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Investments (Tables) | 9 Months Ended
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Sep. 30, 2011
Available For Sale In Consolidated Investment Portfolio |
|  | September 30, 2011 |
In millions |  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |  |  | Other-Than- Temporary Impairments(1) |
Fixed-maturity investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Taxable bonds: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and government agency |  | $ | 825 |  |  | $ | 59 |  |  | $ | - |  |  | $ | 884 |  |  | $ | - |
Foreign governments |  |  | 354 |  |  |  | 22 |  |  |  | - |  |  |  | 376 |  |  |  | - |
Corporate obligations |  |  | 1,895 |  |  |  | 54 |  |  |  | (109) |  |  |  | 1,840 |  |  |  | - |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed agency |  |  | 1,322 |  |  |  | 56 |  |  |  | - |  |  |  | 1,378 |  |  |  | - |
Residential mortgage-backed non-agency |  |  | 387 |  |  |  | 44 |  |  |  | (85) |  |  |  | 346 |  |  |  | (127) |
Commercial mortgage-backed |  |  | 63 |  |  |  | 1 |  |  |  | (8) |  |  |  | 56 |  |  |  |  |
Asset-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateralized debt obligations |  |  | 271 |  |  |  | - |  |  |  | (123) |  |  |  | 148 |  |  |  | (70) |
Other asset-backed |  |  | 595 |  |  |  | 2 |  |  |  | (148) |  |  |  | 449 |  |  |  | - |
State and municipal bonds |  |  | 804 |  |  |  | 55 |  |  |  | (11) |  |  |  | 848 |  |  |  | - |
Total taxable bonds |  |  | 6,516 |  |  |  | 293 |  |  |  | (484) |  |  |  | 6,325 |  |  |  | (197) |
Tax-exempt bonds: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State and municipal bonds |  |  | 2,771 |  |  |  | 80 |  |  |  | (10) |  |  |  | 2,841 |  |  |  | - |
Total tax-exempt bonds |  |  | 2,771 |  |  |  | 80 |  |  |  | (10) |  |  |  | 2,841 |  |  |  | - |
Total fixed-maturity investments |  |  | 9,287 |  |  |  | 373 |  |  |  | (494) |  |  |  | 9,166 |  |  |  | (197) |
Other investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Perpetual preferred securities |  |  | 178 |  |  |  | - |  |  |  | (31) |  |  |  | 147 |  |  |  | - |
Other investments |  |  | 26 |  |  |  | 2 |  |  |  | - |  |  |  | 28 |  |  |  | - |
Money market securities |  |  | 689 |  |  |  | - |  |  |  | - |  |  |  | 689 |  |  |  | - |
Total other investments |  |  | 893 |  |  |  | 2 |  |  |  | (31) |  |  |  | 864 |  |  |  | - |
Assets of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate obligations |  |  | 2 |  |  |  | - |  |  |  | - |  |  |  | 2 |  |  |  | - |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed non-agency |  |  | 124 |  |  |  | - |  |  |  | (28) |  |  |  | 96 |  |  |  | - |
Asset-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateralized debt obligations |  |  | 185 |  |  |  | - |  |  |  | (14) |  |  |  | 171 |  |  |  | - |
Other asset-backed |  |  | 45 |  |  |  | - |  |  |  | - |  |  |  | 45 |  |  |  | - |
Other investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market securities |  |  | 218 |  |  |  | - |  |  |  | - |  |  |  | 218 |  |  |  | - |
Total available-for-sale investments |  | $ | 10,754 |  |  | $ | 375 |  |  | $ | (567) |  |  | $ | 10,562 |  |  | $ | (197) |
(1) | - Represents the amount of other-than-temporary losses recognized in accumulated other comprehensive income (loss) since the adoption of the accounting guidance for other-than-temporary impairments.
