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Financing Receivables (Tables)
 6 Months Ended
Jun. 30, 2014
Receivables [Abstract]  
Rollforward of the allowance for loan losses
The following tables present a rollforward of the allowance for loan losses for the six months ended and the ending balance of the allowance for loan losses by impairment method and type of loan:
 
June 30, 2014
 
Commercial
Mortgage Loans
 
Syndicated Loans
 
Consumer Loans
 
Total
 
(in millions)
Beginning balance
$
26

 
$
6

 
$
5

 
$
37

Charge-offs
(1
)
 
(2
)
 
(1
)
 
(4
)
Ending balance
$
25

 
$
4

 
$
4

 
$
33

 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
8

 
$
—

 
$
1

 
$
9

Collectively evaluated for impairment
17

 
4

 
3

 
24

 
June 30, 2013
 
Commercial
Mortgage Loans
 
Syndicated Loans
 
Consumer Loans
 
Total
 
(in millions)
Beginning balance
$
29

 
$
7

 
$
8

 
$
44

Charge-offs
—

 
(1
)
 
(1
)
 
(2
)
Ending balance
$
29

 
$
6

 
$
7

 
$
42

 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
8

 
$
—

 
$
1

 
$
9

Collectively evaluated for impairment
21

 
6

 
6

 
33
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:
 
June 30, 2014
 
Commercial
Mortgage Loans
 
Syndicated Loans
 
Consumer Loans
 
Total
 
(in millions)
Individually evaluated for impairment
$
36

 
$
5

 
$
7

 
$
48

Collectively evaluated for impairment
2,669

 
407

 
807

 
3,883

Total
$
2,705

 
$
412

 
$
814

 
$
3,931

 
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
Concentrations of credit risk of commercial mortgage loans by U.S. region were as follows:
 
Loans
 
Percentage
 
June 30, 2014
 
December 31, 2013
 
June 30, 2014
 
December 31, 2013
 
(in millions)
 
 
 
 
East North Central
$
239

 
$
251

 
9
%
 
9
%
East South Central
65

 
71

 
2

 
3

Middle Atlantic
221

 
211

 
8

 
8

Mountain
262

 
257

 
10

 
10

New England
142

 
149

 
5

 
5

Pacific
671

 
661

 
25

 
25

South Atlantic
736

 
713

 
27

 
26

West North Central
212

 
207

 
8

 
8

West South Central
157

 
162

 
6

 
6

 
2,705

 
2,682

 
100
%
 
100
%
Less: allowance for loan losses
25

 
26

 
 

 
 

Total
$
2,680

 
$
2,656

 
 

 
 
Schedule of commercial mortgage loans by property type
Concentrations of credit risk of commercial mortgage loans by property type were as follows:
 
Loans
 
Percentage
 
June 30, 2014
 
December 31, 2013
 
June 30, 2014
 
December 31, 2013
 
(in millions)
 
 
 
 
Apartments
$
465

 
$
488

 
17
%
 
18
%
Hotel
35

 
33

 
1

 
1

Industrial
475

 
454

 
17

 
17

Mixed use
45

 
36

 
2

 
1

Office
563

 
559

 
21

 
21

Retail
966

 
951

 
36

 
36

Other
156

 
161

 
6

 
6

 
2,705

 
2,682

 
100
%
 
100
%
Less: allowance for loan losses
25

 
26

 
 

 
 

Total
$
2,680

 
$
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 June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
 
Number of Loans
 
Recorded Investment
 
(in millions, except number of loans)
Commercial mortgage loans
—

 
$
—

 
4

 
$
10

 
2

 
$
8

 
4

 
$
10

Syndicated loans
—

 
—

 
1

 
—

 
1

 
1

 
1

 
—

Consumer loans
2

 
—

 
4

 
—

 
4

 
—

 
9

 
—

Total
2

 
$
—

 
9

 
$
10

 
7

 
$
9

 
14

 
$
10