Commitments, Contingencies, And Guarantees (Tables)

12 Months Ended

Dec. 31, 2011

Commitments, Contingencies, And Guarantees [Abstract]

Balance Sheet Locations, Fair Values In An Asset Or (Liability) Position, And Notional Values/Payment Provisions Of Derivative Instruments

			December 31 2011					December 31 2010
(in millions of U.S. dollars)	Consolidated Balance Sheet Location		Fair Value			Notional Value/ Payment Provision		Fair Value			Notional Value/ Payment Provision
Investment and embedded derivative instruments
Foreign currency forward contracts		AP	$	7		$	674	$	3		$	729
Futures contracts on money market instruments		AP		7			10,476		3			4,297
Futures contracts on notes and bonds		AP		(4	)		1,055		5			676
Options on money market instruments		AP		–			292		–			1
Convertible bonds		FM AFS		357			353		416			382
TBAs		FM AFS		60			56		101			98
			$	427		$	12,906	$	528		$	6,183
Other derivative instruments
Futures contracts on equities(1)		AP	$	(16	)	$	1,367	$	(25	)	$	1,069
Options on equity market indices(1)		AP		54			250		46			250
Credit default swaps		AP		3			350		4			350
Other		AP		–			6		–			17
			$	41		$	1,973	$	25		$	1,686
GLB(2)		AP/FPB	$	(1,505	)	$	1,378	$	(648	)	$	649

⁽¹⁾ Related to GMDB and GLB blocks of business.

⁽²⁾ Includes both future policy benefits reserves and fair value derivative adjustment. Refer to Note 5 c) for additional information. Note that the payment provision related to GLB is the net amount at risk. The concept of a notional value does not apply to the GLB reinsurance contracts.

Net Realized Gains (Losses) Of Derivative Instrument Activity In Consolidated Statement Of Operations

	Years Ended December 31
(in millions of U.S. dollars)	2011			2010
Investment and embedded derivative instruments
Foreign currency forward contracts	$	6		$	21
All other futures contracts and options		(98	)		29
Convertible bonds		(50	)		7
TBAs		(1	)		1
Total investment and embedded derivative instruments	$	(143	)	$	58
GLB and other derivative instruments
GLB(1)	$	(779	)	$	(28	)
Futures contracts on equities(2)		(12	)		(140	)
Options on equity market indices(2)		8			(10	)
Interest rate swaps		–			(21	)
Credit default swaps		(4	)		1
Other		–			1
Total GLB and other derivative instruments	$	(787	)	$	(197	)
	$	(930	)	$	(139	)

⁽¹⁾ Excludes foreign exchange gains (losses) related to GLB.

⁽²⁾ Related to GMDB and GLB blocks of business.

Future Minimum Lease Payments

For the year ending December 31 (in millions of U.S. dollars)
2012	$	93
2013		72
2014		60
2015		54
2016		52
Thereafter		166
Total minimum future lease commitments	$	497