|  |  |  |  | December 31, 2013 |  | December 31, 2012 | 
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 
|  |  |  |  | Amortized |  | Fair |  | Amortized |  | Fair | 
|  |  |  |  | Cost |  | Value |  | Cost |  | Value | 
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 
|  |  |  |  | (in millions) | 
| Short-term investments and cash equivalents |  | $ | 697 |  | $ | 697 |  | $ | 938 |  | $ | 938 | 
| Fixed maturities: |  |  |  |  |  |  |  |  |  |  |  |  | 
|  | Corporate securities |  |  | 12,109 |  |  | 12,616 |  |  | 11,076 |  |  | 12,107 | 
|  | Commercial mortgage-backed securities |  |  | 2,417 |  |  | 2,441 |  |  | 2,096 |  |  | 2,229 | 
|  | Residential mortgage-backed securities(1) |  |  | 1,857 |  |  | 1,830 |  |  | 1,965 |  |  | 2,026 | 
|  | Asset-backed securities(2) |  |  | 1,096 |  |  | 1,107 |  |  | 1,179 |  |  | 1,116 | 
|  | Foreign government bonds |  |  | 579 |  |  | 596 |  |  | 683 |  |  | 708 | 
|  | U.S. government authorities and agencies and obligations of U.S. states |  |  | 303 |  |  | 341 |  |  | 369 |  |  | 426 | 
| Total fixed maturities |  |  | 18,361 |  |  | 18,931 |  |  | 17,368 |  |  | 18,612 | 
| Equity securities |  |  | 913 |  |  | 1,199 |  |  | 943 |  |  | 1,040 | 
| Total trading account assets supporting insurance liabilities |  | $ | 19,971 |  | $ | 20,827 |  | $ | 19,249 |  | $ | 20,590 |