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Expected Losses to be Paid - Components of R&W Development (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Jun. 30, 2014
Dec. 31, 2013
Jun. 30, 2013
Dec. 31, 2012
Guarantor Obligations [Line Items]                
Inclusion or removal of deals with breaches of R&W during period $ 0 $ 0 $ 0 $ 6,000,000        
Change in recovery assumptions as the result of recovery success 4,000,000 69,000,000 31,000,000 86,000,000        
Estimated increase (decrease) in defaults that will result in additional (lower) breaches (4,000,000) 13,000,000 (15,000,000) 10,000,000        
Settlements and anticipated settlements 90,000,000 0 96,000,000 180,000,000        
Accretion of discount on balance 3,000,000 4,000,000 48,000,000 12,000,000        
Total 93,000,000 86,000,000 160,000,000 294,000,000        
Current Net Par Covered 5,229,000,000   5,229,000,000          
Net expected loss to be paid after recoveries for R&W 933,000,000 [1] 806,000,000 933,000,000 [1] 806,000,000 1,035,000,000 982,000,000 [1] 774,000,000 677,000,000
Loss and loss adjustment expense reserve 760,000,000   760,000,000     592,000,000    
Net expected loss development after recoveries for R&W (63,000,000) (22,000,000) (28,000,000) (33,000,000)        
Net par amount outstanding 418,015,000,000   418,015,000,000     459,107,000,000    
Life insurance
               
Guarantor Obligations [Line Items]                
Net expected loss development after recoveries for R&W 3,000,000   19,000,000          
Prime first lien
               
Guarantor Obligations [Line Items]                
Total 1,000,000 (1,000,000) 0 (1,000,000)        
Net expected loss to be paid after recoveries for R&W 10,000,000 [1] 21,000,000 10,000,000 [1] 21,000,000 11,000,000 21,000,000 [1] 18,000,000 6,000,000
Net expected loss development after recoveries for R&W (1,000,000) 3,000,000 (11,000,000) 16,000,000        
Net par amount outstanding 488,000,000   488,000,000     541,000,000    
Alt-A first lien
               
Guarantor Obligations [Line Items]                
Total 19,000,000 37,000,000 20,000,000 24,000,000        
Net expected loss to be paid after recoveries for R&W 248,000,000 [1] 206,000,000 248,000,000 [1] 206,000,000 301,000,000 304,000,000 [1] 288,000,000 315,000,000
Net expected loss development after recoveries for R&W (18,000,000) (85,000,000) (6,000,000) (83,000,000)        
Net par amount outstanding 2,986,000,000   2,986,000,000     3,590,000,000    
Option ARM
               
Guarantor Obligations [Line Items]                
Total 10,000,000 40,000,000 30,000,000 206,000,000        
Net expected loss to be paid after recoveries for R&W (31,000,000) [1] 7,000,000 (31,000,000) [1] 7,000,000 (51,000,000) (9,000,000) [1] (20,000,000) (131,000,000)
Net expected loss development after recoveries for R&W 0 25,000,000 (39,000,000) (92,000,000)        
Net par amount outstanding 700,000,000   700,000,000     937,000,000    
First mortgage, subprime
               
Guarantor Obligations [Line Items]                
Total 5,000,000 7,000,000 34,000,000 6,000,000        
Net expected loss to be paid after recoveries for R&W 307,000,000 [1] 303,000,000 307,000,000 [1] 303,000,000 341,000,000 304,000,000 [1] 274,000,000 242,000,000
Net expected loss development after recoveries for R&W (11,000,000) 38,000,000 (12,000,000) 86,000,000        
Net par amount outstanding 4,247,000,000   4,247,000,000     6,130,000,000    
Closed end second lien and HELOCs
               
Guarantor Obligations [Line Items]                
Total (1,000,000) 1,000,000 (4,000,000) (11,000,000)        
HELOCs
               