|  | December 31, 2010 |
In millions |  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |  |  | Other-Than- Temporary Impairments (1) |
Fixed-maturity investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Taxable bonds: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and government agency |  | $ | 1,055 |  |  | $ | 12 |  |  | $ | (3) |  |  | $ | 1,064 |  |  | $ | - |
Foreign governments |  |  | 451 |  |  |  | 19 |  |  |  | (1) |  |  |  | 469 |  |  |  | - |
Corporate obligations |  |  | 2,922 |  |  |  | 49 |  |  |  | (127) |  |  |  | 2,844 |  |  |  | - |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed agency |  |  | 1,537 |  |  |  | 39 |  |  |  | (13) |  |  |  | 1,563 |  |  |  | - |
Residential mortgage-backed non-agency |  |  | 627 |  |  |  | 36 |  |  |  | (180) |  |  |  | 483 |  |  |  | (155) |
Commercial mortgage-backed |  |  | 199 |  |  |  | 24 |  |  |  | (19) |  |  |  | 204 |  |  |  | - |
Asset-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateralized debt obligations |  |  | 472 |  |  |  | 1 |  |  |  | (180) |  |  |  | 293 |  |  |  | (86) |
Other asset-backed |  |  | 732 |  |  |  | 1 |  |  |  | (112) |  |  |  | 621 |  |  |  | - |
State and municipal bonds |  |  | 797 |  |  |  | 7 |  |  |  | (52) |  |  |  | 752 |  |  |  | - |
Total taxable bonds |  |  | 8,792 |  |  |  | 188 |  |  |  | (687) |  |  |  | 8,293 |  |  |  | (241) |
Tax-exempt bonds: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State and municipal bonds |  |  | 2,907 |  |  |  | 19 |  |  |  | (104) |  |  |  | 2,822 |  |  |  | - |
Total tax-exempt bonds |  |  | 2,907 |  |  |  | 19 |  |  |  | (104) |  |  |  | 2,822 |  |  |  | - |
Total fixed-maturity investments |  |  | 11,699 |  |  |  | 207 |  |  |  | (791) |  |  |  | 11,115 |  |  |  | (241) |
Other investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Perpetual preferred securities |  |  | 195 |  |  |  | 8 |  |  |  | (12) |  |  |  | 191 |  |  |  | - |
Other investments |  |  | 38 |  |  |  | 3 |  |  |  | - |  |  |  | 41 |  |  |  | - |
Money market securities |  |  | 552 |  |  |  | - |  |  |  | - |  |  |  | 552 |  |  |  | - |
Total other investments |  |  | 785 |  |  |  | 11 |  |  |  | (12) |  |  |  | 784 |  |  |  | - |
Assets of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateralized debt obligations |  |  | 91 |  |  |  | - |  |  |  | (1) |  |  |  | 90 |  |  |  | - |
Other asset-backed |  |  | 98 |  |  |  | 2 |  |  |  | - |  |  |  | 100 |  |  |  | - |
Other investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market securities |  |  | 149 |  |  |  | - |  |  |  | - |  |  |  | 149 |  |  |  | - |
Total available-for-sale investments |  | $ | 12,822 |  |  | $ | 220 |  |  | $ | (804) |  |  | $ | 12,238 |  |  | $ | (241) |
(1) - Represents the amount of other-than-temporary losses recognized in accumulated other comprehensive income (loss) since the adoption of the accounting guidance for other-than-temporary impairments.
