
)
 
$
6,080

 
$
—


December 31, 2013
Amortized
Cost

 
Gross
Unrealized
Appreciation

 
Gross
Unrealized
Depreciation

 
Fair
Value

 
OTTI Recognized
in AOCI

(in millions of U.S. dollars)
 
 
 
 
Available for sale
 
 
 
 
 
 
 
 
 
U.S. Treasury and agency
$
2,946

 
$
62

 
$
(59
)
 
$
2,949

 
$
—

Foreign
14,336

 
377

 
(122
)
 
14,591

 
—

Corporate securities
16,825

 
777

 
(132
)
 
17,470

 
(6
)
Mortgage-backed securities
10,937

 
184

 
(227
)
 
10,894

 
(34
)
States, municipalities, and political subdivisions
3,362

 
65

 
(77
)
 
3,350

 
—

 
$
48,406

 
$
1,465

 
$
(617
)
 
$
49,254

 
$
(40
)
Held to maturity
 
 
 
 
 
 
 
 
 
U.S. Treasury and agency
$
820

 
$
16

 
$
(4
)
 
$
832

 
$
—

Foreign
864

 
33

 
—

 
897

 
—

Corporate securities
1,922

 
83

 
—

 
2,005

 
—

Mortgage-backed securities
1,341

 
39

 
(1
)
 
1,379

 
—

States, municipalities, and political subdivisions
1,151

 
16

 
(17
)
 
1,150

 
—

 
$
6,098

 
$
187

 
$
(22
)
 
$
6,263

 
$
—
Schedule Of Fixed Maturities By Contractual Maturity
 
 
 
March 31

 
 
 
December 31

 
 
 
2014

 
 
 
2013

(in millions of U.S. dollars)
Amortized Cost

 
Fair Value

 
Amortized Cost

 
Fair Value

Available for sale
 
 
 
 
 
 
 
Due in 1 year or less
$
2,504

 
$
2,528

 
$
2,387

 
$
2,411

Due after 1 year through 5 years
14,199

 
14,713

 
14,139

 
14,602

Due after 5 years through 10 years
15,947

 
16,460

 
16,200

 
16,535

Due after 10 years
4,716

 
4,939

 
4,743

 
4,812

 
37,366

 
38,640

 
37,469

 
38,360

Mortgage-backed securities
10,916

 
10,971

 
10,937

 
10,894

 
$
48,282

 
$
49,611

 
$
48,406

 
$
49,254

Held to maturity
 
 
 
 
 
 
 
Due in 1 year or less
$
539

 
$
547

 
$
401

 
$
405

Due after 1 year through 5 years
2,419

 
2,503

 
2,284

 
2,363

Due after 5 years through 10 years
1,304

 
1,345

 
1,686

 
1,723

Due after 10 years
360

 
379

 
386

 
393

 
4,622

 
4,774

 
4,757

 
4,884

Mortgage-backed securities
1,265

 
1,306

 
1,341

 
1,379

 
$
5,887

 
$
6,080

 
$
6,098

 
$
6,263
Schedule Of Cost And Fair Value Of Equity Securities
 
March 31


December 31

(in millions of U.S. dollars)
2014


2013

Cost
$
845

 
$
841

Gross unrealized appreciation
64

 
63

Gross unrealized depreciation
(58
)
 
(67
)
Fair value
$
851

 
$
837
Schedule Of Net Realized Gains (Losses) And The Losses Included In Net Realized Gains (Losses) And OCI
 
Three Months Ended
 
 
March 31
 
(in millions of U.S. dollars)
2014

 
2013

Fixed maturities:
 
 
 
OTTI on fixed maturities, gross
$
(6
)
 
$
(1
)
OTTI on fixed maturities recognized in OCI (pre-tax)
1

 
—

OTTI on fixed maturities, net
(5
)
 
(1
)
Gross realized gains excluding OTTI
36

 
62

Gross realized losses excluding OTTI
(20
)
 
(25
)
Total fixed maturities
11

 
36

Equity securities:
 
 
 
OTTI on equity securities
(6
)
 
(1
)
Gross realized gains excluding OTTI
2

 
2

Gross realized losses excluding OTTI
(1
)
 
(2
)
Total equity securities
(5
)
 
