(for the year ended December 31, in millions) |
2013 | 2012 | 2011 | |||||||
---|---|---|---|---|---|---|---|---|---|---|
Gross investment income |
||||||||||
Fixed maturities |
$ | 2,310 | $ | 2,439 | $ | 2,543 | ||||
Equity securities |
31 | 28 | 29 | |||||||
Short-term securities |
11 | 10 | 12 | |||||||
Real estate |
37 | 34 | 34 | |||||||
Other investments |
364 | 414 | 292 | |||||||
Gross investment income |
2,753 | 2,925 | 2,910 | |||||||
Investment expenses |
37 | 36 | 31 | |||||||
Net investment income |
$ | 2,716 | $ | 2,889 | $ | 2,879 | ||||