Income Taxes (Tables)

6 Months Ended

Jun. 30, 2016

Income Tax Disclosure [Abstract]

Effective Tax Rate Reconciliation

Effective Tax Rate Reconciliation

	Second Quarter						Six Months
	2016			2015			2016			2015
	(in millions)
Expected tax provision (benefit) at statutory rates in taxable jurisdictions	$	66		$	143		$	84		$	220
Tax-exempt interest	(13		)	(13		)	(26		)	(27		)
Gain on bargain purchase	—			(19		)	—			(19		)
Change in liability for uncertain tax positions	1			1			2			2
Other	1			0			1			1
Total provision (benefit) for income taxes	$	55		$	112		$	61		$	177
Effective tax rate	26.9		%	27.5		%	22.8		%	26.2		%

Pretax Income (Loss) by Tax Jurisdiction

Pretax Income (Loss) by Tax Jurisdiction

	Second Quarter						Six Months
	2016			2015			2016			2015
	(in millions)
United States	$	194		$	414		$	249		$	637
Bermuda	15			5			32			55
U.K.	(8		)	(10		)	(15		)	(17		)
Total	$	201		$	409		$	266		$	675

Revenue by Tax Jurisdiction

Revenue by Tax Jurisdiction

	Second Quarter					Six Months
	2016		2015			2016			2015
	(in millions)
United States	$	337	$	618		$	542		$	918
Bermuda	59		78			101			151
U.K.	0		(1		)	(2		)	(5		)
Total	$	396	$	695		$	641		$	1,064