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Financing Receivables (Tables)
 12 Months Ended
Dec. 31, 2013
Receivables [Abstract]  
Rollforward of the allowance for loan losses
The following tables present a rollforward of the allowance for loan losses for the years ended and the ending balance of the allowance for loan losses by impairment method and type of loan:
 
December 31, 2013
 
Commercial Mortgage Loans
 
Syndicated Loans
 
Consumer Loans
 
Total
 
(in millions)
Beginning balance
$
29

 
$
7

 
$
8

 
$
44

Charge-offs
(3
)
 
(1
)
 
(3
)
 
(7
)
Recoveries
—

 
—

 
1

 
1

Provisions
—

 
—

 
(1
)
 
(1
)
Ending balance
$
26

 
$
6

 
$
5

 
$
37

 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
8

 
$
—

 
$
1

 
$
9

Collectively evaluated for impairment
18

 
6

 
4

 
28


December 31, 2012

Commercial Mortgage Loans
 
Syndicated Loans
 
Consumer Loans
 
Total
 
(in millions)
Beginning balance
$
35

 
$
9

 
$
16

 
$
60

Charge-offs
(6
)
 
(2
)
 
(14
)
 
(22
)
Recoveries
—

 
—

 
1

 
1

Provisions
—

 
—

 
5

 
5

Ending balance
$
29

 
$
7

 
$
8

 
$
44




 
 
 
 
 
 
Individually evaluated for impairment
$
6

 
$
—

 
$
1

 
$
7

Collectively evaluated for impairment
23

 
7

 
7

 
37


December 31, 2011

Commercial Mortgage Loans
 
Syndicated Loans
 
Consumer Loans
 
Total
 
(in millions)
Beginning balance
$
38


$
10


$
16


$
64

Charge-offs
(2
)

—


(12
)

(14
)
Recoveries
—


—


1


1

Provisions
(1
)

(1
)

11


9

Ending balance
$
35


$
9


$
16


$
60













Individually evaluated for impairment
$
10


$
1


$
1


$
12

Collectively evaluated for impairment
25


8


15


48
Financing receivables by impairment method and type of loan
The recorded investment in financing receivables by impairment method and type of loan was as follows:
 
December 31, 2013
 
Commercial Mortgage Loans
 
Syndicated Loans
 
Consumer Loans
 
Total
 
(in millions)
Individually evaluated for impairment
$
42

 
$
9

 
$
7

 
$
58

Collectively evaluated for impairment
2,640

 
370

 
873

 
3,883

Total
$
2,682

 
$
379

 
$
880

 
$
3,941

 
December 31, 2012
 
Commercial Mortgage Loans
 
Syndicated Loans
 
Consumer Loans
 
Total
 
(in millions)
Individually evaluated for impairment
$
44

 
$
2

 
$
8

 
$
54

Collectively evaluated for impairment
2,562

 
335

 
1,061

 
3,958

Total
$
2,606

 
$
337

 
$
1,069

 
$
4,012
Purchases and sales of loans under financing receivables
Purchases and sales of loans were as follows:
 
Years Ended December 31,
 
2013
 
2012
 
2011
 
(in millions)
Purchases
 

 
 

 
 

Consumer loans
$
—

 
$
51

 
$
373

Syndicated loans
158

 
111

 
194

Total loans purchased
$
158

 
$
162

 
$
567

 
 
 
 
 
 
Sales
 

 
 

 
 

Consumer loans
$
—

 
$
452

 
$
209

Syndicated loans
3

 
12

 
2

Total loans sold
$
3

 
$
464

 
$
211
Schedule of commercial mortgage loans by geographic region and specific collateral property type
Concentrations of credit risk of commercial mortgage loans by U.S. region were as follows:
 
Loans
 
Percentage
 
December 31,
 
December 31,
 
2013
 
2012
 
2013
 
2012
 
(in millions)
 
 
 
 
East North Central
$
251

 
$
260

 
9
%
 
10
%
East South Central
71

 
66

 
3

 
3

Middle Atlantic
211

 
207

 
8

 
8

Mountain
257

 
272

 
10

 
10

New England
149

 
146

 
5

 
6

Pacific
661

 
597

 
25

 
23

South Atlantic
713

 
661

 
26

 
25

West North Central
207

 
232

 
8

 
9

West South Central
162

 
165

 
6

 
6

 
2,682

 
2,606

 
100
%
 
100
%
Less: allowance for loan losses
26

 
29

 
 

 
 

Total
$
2,656

 
$
2,577

 
 

 
 
Schedule of concentrations of credit risk of commercial mortgage loans by property type
Concentrations of credit risk of commercial mortgage loans by property type were as follows:
 
Loans
 
Percentage
 
December 31,
 
December 31,
 
2013
 
2012
 
2013
 
2012
 
(in millions)
 
 
 
 
Apartments
$
488

 
$
450

 
18
%
 
17
%
Hotel
33

 
36

 
1

 
1

Industrial
454

 
474

 
17

 
18

Mixed use
36

 
42

 
1

 
2

Office
559

 
610

 
21

 
24

Retail
951

 
858

 
36

 
33

Other
161

 
136

 
6

 
5

 
2,682

 
2,606

 
100
%
 
100
%
Less: allowance for loan losses
26

 
29

 
 

 
 

Total
$
2,656

 
$
2,577

 
 

 
 
Schedule of troubled debt restructurings
The following table presents the number of loans restructured by the Company during the period and their recorded investment at the end of the period:
 
Years Ended December 31,
 
2013
 
2012
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
 
(in millions, except number of loans)
Commercial mortgage loans
8

 
$
24

 
4

 
$
13

Syndicated loans
1

 
—

 
5

 
2

Consumer bank loans
15

 
—

 
23

 
—

Total
24

 
$
24

 
32

 
$
15