Available For Sale Securities In Continuous Unrealized Loss Position |
|  | September 30, 2011 |
|  | Less than 12 Months |  |  | 12 Months or Longer |  |  | Total |
In millions |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
Fixed-maturity investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Taxable bonds: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and government agency |  | $ | 16 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 16 |  |  | $ | - |
Foreign governments |  |  | 31 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 31 |  |  |  | - |
Corporate obligations |  |  | 277 |  |  |  | (8) |  |  |  | 497 |  |  |  | (101) |  |  |  | 774 |  |  |  | (109) |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed agency |  |  | 22 |  |  |  | - |  |  |  | 51 |  |  |  | - |  |  |  | 73 |  |  |  | - |
Residential mortgage-backed non-agency |  |  | 57 |  |  |  | (5) |  |  |  | 181 |  |  |  | (80) |  |  |  | 238 |  |  |  | (85) |
Commercial mortgage-backed |  |  | 18 |  |  |  | (2) |  |  |  | 24 |  |  |  | (6) |  |  |  | 42 |  |  |  | (8) |
Asset-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateralized debt obligations |  |  | 14 |  |  |  | (2) |  |  |  | 130 |  |  |  | (121) |  |  |  | 144 |  |  |  | (123) |
Other asset-backed |  |  | 82 |  |  |  | (12) |  |  |  | 318 |  |  |  | (136) |  |  |  | 400 |  |  |  | (148) |
State and municipal bonds |  |  | - |  |  |  | - |  |  |  | 79 |  |  |  | (11) |  |  |  | 79 |  |  |  | (11) |
Total taxable bonds |  |  | 517 |  |  |  | (29) |  |  |  | 1,280 |  |  |  | (455) |  |  |  | 1,797 |  |  |  | (484) |
Tax-exempt bonds: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State and municipal bonds |  |  | 182 |  |  |  | (3) |  |  |  | 162 |  |  |  | (7) |  |  |  | 344 |  |  |  | (10) |
Total tax-exempt bonds |  |  | 182 |  |  |  | (3) |  |  |  | 162 |  |  |  | (7) |  |  |  | 344 |  |  |  | (10) |
Total fixed-maturity investments |  |  | 699 |  |  |  | (32) |  |  |  | 1,442 |  |  |  | (462) |  |  |  | 2,141 |  |  |  | (494) |
Other investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Perpetual preferred securities |  |  | 49 |  |  |  | (4) |  |  |  | 83 |  |  |  | (27) |  |  |  | 132 |  |  |  | (31) |
Total other investments |  |  | 49 |  |  |  | (4) |  |  |  | 83 |  |  |  | (27) |  |  |  | 132 |  |  |  | (31) |
Assets of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed non-agency |  |  | 4 |  |  |  | - |  |  |  | 93 |  |  |  | (28) |  |  |  | 97 |  |  |  | (28) |
Asset-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateralized debt obligations |  |  | 69 |  |  |  | (1) |  |  |  | 102 |  |  |  | (13) |  |  |  | 171 |  |  |  | (14) |
Other asset-backed |  |  | 8 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 8 |  |  |  | - |
Total |  | $ | 829 |  |  | $ | (37) |  |  | $ | 1,720 |  |  | $ | (530) |  |  | $ | 2,549 |  |  | $ | (567) |
|  | December 31, 2010 |
|  | Less than 12 Months |  |  | 12 Months or Longer |  |  | Total |
In millions |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
Fixed-maturity investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Taxable bonds: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and government agency |  | $ | 370 |  |  | $ | (3) |  |  | $ | - |  |  | $ | - |  |  | $ | 370 |  |  | $ | (3) |
Foreign governments |  |  | 33 |  |  |  | (1) |  |  |  | - |  |  |  | - |  |  |  | 33 |  |  |  | (1) |
Corporate obligations |  |  | 685 |  |  |  | (13) |  |  |  | 725 |  |  |  | (114) |  |  |  | 1,410 |  |  |  | (127) |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage-backed agency |  |  | 785 |  |  |  | (11) |  |  |  | 59 |  |  |  | (2) |  |  |  | 844 |  |  |  | (13) |
