Derivative Financial Instruments

9 Months Ended

Sep. 30, 2014

Summary of Derivative Instruments [Abstract]

Derivative Financial Instruments

Note D. Derivative Financial Instruments

Gross estimated fair values of derivative positions are presented in Other invested assets and Other liabilities on the Condensed Consolidated Balance Sheets. There would be no significant difference in the balance included in such accounts if the estimated fair values were presented net at September 30, 2014 and December 31, 2013. The contractual or notional amounts for derivatives are used to calculate the exchange of contractual payments under the agreements and may not be representative of the potential for gain or loss on these instruments.

Derivative Financial Instruments

September 30, 2014	Contractual/ Notional Amount		Estimated Fair Value
(In millions)			Asset		(Liability)
Without hedge designation
Forward commitments for mortgage-backed securities	$	30	$	—	$	—
Currency forwards	6		1		—
Equity warrants	5		—		—
Embedded derivative on funds withheld liability	185		—		(1		)
Total			$	1	$	(1	)

December 31, 2013	Contractual/ Notional Amount		Estimated Fair Value
(In millions)			Asset		(Liability)
Without hedge designation
Equity warrants	$	5	$	—	$	—