|
(at December 31, in millions) |
2013 | 2012 | |||||
|---|---|---|---|---|---|---|---|
|
Deferred tax assets |
|||||||
|
Claims and claim adjustment expense reserves |
$ | 825 | $ | 888 | |||
|
Unearned premium reserves |
693 | 689 | |||||
|
Other |
621 | 741 | |||||
|
Total gross deferred tax assets |
2,139 | 2,318 | |||||
|
Deferred tax liabilities |
|||||||
|
Deferred acquisition costs |
554 | 590 | |||||
|
Investments |
931 | 1,800 | |||||
|
Internally developed software |
138 | 134 | |||||
|
Other |
213 | 132 | |||||
|
Total gross deferred tax liabilities |
1,836 | 2,656 | |||||
|
Total deferred tax asset (liability) |
$ | 303 | $ | (338 | ) | ||