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Investments (Tables)
 6 Months Ended
Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]  
Schedule Of Amortized Cost And Fair Value Of Fixed Maturities And Related OTTI Recognized In AOCI
June 30, 2016
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
$
2,595

 
$
103

 
$
—

 
$
2,698

 
$
—

Foreign
21,633

 
916

 
(69
)
 
22,480

 
(13
)
Corporate securities
21,714

 
846

 
(125
)
 
22,435

 
(16
)
Mortgage-backed securities
12,369

 
400

 
(5
)
 
12,764

 
(1
)
States, municipalities, and political subdivisions
19,125

 
454

 
(5
)
 
19,574

 
—

 
$
77,436

 
$
2,719

 
$
(204
)
 
$
79,951

 
$
(30
)
Held to maturity
 
 
 
 
 
 
 
 
 
U.S. Treasury and agency
$
686

 
$
30

 
$
—

 
$
716

 
$
—

Foreign
730

 
44

 
(1
)
 
773

 
—

Corporate securities
2,882

 
137

 
(4
)
 
3,015

 
—

Mortgage-backed securities
1,600

 
77

 
(1
)
 
1,676

 
—

States, municipalities, and political subdivisions
5,192

 
209

 
—

 
5,401

 
—

 
$
11,090

 
$
497

 
$
(6
)
 
$
11,581

 
$
—


December 31, 2015
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
$
2,481

 
$
52

 
$
(5
)
 
$
2,528

 
$
—

Foreign
13,190

 
468

 
(213
)
 
13,445

 
(13
)
Corporate securities
15,028

 
355

 
(454
)
 
14,929

 
(28
)
Mortgage-backed securities
9,827

 
183

 
(52
)
 
9,958

 
(1
)
States, municipalities, and political subdivisions
2,623

 
110

 
(6
)
 
2,727

 
—

 
$
43,149

 
$
1,168

 
$
(730
)
 
$
43,587

 
$
(42
)
Held to maturity
 
 
 
 
 
 
 
 
 
U.S. Treasury and agency
$
733

 
$
13

 
$
(1
)
 
$
745

 
$
—

Foreign
763

 
30

 
(8
)
 
785

 
—

Corporate securities
3,054

 
57

 
(55
)
 
3,056

 
—

Mortgage-backed securities
1,707

 
38

 
(2
)
 
1,743

 
—

States, municipalities, and political subdivisions
2,173

 
52

 
(2
)
 
2,223

 
—

 
$
8,430

 
$
190

 
$
(68
)
 
$
8,552

 
$
—
Schedule Of Fixed Maturities By Contractual Maturity
 
 
 
June 30

 
 
 
December 31

 
 
 
2016

 
 
 
2015

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

 
Fair Value

 
Amortized Cost

 
Fair Value

Available for sale
 
 
 
 
 
 
 
Due in 1 year or less
$
3,485

 
$
3,501

 
$
1,856

 
$
1,865

Due after 1 year through 5 years
25,540

 
26,174

 
14,936

 
15,104

Due after 5 years through 10 years
25,905

 
26,685

 
12,258

 
12,173

Due after 10 years
10,137

 
10,827

 
4,272

 
4,487

 
65,067

 
67,187

 
33,322

 
33,629

Mortgage-backed securities
12,369

 
12,764

 
9,827

 
9,958

 
$
77,436

 
$
79,951

 
$
43,149

 
$
43,587

Held to maturity
 
 
 
 
 
 
 
Due in 1 year or less
$
368

 
$
372

 
$
492

 
$
495

Due after 1 year through 5 years
2,614

 
2,716

 
2,443

 
2,517

Due after 5 years through 10 years
2,942

 
3,063

 
2,292

 
2,313

Due after 10 years
3,566

 
3,754

 
1,496

 
1,484

 
9,490

 
9,905

 
6,723

 
6,809

Mortgage-backed securities
1,600

 
1,676

 
1,707

 
1,743

 
$
11,090

 
$
11,581

 
$
8,430

 
$
8,552
Schedule Of Cost And Fair Value Of Equity Securities

June 30


December 31

(in millions of U.S. dollars)
2016


2015

Cost
$
703

 
$
441

Gross unrealized appreciation
103

 
74

Gross unrealized depreciation
(19
)
 
(18
)
Fair value
$
787

 
$
497
Schedule Of Net Realized Gains (Losses) And The Losses Included In Net Realized Gains (Losses) And OCI
 
Three Months Ended
 
Six Months Ended
 
 
June 30
 
June 30
 
(in millions of U.S. dollars)
2016

 
2015

2016

 
2015

Fixed maturities:
 
 
 
 
 
 
OTTI on fixed maturities, gross
$
(11
)
 