Residential mortgage-backed non-agency |  |  | 51 |  |  |  | (2) |  |  |  | 336 |  |  |  | (178) |  |  |  | 387 |  |  |  | (180) |
Commercial mortgage-backed |  |  | 11 |  |  |  | - |  |  |  | 85 |  |  |  | (19) |  |  |  | 96 |  |  |  | (19) |
Asset-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateralized debt obligations |  |  | 3 |  |  |  | - |  |  |  | 278 |  |  |  | (180) |  |  |  | 281 |  |  |  | (180) |
Other asset-backed |  |  | 61 |  |  |  | (2) |  |  |  | 480 |  |  |  | (110) |  |  |  | 541 |  |  |  | (112) |
State and municipal bonds |  |  | 437 |  |  |  | (26) |  |  |  | 135 |  |  |  | (26) |  |  |  | 572 |  |  |  | (52) |
Total taxable bonds |  |  | 2,436 |  |  |  | (58) |  |  |  | 2,098 |  |  |  | (629) |  |  |  | 4,534 |  |  |  | (687) |
Tax-exempt bonds: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State and municipal bonds |  |  | 2,002 |  |  |  | (83) |  |  |  | 181 |  |  |  | (21) |  |  |  | 2,183 |  |  |  | (104) |
Total tax-exempt bonds |  |  | 2,002 |  |  |  | (83) |  |  |  | 181 |  |  |  | (21) |  |  |  | 2,183 |  |  |  | (104) |
Total fixed-maturity investments |  |  | 4,438 |  |  |  | (141) |  |  |  | 2,279 |  |  |  | (650) |  |  |  | 6,717 |  |  |  | (791) |
Other investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Perpetual preferred securities |  |  | 20 |  |  |  | - |  |  |  | 140 |  |  |  | (12) |  |  |  | 160 |  |  |  | (12) |
Other investments |  |  | 3 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3 |  |  |  | - |
Total other investments |  |  | 23 |  |  |  | - |  |  |  | 140 |  |  |  | (12) |  |  |  | 163 |  |  |  | (12) |
Assets of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateralized debt obligations |  |  | 62 |  |  |  | (1) |  |  |  | 5 |  |  |  | - |  |  |  | 67 |  |  |  | (1) |
Other asset-backed |  |  | 7 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7 |  |  |  | - |
Total |  | $ | 4,530 |  |  | $ | (142) |  |  | $ | 2,424 |  |  | $ | (662) |  |  | $ | 6,954 |  |  | $ | (804) |
Fair Values And Gross Unrealized Losses By Credit Rating Category Of Asset Backed Securities |
In millions |  | Aaa |  |  | Aa |  |  | A |  |  | Baa |  |  | Below Investment Grade |  |  | Not Rated |  |  | Total |
Asset-backed Sector |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |
ABS CDO |  | $ | 74 |  |  | $ | (1) |  |  | $ | 5 |  |  | $ | - |  |  | $ | 7 |  |  | $ | (2) |  |  | $ | 1 |  |  | $ | (3) |  |  | $ | 29 |  |  | $ | (55) |  |  | $ | - |  |  | $ | - |  |  | $ | 116 |  |  | $ | (61) |
Corporate CDO |  |  | 48 |  |  |  | (7) |  |  |  | 13 |  |  |  | (1) |  |  |  | 69 |  |  |  | (10) |  |  |  | 21 |  |  |  | (9) |  |  |  | 61 |  |  |  | (59) |  |  |  | 24 |  |  |  | (4) |  |  |  | 236 |  |  |  | (90) |
Auto loans |  |  | - |  |  |  | - |  |  |  | 2 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 13 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 15 |  |  |  | - |
Credit cards |  |  | 3 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3 |  |  |  | - |
Equipment leases |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 29 |  |  |  | (3) |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 30 |  |  |  | (3) |
Small business/ student loans |  |  | 18 |  |  |  | (3) |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 12 |  |  |  | (1) |  |  |  | - |  |  |  | - |  |  |  | 30 |  |  |  | (4) |
Other ABS |  |  | 12 |  |  |  | - |  |  |  | 32 |  |  |  | (4) |  |  |  | 58 |  |  |  | (11) |  |  |  | 43 |  |  |  | (6) |  |  |  | 115 |  |  |  | (9) |  |  |  | 33 |  |  |  | (97) |  |  |  | 293 |  |  |  | (127) |
