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Financing Receivables (Tables)
 3 Months Ended
Mar. 31, 2014
Receivables [Abstract]  
Rollforward of the allowance for loan losses
The following tables present a rollforward of the allowance for loan losses for the three months ended and the ending balance of the allowance for loan losses by impairment method and type of loan:
 
March 31, 2014
 
Commercial
Mortgage Loans
 
Syndicated Loans
 
Consumer Loans
 
Total
 
(in millions)
Beginning balance
$
26

 
$
6

 
$
5

 
$
37

Charge-offs
(1
)
 
(2
)
 
—

 
(3
)
Ending balance
$
25

 
$
4

 
$
5

 
$
34

 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
6

 
$
—

 
$
1

 
$
7

Collectively evaluated for impairment
19

 
4

 
4

 
27

 
March 31, 2013
 
Commercial
Mortgage Loans
 
Syndicated Loans
 
Consumer Loans
 
Total
 
(in millions)
Beginning balance
$
29

 
$
7

 
$
8

 
$
44

Charge-offs
—

 
—

 
(1
)
 
(1
)
Ending balance
$
29

 
$
7

 
$
7

 
$
43

 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
7

 
$
—

 
$
1

 
$
8

Collectively evaluated for impairment
22

 
7

 
6

 
35
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:
 
March 31, 2014
 
Commercial
Mortgage Loans
 
Syndicated Loans
 
Consumer Loans
 
Total
 
(in millions)
Individually evaluated for impairment
$
32

 
$
4

 
$
7

 
$
43

Collectively evaluated for impairment
2,663

 
418

 
833

 
3,914

Total
$
2,695

 
$
422

 
$
840

 
$
3,957

 
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
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
 
March 31, 2014
 
December 31, 2013
 
March 31, 2014
 
December 31, 2013
 
(in millions)
 
 
 
 
East North Central
$
244

 
$
251

 
9
%
 
9
%
East South Central
68

 
71

 
3

 
3

Middle Atlantic
214

 
211

 
8

 
8

Mountain
255

 
257

 
9

 
10

New England
146

 
149

 
5

 
5

Pacific
674

 
661

 
25

 
25

South Atlantic
723

 
713

 
27

 
26

West North Central
210

 
207

 
8

 
8

West South Central
161

 
162

 
6

 
6

 
2,695

 
2,682

 
100
%
 
100
%
Less: allowance for loan losses
25

 
26

 
 

 
 

Total
$
2,670

 
$
2,656

 
 

 
 
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
 
March 31, 2014
 
December 31, 2013
 
March 31, 2014
 
December 31, 2013
 
(in millions)
 
 
 
 
Apartments
$
477

 
$
488

 
18
%
 
18
%
Hotel
31

 
33

 
1

 
1

Industrial
471

 
454

 
17

 
17

Mixed use
46

 
36

 
2

 
1

Office
559

 
559

 
21

 
21

Retail
952

 
951

 
35

 
36

Other
159

 
161

 
6

 
6

 
2,695

 
2,682

 
100
%
 
100
%
Less: allowance for loan losses
25

 
26

 
 

 
 

Total
$
2,670

 
$
2,656

 
 

 
 
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:
 
Three Months Ended March 31,
 
2014
 
2013
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
 
(in millions, except number of loans)
Commercial mortgage loans
2

 
$
8

 
—

 
$
—

Syndicated loans
1

 
1

 
—

 
—

Consumer loans
2

 
—

 
5

 
—

Total
5

 
$
9

 
5

 
$
—