$
(13
)
$
(78
)
 
$
(26
)
OTTI on fixed maturities recognized in OCI (pre-tax)
—

 
6

8

 
6

OTTI on fixed maturities, net
(11
)
 
(7
)
(70
)

(20
)
Gross realized gains excluding OTTI
37

 
28

102

 
72

Gross realized losses excluding OTTI
(19
)
 
(16
)
(215
)
 
(51
)
Total fixed maturities
7

 
5

(183
)

1

Equity securities:
 
 
 
 
 
 
OTTI on equity securities
(5
)
 
(1
)
(6
)
 
(1
)
Gross realized gains excluding OTTI
4

 
30

44

 
33

Gross realized losses excluding OTTI
(4
)
 
—

(5
)
 
(2
)
Total equity securities
(5
)
 
29

33


30

OTTI on other investments
—

 
—

(3
)
 
—

Foreign exchange gains (losses)
(22
)
 
(40
)
17

 
(71
)
Investment and embedded derivative instruments
(47
)
 
27

(86
)
 
28

Fair value adjustments on insurance derivative
(131
)
 
104

(359
)
 
59

S&P put options and futures
(28
)
 
(2
)
(43
)
 
(14
)
Other derivative instruments
—

 
(1
)
(2
)
 
(1
)
Other
10

 
4

16

 
5

Net realized gains (losses)
$
(216
)
 
$
126

$
(610
)

$
37
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
 
Six Months Ended
 
 
June 30
 
June 30
 
(in millions of U.S. dollars)
2016

 
2015

2016

 
2015

Balance of credit losses related to securities still held – beginning of period
$
57

 
$
22

$
53

 
$
28

Additions where no OTTI was previously recorded
1

 
4

12

 
7

Additions where an OTTI was previously recorded
6

 
1

12

 
2

Reductions for securities sold during the period
(13
)
 
(4
)
(26
)
 
(14
)
Balance of credit losses related to securities still held – end of period
$
51

 
$
23

$
51


$
23
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
 
June 30, 2016
Fair Value

 
Gross
Unrealized
Loss

 
Fair Value

 
Gross
Unrealized
Loss

 
Fair Value

 
Gross
Unrealized
Loss

(in millions of U.S. dollars)
 
 
 
 
 
Foreign
$
2,266

 
$
(27
)
 
$
673

 
$
(43
)
 
$
2,939

 
$
(70
)
Corporate securities
2,855

 
(61
)
 
1,047

 
(68
)
 
3,902

 
(129
)
Mortgage-backed securities
481

 
(3
)
 
414

 
(3
)
 
895

 
(6
)
States, municipalities, and political subdivisions
1,308

 
(4
)
 
60

 
(1
)
 
1,368

 
(5
)
Total fixed maturities
6,910

 
(95
)
 
2,194

 
(115
)
 
9,104

 
(210
)
Equity securities
186

 
(19
)
 
—

 
—

 
186

 
(19
)
Other investments
280

 
(27
)
 
—

 
—

 
280

 
(27
)
Total
$
7,376

 
$
(141
)
 
$
2,194

 
$
(115
)
 
$
9,570

 
$
(256
)
 
 
0 – 12 Months
 
 
Over 12 Months
 
 
Total
 
December 31, 2015
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
$
996

 
$
(5
)
 
$
153

 
$
(1
)
 
$
1,149

 
$
(6
)
Foreign
3,953

 
(148
)
 
436

 
(73
)
 
4,389

 
(221
)
Corporate securities
7,518

 
(371
)
 
738

 
(138
)
 
8,256

 
(509
)
Mortgage-backed securities
3,399

 
(42
)
 
516

 
(12
)
 
3,915

 
(54
)
States, municipalities, and political subdivisions
556

 
(6
)
 
42

 
(2
)
 
598

 
(8
)
Total fixed maturities
16,422

 
(572
)
 
1,885

 
(226
)
 
18,307

 
(798
)
Equity securities
131

 
(18
)
 
—

 
—

 
131

 
(18
)
Other investments
210

 
(11
)
 
—

 
—

 
210

 
(11
)
Total
$
16,763

 
$
(601
)
 
$
1,885

 
$
(226
)
 
$
18,648

 
$
(827
)
Schedule Of Components Of Restricted Assets
 
June 30

 
December 31

(in millions of U.S. dollars)
2016

 
2015

Trust funds
$
12,271

 
$
11,862

Deposits with non-U.S. regulatory authorities
2,340

 
2,075

Deposits with U.S. regulatory authorities
2,241

 
1,242

Assets pledged under repurchase agreements
1,457

 
1,459

Other pledged assets
409

 
392

 
$
18,718

 
$
17,030