(1
)
OTTI on other investments
—

 
(1
)
Foreign exchange gains (losses)
(9
)
 
76

Investment and embedded derivative instruments
(25
)
 
18

Fair value adjustments on insurance derivative
(48
)
 
328

S&P put options and futures
(19
)
 
(250
)
Other derivative instruments
(2
)
 
—

Other
(7
)
 
—

Net realized gains (losses)
$
(104
)
 
$
206
Schedule Of Roll-Forward Of Pre-Tax Credit Losses Related To Fixed Maturities For Which A Portion Of OTTI Was Recognized In OCI
 
Three Months Ended
 
 
March 31
 
(in millions of U.S. dollars)
2014

 
2013

Balance of credit losses related to securities still held – beginning of period
$
37

 
$
43

Additions where no OTTI was previously recorded
2

 
—

Additions where an OTTI was previously recorded
2

 
1

Reductions for securities sold during the period
(6
)
 
(9
)
Balance of credit losses related to securities still held – end of period
$
35

 
$
35
Schedule Of Aggregate Fair Value And Gross Unrealized Loss By Length Of Time The Security Has Continuously Been In An Unrealized Loss Position
 
0 – 12 Months
 
 
Over 12 Months
 
 
Total
 
March 31, 2014
Fair Value

 
Gross
Unrealized
Loss

 
Fair Value

 
Gross
Unrealized
Loss

 
Fair Value

 
Gross
Unrealized
Loss

(in millions of U.S. dollars)
 
 
 
 
 
U.S. Treasury and agency
$
1,609

 
$
(37
)
 
$
33

 
$
(4
)
 
$
1,642

 
$
(41
)
Foreign
2,988

 
(56
)
 
259

 
(9
)
 
3,247

 
(65
)
Corporate securities
2,940

 
(58
)
 
211

 
(13
)
 
3,151

 
(71
)
Mortgage-backed securities
4,367

 
(130
)
 
398

 
(25
)
 
4,765

 
(155
)
States, municipalities, and political subdivisions
1,575

 
(39
)
 
189

 
(11
)
 
1,764

 
(50
)
Total fixed maturities
13,479

 
(320
)
 
1,090

 
(62
)
 
14,569

 
(382
)
Equity securities
496

 
(58
)
 
—

 
—

 
496

 
(58
)
Other investments
65

 
(5
)
 
—

 
—

 
65

 
(5
)
Total
$
14,040

 
$
(383
)
 
$
1,090

 
$
(62
)
 
$
15,130

 
$
(445
)
 
 
0 – 12 Months
 
 
Over 12 Months
 
 
Total
 
December 31, 2013
Fair Value

 
Gross
Unrealized
Loss

 
Fair Value

 
Gross
Unrealized
Loss

 
Fair Value

 
Gross
Unrealized
Loss

(in millions of U.S. dollars)
 
 
 
 
 
U.S. Treasury and agency
$
1,794

 
$
(57
)
 
$
31

 
$
(6
)
 
$
1,825

 
$
(63
)
Foreign
4,621

 
(114
)
 
201

 
(8
)
 
4,822

 
(122
)
Corporate securities
3,836

 
(118
)
 
194

 
(14
)
 
4,030

 
(132
)
Mortgage-backed securities
5,248

 
(197
)
 
384

 
(31
)
 
5,632

 
(228
)
States, municipalities, and political subdivisions
2,164

 
(90
)
 
84

 
(4
)
 
2,248

 
(94
)
Total fixed maturities
17,663

 
(576
)
 
894

 
(63
)
 
18,557

 
(639
)
Equity securities
498

 
(67
)
 
—

 
—

 
498

 
(67
)
Other investments
67

 
(9
)
 
—

 
—

 
67

 
(9
)
Total
$
18,228

 
$
(652
)
 
$
894

 
$
(63
)
 
$
19,122

 
$
(715
)
Schedule Of Components Of Restricted Assets
 
March 31

 
December 31

(in millions of U.S. dollars)
2014

 
2013

Trust funds
$
11,385

 
$
11,315

Deposits with non-U.S. regulatory authorities
1,962

 
1,970

Assets pledged under repurchase agreements
1,452

 
1,435

Deposits with U.S. regulatory authorities
1,334

 
1,334

Other pledged assets
420

 
391

 
$
16,553

 
$
16,445