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Investments (Tables)
 9 Months Ended
Sep. 30, 2014
Investments, Debt and Equity Securities [Abstract]  
Schedule Of Amortized Cost And Fair Value Of Fixed Maturities And Related OTTI Recognized In AOCI
September 30, 2014
Amortized
Cost

 
Gross
Unrealized
Appreciation

 
Gross
Unrealized
Depreciation

 
Fair
Value

 
OTTI Recognized
in AOCI

(in millions of U.S. dollars)
 
 
 
 
Available for sale
 
 
 
 
 
 
 
 
 
U.S. Treasury and agency
$
2,627

 
$
70

 
$
(19
)
 
$
2,678

 
$
—

Foreign
14,741

 
542

 
(52
)
 
15,231

 
(1
)
Corporate securities
16,715

 
716

 
(93
)
 
17,338

 
(2
)
Mortgage-backed securities
10,159

 
237

 
(72
)
 
10,324

 
(1
)
States, municipalities, and political subdivisions
3,446

 
138

 
(7
)
 
3,577

 
—

 
$
47,688

 
$
1,703

 
$
(243
)
 
$
49,148

 
$
(4
)
Held to maturity
 
 
 
 
 
 
 
 
 
U.S. Treasury and agency
$
804

 
$
16

 
$
(3
)
 
$
817

 
$
—

Foreign
937

 
42

 
(1
)
 
978

 
—

Corporate securities
2,443

 
86

 
(4
)
 
2,525

 
—

Mortgage-backed securities
2,087

 
46

 
(3
)
 
2,130

 
—

States, municipalities, and political subdivisions
1,277

 
38

 
(2
)
 
1,313

 
—

 
$
7,548

 
$
228

 
$
(13
)
 
$
7,763

 
$
—


December 31, 2013
Amortized
Cost

 
Gross
Unrealized
Appreciation

 
Gross
Unrealized
Depreciation

 
Fair
Value

 
OTTI Recognized
in AOCI

(in millions of U.S. dollars)
 
 
 
 
Available for sale
 
 
 
 
 
 
 
 
 
U.S. Treasury and agency
$
2,946

 
$
62

 
$
(59
)
 
$
2,949

 
$
—

Foreign
14,336

 
377

 
(122
)
 
14,591

 
—

Corporate securities
16,825

 
777

 
(132
)
 
17,470

 
(6
)
Mortgage-backed securities
10,937

 
184

 
(227
)
 
10,894

 
(34
)
States, municipalities, and political subdivisions
3,362

 
65

 
(77
)
 
3,350

 
—

 
$
48,406

 
$
1,465

 
$
(617
)
 
$
49,254

 
$
(40
)
Held to maturity
 
 
 
 
 
 
 
 
 
U.S. Treasury and agency
$
820

 
$
16

 
$
(4
)
 
$
832

 
$
—

Foreign
864

 
33

 
—

 
897

 
—

Corporate securities
1,922

 
83

 
—

 
2,005

 
—

Mortgage-backed securities
1,341

 
39

 
(1
)
 
1,379

 
—

States, municipalities, and political subdivisions
1,151

 
16

 
(17
)
 
1,150

 
—

 
$
6,098

 
$
187

 
$
(22
)
 
$
6,263

 
$
—
Schedule Of Fixed Maturities By Contractual Maturity
 
 
 
September 30

 
 
 
December 31

 
 
 
2014

 
 
 
2013

(in millions of U.S. dollars)
Amortized Cost

 
Fair Value

 
Amortized Cost

 
Fair Value

Available for sale
 
 
 
 
 
 
 
Due in 1 year or less
$
2,292

 
$
2,316

 
$
2,387

 
$
2,411

Due after 1 year through 5 years
14,833

 
15,310

 
14,139

 
14,602

Due after 5 years through 10 years
15,872

 
16,323

 
16,200

 
16,535

Due after 10 years
4,532

 
4,875

 
4,743

 
4,812

 
37,529

 
38,824

 
37,469

 
38,360

Mortgage-backed securities
10,159

 
10,324

 
10,937

 
10,894

 
$
47,688

 
$
49,148

 
$
48,406

 
$
49,254

Held to maturity
 
 
 
 
 
 
 
Due in 1 year or less
$
417

 
$
421

 
$
401

 
$
405

Due after 1 year through 5 years
2,670

 
2,763

 
2,284

 
2,363

Due after 5 years through 10 years
1,401

 
1,443

 
1,686

 
1,723

Due after 10 years
973

 
1,006

 
386

 
393

 
5,461

 
5,633

 
4,757

 
4,884

Mortgage-backed securities
2,087

 
2,130

 
1,341

 
1,379

 
$
7,548

 
$
7,763

 
$
6,098

 
$
6,263
Schedule Of Cost And Fair Value Of Equity Securities
 
September 30


December 31

(in millions of U.S. dollars)
2014


2013

Cost
$
480

 
$
841

Gross unrealized appreciation
71

 
63

Gross unrealized depreciation
(5
)
 
(67
)
Fair value
$
546

 
$
837
Schedule Of Net Realized Gains (Losses) And The Losses Included In Net Realized Gains (Losses) And OCI
 
Three Months Ended
 
 
Nine Months Ended
 
 
September 30
 
 
September 30
 
(in millions of U.S. dollars)
2014

 
2013

 
2014

 
2013

Fixed maturities:
 
 
 
 
 
 
 
OTTI on fixed maturities, gross
$
(5
)
 
$
(4
)
 
$
(20
)
 
