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Commitments, contingencies, and guarantees (Tables)
 6 Months Ended
Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]  
Balance Sheet Locations, Fair Values In An Asset Or (Liability) Position, And Notional Values/Payment Provisions Of Derivative Instruments
 
 
 
 
 
June 30, 2016
 
 
 
 
December 31, 2015
 
 
Consolidated
Balance Sheet
Location
 
Fair Value
 
 
Notional
Value/
Payment
Provision

 
Fair Value
 
 
Notional
Value/
Payment
Provision

(in millions of U.S. dollars)
 
Derivative Asset

 
Derivative (Liability)

 
 
Derivative Asset

 
Derivative (Liability)

 
Investment and embedded derivative instruments
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency forward contracts
OA / (AP)
 
$
10

 
$
(27
)
 
$
1,258

 
$
7

 
$
(11
)
 
$
1,029

Cross-currency swaps
OA / (AP)
 
—

 
—

 
95

 
—

 
—

 
95

Options/Futures contracts on notes and bonds
OA / (AP)
 
8

 
(44
)
 
1,249

 
5

 
(2
)
 
751

Convertible securities (1)
FM AFS / ES
 
2

 
—

 
6

 
31

 
—

 
40

 
 
 
$
20

 
$
(71
)
 
$
2,608

 
$
43

 
$
(13
)
 
$
1,915

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

 
$
(4
)
 
$
1,225

 
$
—

 
$
(4
)
 
$
1,197

Other
OA / (AP)
 
7

 
(10
)
 
277

 
—

 
(6
)
 
15

 
 
 
$
7

 
$
(14
)
 
$
1,502

 
$
—

 
$
(10
)
 
$
1,212

GLB(3)
(AP) / (FPB)
 
$
—

 
$
(1,256
)
 
$
1,511

 
$
—

 
$
(888
)
 
$
1,155


(1) 
Includes fair value of embedded derivatives.
(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 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
 
Six Months Ended
 
 
June 30
 
June 30
 
(in millions of U.S. dollars)
2016

 
2015

2016

 
2015

Investment and embedded derivative instruments
 
 
 
 
 
 
Foreign currency forward contracts
$
(10
)
 
$
(10
)
$
(20
)
 
$
15

All other futures contracts and options
(37
)
 
42

(71
)
 
13

Convertible securities(1)
—

 
(5
)
5

 
—

Total investment and embedded derivative instruments
$
(47
)
 
$
27

$
(86
)

$
28

GLB and other derivative instruments
 
 
 
 
 
 
GLB(2)
$
(131
)
 
$
104

$
(359
)
 
$
59

Futures contracts on equities(3)
(28
)
 
(2
)
(43
)
 
(13
)
Options on equity market indices(3)
—

 
—

—

 
(1
)
Other
—

 
(1
)
(2
)
 
(1
)
Total GLB and other derivative instruments
$
(159
)
 
$
101

$
(404
)

$
44

 
$
(206
)
 
$
128

$
(490
)

$
72

(1) 
Includes embedded derivatives.
(2) 
Excludes foreign exchange gains (losses) related to GLB.
(3) 
Related to GMDB and GLB blocks of business.
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
 
 
Remaining contractual maturity

June 30, 2016
 
Overnight and Continuous

(in millions of U.S. dollars)
 
Collateral held under securities lending agreements:
 
 
Cash
 
$
447

U.S. Treasury and agency
 
71

Foreign
 
262

Corporate securities
 
11

Equity securities
 
351

 
 
$
1,142

Gross amount of recognized liability for securities lending payable
 
$
1,143

Difference (1)
 
$
(1
)
(1) 
The carrying value of the securities lending collateral held is $1 million lower than the securities lending payable due to accrued interest recorded in the securities lending payable.
Secured Borrowings Securities Lending Table Text Block [Table Text Block]
 
Remaining contractual maturity
 
June 30, 2016
Up to 30 Days

 
Greater than
90 Days

 
Total

(in millions of U.S. dollars)
 
 
Collateral pledged under repurchase agreements:
 
 
 
 
 
U.S. Treasury and agency
$
234

 
$
5

 
$
239

Mortgage-backed securities
329

 
889

 
1,218

 
$
563

 
$
894

 
$
1,457

Gross amount of recognized liabilities for repurchase agreements
 
 
 
 
$
1,405

Difference(1)
 
 
 
 
$
52

(1) 
Per the repurchase agreements, the amount of collateral posted is required to exceed the amount of gross liability.