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Schedule II - Condensed Financial Information, Credit Facility (Details) (USD $)
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3 Months Ended |
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Mar. 31, 2015
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| Line of Credit Facility [Line Items] |
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| Short-term and Long-term Debt Outstanding |
$ 6,100,000,000 |
| Revolving Credit And Letter Of Credit Facility [Member] |
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| Line of Credit Facility [Line Items] |
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| Line of Credit Facility, Expiration Date |
Dec. 12, 2019 |
| Line of Credit Facility, Term of Agreement |
5 years |
| Line of Credit Facility, Maximum Borrowing Capacity |
1,500,000,000 |
| Line of Credit Facility, Number of Participating Banks |
16 |
| Line of Credit Facility, Optional Maximum Borrowing Capacity |
2,000,000,000 |
| Line of Credit Facility, Covenant Terms |
The credit agreement includes options subject to consent by the administrative agent and the committing banks to increase the commitment amount to $2 billion and to extend the term past December 2019. The credit agreement is available for general corporate purposes, including for the issuance of letters of credit.
The credit agreement contains customary covenants and restrictions, including a financial covenant that the Company may not permit its leverage ratio – which is total consolidated debt to total consolidated capitalization (each as defined in the credit agreement) – to be greater than 0.50. The leverage ratio calculation excludes net unrealized appreciation in fixed maturities and the portion of the post-retirement benefits liability adjustment attributable to pension as included in accumulated other comprehensive loss on the Company’s consolidated balance sheets. |
| Maximum consolidated debt-to-consolidated capitalization ratio convenant |
50.00% |
| Credit Facility Remaining Borrowing Capacity |
5,700,000,000 |
| Letter of Credit [Member] |
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| Line of Credit Facility [Line Items] |
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| Line of Credit Facility, Maximum Borrowing Capacity |
500,000,000 |
| Letters of Credit Outstanding, Amount |
$ 19,000,000 |
| Line of Credit Facility, Covenant Compliance |
The Company was in compliance with its debt covenants as of March 31, 2015. |
| Primary Commitment Holders [Member] | Revolving Credit And Letter Of Credit Facility [Member] |
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| Line of Credit Facility [Line Items] |
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| Line of Credit Facility, Number of Participating Banks |
3 |
| Line of Credit Facility, Individual Bank Percentage Committment |
12.00% |
| Minor Commitment Holders [Member] | Revolving Credit And Letter Of Credit Facility [Member] |
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| Line of Credit Facility [Line Items] |
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| Line of Credit Facility, Number of Participating Banks |
13 |
| Line of Credit Facility, Collective Bank Percentage Committment |
64.00% |