XML 93 R51.htm IDEA: XBRL DOCUMENT v2.4.0.6
Financial Guaranty Insurance Contracts (Details 5) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Payment
Dec. 31, 2011
Sep. 30, 2012
Financial Guaranty
Jun. 30, 2012
Financial Guaranty
Dec. 31, 2011
Financial Guaranty
Sep. 30, 2011
Financial Guaranty
Jun. 30, 2011
Financial Guaranty
Dec. 31, 2010
Financial Guaranty
Sep. 30, 2012
Financial Guaranty
Total first lien
Jun. 30, 2012
Financial Guaranty
Total first lien
Dec. 31, 2011
Financial Guaranty
Total first lien
Sep. 30, 2011
Financial Guaranty
Total first lien
Jun. 30, 2011
Financial Guaranty
Total first lien
Dec. 31, 2010
Financial Guaranty
Total first lien
Sep. 30, 2012
Financial Guaranty
Second lien
Jun. 30, 2012
Financial Guaranty
Second lien
Dec. 31, 2011
Financial Guaranty
Second lien
Sep. 30, 2011
Financial Guaranty
Second lien
Jun. 30, 2011
Financial Guaranty
Second lien
Dec. 31, 2010
Financial Guaranty
Second lien
Sep. 30, 2012
Financial Guaranty
Residential, Subprime, Financing Receivable [Member]
Jun. 30, 2012
Financial Guaranty
Residential, Subprime, Financing Receivable [Member]
Dec. 31, 2011
Financial Guaranty
Residential, Subprime, Financing Receivable [Member]
Sep. 30, 2011
Financial Guaranty
Residential, Subprime, Financing Receivable [Member]
Jun. 30, 2011
Financial Guaranty
Residential, Subprime, Financing Receivable [Member]
Dec. 31, 2010
Financial Guaranty
Residential, Subprime, Financing Receivable [Member]
Sep. 30, 2012
Other
Jun. 30, 2012
Other
Dec. 31, 2011
Other
Sep. 30, 2011
Other
Jun. 30, 2011
Other
Dec. 31, 2010
Other
Sep. 30, 2012
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]
Dec. 31, 2011
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]
Reconciliation of Expected Loss to be Paid and Net Expected Loss to be Expensed                                                                    
Net Expected Loss to be Paid $ 398   $ 398 [1] $ 826 $ 638 [1] $ 773 $ 713 $ 409 $ 240 [1] $ 318 $ 430 [1] $ 590 $ 599 $ 910 $ (128) [1] $ (80) $ (111) [1] $ (119) $ (133) $ (749) $ 165 [1] $ 159 $ 140 [1] $ 197 $ 162 $ 201 $ (4) [1] $ (4) $ 2 [1] $ 2 $ 2 $ 2    
Less: net expected loss to be paid for FG VIEs 81                                                                  
Net Expected Loss to be Paid Excluding VIEs                                                                 479  
Contra-paid, net     126 [2]   73 [2]                                                       126  
FInancial Guaranty Insurance Contra Prepaid Losses related to CWALT, Net                                                                 30 [3],[4] 0 [3]
Salvage and Subrogation Recoverable Payable, Net 383 [5] 327 [5]                                                             424  
Ceded salvage and subrogation recoverable (47) [6] (41) [6]                                                             (47) [7]  
Loss and LAE reserve                                                                 (591)  
Reinsurance recoverable on unpaid losses (56) (69)                                                             55  
Total present value basis     476 [8],[9]                                                           476  
Net expected loss to be expensed related to consolidated financial guaranty VIEs $ 195                                                                  
Maximum number of payments behind to be considered performing borrower 1                                                                  
[1] Includes expected LAE to be paid for mitigating claim liabilities of $26 million as of September 30, 2012 and $36 million as of December 31, 2011.
[2] Total net unearned premium reserve excludes $226 million and $274 million related to FG VIEs as of September 30, 2012 and December 31, 2011, respectively.
[3] R&W recoveries recorded in other assets on the consolidated balance sheet.
[4] Recorded in reinsurance balances payable on the consolidated balance sheet.
[5] See “Components of Net Reserves (Salvage)” table for loss and LAE reserve and salvage and subrogation recoverable components.
[6] Recorded as a component of reinsurance balances payable.
[7] xcludes $195 million related to consolidated FG VIEs.
[8] Consolidation of FG VIEs resulted in reductions of $364 million in future scheduled net earned premium and $195 million in net expected loss to be expensed.
[9] Balances represent discounted amounts.