Total |  | $ | 156 |  |  | $ | (11) |  |  | $ | 52 |  |  | $ | (5) |  |  | $ | 134 |  |  | $ | (23) |  |  | $ | 94 |  |  | $ | (21) |  |  | $ | 230 |  |  | $ | (124) |  |  | $ | 57 |  |  | $ | (101) |  |  | $ | 723 |  |  | $ | (285) |
Fair Values And Gross Unrealized Losses By Credit Rating Category Of Mortgage Backed Securities |
In millions |  | Aaa |  |  | Aa |  |  | A |  |  | Baa |  |  | Below Investment Grade |  |  | Not Rated |  |  | Total |
Mortgage-backed Securities |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |
RMBS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateralized |  | $ | 66 |  |  | $ | (1) |  |  | $ | 45 |  |  | $ | (10) |  |  | $ | 10 |  |  | $ | (1) |  |  | $ | 2 |  |  | $ | - |  |  | $ | 51 |  |  | $ | (26) |  |  | $ | - |  |  | $ | - |  |  | $ | 174 |  |  | $ | (38) |
Home equity |  |  | 3 |  |  |  | - |  |  |  | 81 |  |  |  | (25) |  |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 87 |  |  |  | (43) |  |  |  | 23 |  |  |  | - |  |  |  | 195 |  |  |  | (68) |
Pass-through securities |  |  | 22 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 22 |  |  |  | - |
Other |  |  | - |  |  |  | - |  |  |  | 17 |  |  |  | (4) |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 8 |  |  |  | (4) |  |  |  | - |  |  |  | - |  |  |  | 25 |  |  |  | (8) |
CMBS |  |  | 2 |  |  |  | - |  |  |  | 1 |  |  |  | - |  |  |  | 4 |  |  |  | - |  |  |  | 25 |  |  |  | (6) |  |  |  | 2 |  |  |  | (1) |  |  |  | - |  |  |  | - |  |  |  | 34 |  |  |  | (7) |
Total |  | $ | 93 |  |  | $ | (1) |  |  | $ | 144 |  |  | $ | (39) |  |  | $ | 15 |  |  | $ | (1) |  |  | $ | 27 |  |  | $ | (6) |  |  | $ | 148 |  |  | $ | (74) |  |  | $ | 23 |  |  | $ | - |  |  | $ | 450 |  |  | $ | (121) |
Fair Values And Gross Unrealized Losses By Credit Rating Category Of Corporate Obligations |
In millions |  | Aaa |  |  | Aa |  |  | A |  |  | Baa |  |  | Below Investment Grade |  |  | Not Rated |  |  | Total |
|  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |
Corporate Obligations |  | $ | 70 |  |  | $ | - |  |  | $ | 156 |  |  | $ | (26 | ) |  | $ | 189 |  |  | $ | (26 | ) |  | $ | 232 |  |  | $ | (27 | ) |  | $ | 104 |  |  | $ | (24 | ) |  | $ | 23 |  |  | $ | (6 | ) |  | $ | 774 |  |  | $ | (109 | )
Held To Maturity Securities In Continuous Unrealized Loss Position |
|  | September 30, 2011 |
|  | Less than 12 Months |  |  | 12 Months or Longer |  |  | Total |
In millions |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
Assets of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other asset-backed securities |  | $ | 283 |  |  | $ | (31 | ) |  | $ | 2,872 |  |  | $ | (363 | ) |  | $ | 3,155 |  |  | $ | (394 | )
Total |  | $ | 283 |  |  | $ | (31 | ) |  | $ | 2,872 |  |  | $ | (363 | ) |  | $ | 3,155 |  |  | $ | (394 | )
|  | December 31, 2010 |
|  | Less than 12 Months |  |  | 12 Months or Longer |  |  | Total |
In millions |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
Assets of consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other asset-backed securities |  | $ | - |  |  | $ | - |  |  | $ | 3,760 |  |  | $ | (279 | ) |  | $ | 3,760 |  |  | $ | (279 | )
Total |  | $ | - |  |  | $ | - |  |  | $ | 3,760 |  |  | $ | (279 | ) |  | $ | 3,760 |  |  | $ | (279 | )
Investment Securities, Unrealized Loss Position For Longer Than 12 Months Whose Book Value Exceeded Market Value By More Than 5% |
Percentage Book Value Exceeded Market Value |  | Number of Securities |  |  | Book Value (in millions) |  |  | Fair Value (in millions) |
5% to 15% |  |  | 52 |  |  | $ | 2,358 |  |  | $ | 2,136 |
