Commitments, contingencies, and guarantees (Tables)

6 Months Ended

Jun. 30, 2012

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

			June 30, 2012					December 31, 2011
	Consolidated Balance Sheet Location		Fair Value			Notional Value/ Payment Provision		Fair Value			Notional Value/ Payment Provision
			(in millions of U.S. dollars)
Investment and embedded derivative instruments
Foreign currency forward contracts		AP	$	(4	)	$	771	$	7		$	674
Cross-currency swaps		AP		—			50		—			—
Futures contracts on money market instruments		AP		3			2,077		7			10,476
Futures contracts on notes and bonds		AP		(3	)		802		(4	)		1,055
Options on money market instruments		AP		—			3,030		—			292
Convertible bonds		FM AFS		381			364		357			353
TBAs		FM AFS		34			32		60			56
			$	411		$	7,126	$	427		$	12,906
Other derivative instruments
Futures contracts on equities(1)		AP	$	(85	)	$	2,125	$	(16	)	$	1,367
Options on equity market indices(1)		AP		41			250		54			250
Credit default swaps		AP		1			50		3			350
Other		AP		—			6		—			6
			$	(43	)	$	2,431	$	41		$	1,973
GLB(2)		AP/FPB	$	(1,560	)	$	1,376	$	(1,505	)	$	1,378

⁽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 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

	Three Months Ended						Six Months Ended
	June 30						June 30
	2012			2011			2012			2011
	(in millions of U.S. dollars)
Investment and embedded derivative instruments
Foreign currency forward contracts	$	8		$	(3	)	$	1		$	(18	)
All other futures contracts and options		(45	)		(24	)		(20	)		(27	)
Convertible bonds		(12	)		(21	)		12			(22	)
TBAs		—			—			—			(1	)
Total investment and embedded derivative instruments	$	(49	)	$	(48	)	$	(7	)	$	(68	)
GLB and other derivative instruments
GLB(1)	$	(467	)	$	(70	)	$	(39	)	$	1
Futures contracts on equities(2)		65			—			(148	)		(63	)
Options on equity market indices(2)		5			3			(13	)		(5	)
Credit default swaps		1			(2	)		(4	)		(3	)
Total GLB and other derivative instruments	$	(396	)	$	(69	)	$	(204	)	$	(70	)
	$	(445	)	$	(117	)	$	(211	)	$	(138	)

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

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