|
(at and for the year ended December 31, in millions) |
2013 | 2012 | 2011 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Changes in net unrealized investment gains |
||||||||||
|
Fixed maturities |
$ | (2,804 | ) | $ | 326 | $ | 1,588 | |||
|
Equity securities |
74 | 38 | (2 | ) | ||||||
|
Other investments |
(1 | ) | (2 | ) | (14 | ) | ||||
|
Change in net pretax unrealized gains on investment securities |
(2,731 | ) | 362 | 1,572 | ||||||
|
Related tax expense (benefit) |
(950 | ) | 130 | 560 | ||||||
|
Change in net unrealized gains on investment securities |
(1,781 | ) | 232 | 1,012 | ||||||
|
Balance, beginning of year |
3,103 | 2,871 | 1,859 | |||||||
|
Balance, end of year |
$ | 1,322 | $ | 3,103 | $ | 2,871 | ||||