16% to 25% |  |  | 51 |  |  |  | 1,096 |  |  |  | 860 |
26% to 50% |  |  | 79 |  |  |  | 556 |  |  |  | 370 |
Greater than 50% |  |  | 33 |  |  |  | 245 |  |  |  | 60 |
Total |  |  | 215 |  |  | $ | 4,255 |  |  | $ | 3,426 |
Securities Held In Unrealized Loss Position And Insured By Financial Guarantor And The Related Insurance Loss Reserve On Company Insured Investments |
In millions |  | Fair Value |  |  | Unrealized Loss |  |  | Insurance Loss Reserve (2) |
Asset-backed: |  |  |  |  |  |  |  |  |  |  |  |
MBIA(1) |  | $ | 323 |  |  | $ | (80 | ) |  | $ | 22 |
Other |  |  | 119 |  |  |  | (24 | ) |  |  | - |
Total asset-backed |  |  | 442 |  |  |  | (104 | ) |  |  | 22 |
Mortgage-backed: |  |  |  |  |  |  |  |  |  |  |  |
MBIA(1) |  |  | 18 |  |  |  | (5 | ) |  |  | 1 |
Other |  |  | 259 |  |  |  | (97 | ) |  |  | - |
Total mortgage-backed |  |  | 277 |  |  |  | (102 | ) |  |  | 1 |
Corporate obligations: |  |  |  |  |  |  |  |  |  |  |  |
MBIA(1) |  |  | 135 |  |  |  | (19 | ) |  |  | - |
Other |  |  | 54 |  |  |  | (13 | ) |  |  | - |
Total corporate obligations |  |  | 189 |  |  |  | (32 | ) |  |  | - |
Other: |  |  |  |  |  |  |  |  |  |  |  |
MBIA(1) |  |  | 155 |  |  |  | (14 | ) |  |  | - |
Other |  |  | 86 |  |  |  | (3 | ) |  |  | - |
Total other |  |  | 241 |  |  |  | (17 | ) |  |  | - |
Total |  | $ | 1,149 |  |  | $ | (255 | ) |  | $ | 23 |
(1) | - Includes investments insured by MBIA Corp. and National.
(2) | - Insurance loss reserve estimates are based on the proportion of par value owned to the total amount of par value insured.
Held To Maturity [Member] |
Distribution Of Investments By Contractual Maturity |
|  |  |  |  |  |  |  | Consolidated VIEs |
In millions |  | Amortized Cost |  |  | Fair Value |  |  | Amortized Cost |  |  | Fair Value |
Due in one year or less |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Due after one year through five years(1) |  |  | 1 |  |  |  | 1 |  |  |  | - |  |  |  | - |
Due after five years through ten years |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Due after ten years through fifteen years |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Due after fifteen years |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Mortgage-backed |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Asset-backed |  |  | - |  |  |  | - |  |  |  | 3,886 |  |  |  | 3,492 |
Total held-to-maturity investments |  | $ | 1 |  |  | $ | 1 |  |  | $ | 3,886 |  |  | $ | 3,492 |
(1) - Relates to tax credit investments reported in "Other investments" on the Company's consolidated balance sheets.
Available For Sale [Member] |
Distribution Of Investments By Contractual Maturity |
|  |  |  |  |  |  |  | Consolidated VIEs |
In millions |  | Amortized Cost |  |  | Fair Value |  |  | Amortized Cost |  |  | Fair Value |
Due in one year or less |  | $ | 721 |  |  | $ | 723 |  |  | $ | - |  |  | $ | - |
Due after one year through five years |  |  | 1,147 |  |  |  | 1,170 |  |  |  | 2 |  |  |  | 2 |
Due after five years through ten years |  |  | 1,014 |  |  |  | 1,052 |  |  |  | - |  |  |  | - |
Due after ten years through fifteen years |  |  | 826 |  |  |  | 846 |  |  |  | - |  |  |  | - |
Due after fifteen years |  |  | 2,941 |  |  |  | 2,998 |  |  |  | - |  |  |  | - |
Mortgage-backed |  |  | 1,772 |  |  |  | 1,780 |  |  |  | 124 |  |  |  | 96 |
Asset-backed |  |  | 866 |  |  |  | 597 |  |  |  | 230 |  |  |  | 216 |
Total fixed-maturity investments |  | $ | 9,287 |  |  | $ | 9,166 |  |  | $ | 356 |  |  | $ | 314 |

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