Guarantor Obligations [Line Items]                
Total 59,000,000 2,000,000 80,000,000 70,000,000        
Net expected loss to be paid after recoveries for R&W (148,000,000) [1] (129,000,000) (148,000,000) [1] (129,000,000) (117,000,000) (116,000,000) [1] (97,000,000) (111,000,000)
Net expected loss development after recoveries for R&W (34,000,000) (42,000,000) (65,000,000) (76,000,000)        
Net par amount outstanding 1,817,000,000   1,817,000,000     2,279,000,000    
Student loan
               
Guarantor Obligations [Line Items]                
Current Net Par Covered 2,700,000,000   2,700,000,000          
Net expected loss to be paid after recoveries for R&W 78,000,000   78,000,000          
Net expected loss development after recoveries for R&W 5,000,000   13,000,000          
Asset-backed student loan
               
Guarantor Obligations [Line Items]                
Current Net Par Covered 1,900,000,000   1,900,000,000          
Public finance student loan
               
Guarantor Obligations [Line Items]                
Current Net Par Covered 800,000,000   800,000,000          
Trust preferred securities collateralized debt obligations
               
Guarantor Obligations [Line Items]                
Current Net Par Covered 4,500,000,000   4,500,000,000          
Net expected loss to be paid after recoveries for R&W 26,000,000   26,000,000          
Financial guaranty insurance contracts principal amount, percent in credit default swap form 71.00%   71.00%          
Net expected loss development after recoveries for R&W 5,000,000   24,000,000          
Public Finance City of Detroit
               
Guarantor Obligations [Line Items]                
Recovery percentage     74.00%          
Financial guaranty insurance contracts principal amount net 2,200,000,000   2,200,000,000          
Public Finance Stockton General Fund
               
Guarantor Obligations [Line Items]                
Financial guaranty insurance contracts principal amount net 117,000,000   117,000,000          
Public Finance Luoisville Arena Authority
               
Guarantor Obligations [Line Items]                
Financial guaranty insurance contracts principal amount net 338,000,000   338,000,000          
Public Finance U.S.
               
Guarantor Obligations [Line Items]                
Net expected loss to be paid after recoveries for R&W 333,000,000 [1] 183,000,000 333,000,000 [1] 183,000,000 339,000,000 264,000,000 [1] 71,000,000 7,000,000
Net expected loss development after recoveries for R&W 2,000,000 44,000,000 107,000,000 138,000,000        
Net par amount outstanding 329,225,000,000   329,225,000,000     352,181,000,000    
Spanish sub-sovereign debt
               
Guarantor Obligations [Line Items]                
Financial guaranty insurance contracts principal amount 544,000,000   544,000,000          
Financial guaranty insurance contracts principal amount net 390,000,000   390,000,000          
Portugal sub-sovereign debt
               
Guarantor Obligations [Line Items]                
Financial guaranty insurance contracts principal amount 120,000,000   120,000,000          
Financial guaranty insurance contracts principal amount net 106,000,000   106,000,000          
Hungarian-infrastructure bonds
               
Guarantor Obligations [Line Items]                
Financial guaranty insurance contracts principal amount 555,000,000   555,000,000          
Financial guaranty insurance contracts principal amount net 524,000,000   524,000,000          
Spanish and Hungarian debt
               
Guarantor Obligations [Line Items]                
Net expected loss to be paid after recoveries for R&W 50,000,000   50,000,000          
Manufactured housing loans
               
Guarantor Obligations [Line Items]                
Current Net Par Covered 231,000,000   231,000,000          
Net expected loss to be paid after recoveries for R&W 25,000,000   25,000,000          
Below investment grade (BIG)
               
Guarantor Obligations [Line Items]                
Net par amount outstanding 19,646,000,000   19,646,000,000     22,538,000,000    
Below investment grade (BIG) | Life insurance
               
