Income Taxes (Tables)

3 Months Ended

Mar. 31, 2014

Income Tax Disclosure [Abstract]

Effective Tax Rate Reconciliation

Effective Tax Rate Reconciliation

	First Quarter
	2014			2013
	(in millions)
Expected tax provision (benefit) at statutory rates in taxable jurisdictions	$	38		$	(48	)
Tax-exempt interest	(14		)	(14		)
Change in liability for uncertain tax positions	1			(8		)
Other	2			2
Total provision (benefit) for income taxes	$	27		$	(68	)
Effective tax rate	38.8		%	31.8		%

Pretax Income (Loss) by Tax Jurisdiction

Pretax Income (Loss) by Tax Jurisdiction

	First Quarter
	2014			2013
	(in millions)
United States	$	113		$	(134	)
Bermuda	(37		)	(78		)
U.K.	(7		)	0
Total	$	69		$	(212	)

Revenue by Tax Jurisdiction

Revenue by Tax Jurisdiction

	First Quarter
	2014			2013
	(in millions)
United States	$	195		$	(127	)
Bermuda	1			(49		)
U.K.	(1		)	0
Total	$	195		$	(176	)