$
(11
)
OTTI on fixed maturities recognized in OCI (pre-tax)
1

 
—

 
3

 
—

OTTI on fixed maturities, net
(4
)
 
(4
)
 
(17
)
 
(11
)
Gross realized gains excluding OTTI
73

 
37

 
163

 
163

Gross realized losses excluding OTTI
(51
)
 
(16
)
 
(97
)
 
(68
)
Total fixed maturities
18

 
17

 
49

 
84

Equity securities:
 
 
 
 
 
 
 
OTTI on equity securities
—

 
—

 
(7
)
 
(1
)
Gross realized gains excluding OTTI
4

 
8

 
8

 
18

Gross realized losses excluding OTTI
(60
)
 
(1
)
 
(61
)
 
(4
)
Total equity securities
(56
)
 
7

 
(60
)
 
13

OTTI on other investments
—

 
—

 
(3
)
 
(2
)
Foreign exchange gains (losses)
(19
)
 
(26
)
 
(42
)
 
45

Investment and embedded derivative instruments
(13
)
 
4

 
(53
)
 
62

Fair value adjustments on insurance derivative
(80
)
 
134

 
(126
)
 
563

S&P put options and futures
(15
)
 
(95
)
 
(106
)
 
(413
)
Other derivative instruments
45

 
(1
)
 
52

 
(2
)
Other
—

 
—

 
(8
)
 
—

Net realized gains (losses)
$
(120
)
 
$
40

 
$
(297
)
 
$
350
Schedule Of Roll-Forward Of Pre-Tax Credit Losses Related To Fixed Maturities For Which A Portion Of OTTI Was Recognized In OCI
 
Three Months Ended
 
 
Nine Months Ended
 
 
September 30
 
 
September 30
 
(in millions of U.S. dollars)
2014

 
2013

 
2014

 
2013

Balance of credit losses related to securities still held – beginning of period
$
24

 
$
40

 
$
37

 
$
43

Additions where no OTTI was previously recorded
2

 
1

 
9

 
5

Additions where an OTTI was previously recorded
2

 
—

 
5

 
3

Reductions for securities sold during the period
(11
)
 
(3
)
 
(34
)
 
(13
)
Balance of credit losses related to securities still held – end of period
$
17

 
$
38

 
$
17

 
$
38
Schedule Of Aggregate Fair Value And Gross Unrealized Loss By Length Of Time The Security Has Continuously Been In An Unrealized Loss Position
 
0 – 12 Months
 
 
Over 12 Months
 
 
Total
 
September 30, 2014
Fair Value

 
Gross
Unrealized
Loss

 
Fair Value

 
Gross
Unrealized
Loss

 
Fair Value

 
Gross
Unrealized
Loss

(in millions of U.S. dollars)
 
 
 
 
 
U.S. Treasury and agency
$
439

 
$
(2
)
 
$
943

 
$
(20
)
 
$
1,382

 
$
(22
)
Foreign
2,420

 
(34
)
 
916

 
(19
)
 
3,336

 
(53
)
Corporate securities
4,943

 
(72
)
 
854

 
(25
)
 
5,797

 
(97
)
Mortgage-backed securities
2,206

 
(11
)
 
2,050

 
(64
)
 
4,256

 
(75
)
States, municipalities, and political subdivisions
311

 
(1
)
 
673

 
(8
)
 
984

 
(9
)
Total fixed maturities
10,319

 
(120
)
 
5,436

 
(136
)
 
15,755

 
(256
)
Equity securities
67

 
(5
)
 
—

 
—

 
67

 
(5
)
Other investments
78

 
(3
)
 
—

 
—

 
78

 
(3
)
Total
$
10,464

 
$
(128
)
 
$
5,436

 
$
(136
)
 
$
15,900

 
$
(264
)
 
 
0 – 12 Months
 
 
Over 12 Months
 
 
Total
 
December 31, 2013
Fair Value

 
Gross
Unrealized
Loss

 
Fair Value

 
Gross
Unrealized
Loss

 
Fair Value

 
Gross
Unrealized
Loss

(in millions of U.S. dollars)
 
 
 
 
 
U.S. Treasury and agency
$
1,794

 
$
(57
)
 
$
31

 
$
(6
)
 
$
1,825

 
$
(63
)
Foreign
4,621

 
(114
)
 
201

 
(8
)
 
4,822

 
(122
)
Corporate securities
3,836

 
(118
)
 
194

 
(14
)
 
4,030

 
(132
)
Mortgage-backed securities
5,248

 
(197
)
 
384

 
(31
)
 
5,632

 
(228
)
States, municipalities, and political subdivisions
2,164

 
(90
)
 
84

 
(4
)
 
2,248

 
(94
)
Total fixed maturities
17,663

 
(576
)
 
894

 
(63
)
 
18,557

 
(639
)
Equity securities
498

 
(67
)
 
—

 
—

 
498

 
(67
)
Other investments
67

 
(9
)
 
—

 
—

 
67

 
(9
)
Total
$
18,228

 
$
(652
)
 
$
894

 
$
(63
)
 
$
19,122

 
$
(715
)
Schedule Of Components Of Restricted Assets
 
September 30

 
December 31

(in millions of U.S. dollars)
2014

 
2013

Trust funds
$
10,497

 
$
11,315

Deposits with non-U.S. regulatory authorities
2,014

 
1,970

Assets pledged under repurchase agreements
1,454

 
1,435

Deposits with U.S. regulatory authorities
1,324

 
1,334

Other pledged assets
435

 
391

 
$
15,724

 
$
16,445