Guarantor Obligations [Line Items]                
Current Net Par Covered 2,700,000,000   2,700,000,000          
Net expected loss to be paid after recoveries for R&W 90,000,000   90,000,000          
Loss and loss adjustment expense reserve 598,000,000   598,000,000          
Below investment grade (BIG) | Prime first lien
               
Guarantor Obligations [Line Items]                
Net par amount outstanding 365,000,000   365,000,000     403,000,000    
Below investment grade (BIG) | Alt-A first lien
               
Guarantor Obligations [Line Items]                
Net par amount outstanding 1,912,000,000   1,912,000,000     2,728,000,000    
Below investment grade (BIG) | Option ARM
               
Guarantor Obligations [Line Items]                
Net par amount outstanding 194,000,000   194,000,000     598,000,000    
Below investment grade (BIG) | First mortgage, subprime
               
Guarantor Obligations [Line Items]                
Net par amount outstanding 1,663,000,000   1,663,000,000     1,945,000,000    
Below investment grade (BIG) | HELOCs
               
Guarantor Obligations [Line Items]                
Net par amount outstanding 1,606,000,000   1,606,000,000     1,897,000,000    
Below investment grade (BIG) | Asset-backed student loan
               
Guarantor Obligations [Line Items]                
Current Net Par Covered 198,000,000   198,000,000          
Below investment grade (BIG) | Public finance student loan
               
Guarantor Obligations [Line Items]                
Current Net Par Covered 244,000,000   244,000,000          
Below investment grade (BIG) | Trust preferred securities collateralized debt obligations
               
Guarantor Obligations [Line Items]                
Current Net Par Covered 1,500,000,000   1,500,000,000          
Below investment grade (BIG) | Public Finance U.S.
               
Guarantor Obligations [Line Items]                
Net par amount outstanding 8,542,000,000   8,542,000,000     9,094,000,000    
Below investment grade (BIG) | Manufactured housing loans
               
Guarantor Obligations [Line Items]                
Current Net Par Covered 164,000,000   164,000,000          
Below investment grade (BIG) | Ballantyne Re Plc and Orkney Re I I Plc | Life insurance
               
Guarantor Obligations [Line Items]                
Number of transactions insured 2   2          
Sewer | Public Finance City of Detroit
               
Guarantor Obligations [Line Items]                
Current Net Par Covered 1,100,000,000   1,100,000,000          
Water Sector | Public Finance City of Detroit
               
Guarantor Obligations [Line Items]                
Current Net Par Covered 882,000,000   882,000,000          
Sewer and Water | Public Finance City of Detroit
               
Guarantor Obligations [Line Items]                
Current Net Par Covered 1,800,000,000   1,800,000,000          
Remaining principle amount after tender offer 841,000,000   841,000,000          
Bonds sold in tender offer, amount 677,000,000   677,000,000          
Municipal Bonds State General Obligation | Public Finance City of Detroit
               
Guarantor Obligations [Line Items]                
Current Net Par Covered 128,000,000   128,000,000          
City Certificates of Participation | Public Finance City of Detroit
               
Guarantor Obligations [Line Items]                
Current Net Par Covered 175,000,000   175,000,000          
Refinancing risk on infrastructure transactions
               
Guarantor Obligations [Line Items]                
Current Net Par Covered 3,000,000,000   3,000,000,000          
Number of infrastructure transactions     2          
Financial insurance guaranty, infrastructure finance, potential liability 1,800,000,000   1,800,000,000          
Refinancing risk on infrastructure transactions | Minimum
               
Guarantor Obligations [Line Items]                
Estimated years for recoveries on infrastructure transactions     10 years          
Refinancing risk on infrastructure transactions | Maximum
               
Guarantor Obligations [Line Items]                
Estimated years for recoveries on infrastructure transactions     35 years          
Puerto Rico
               
Guarantor Obligations [Line Items]                
Net par amount outstanding 4,900,000,000   4,900,000,000          
Puerto Rico | Below investment grade (BIG)
               
Guarantor Obligations [Line Items]                
Net par amount outstanding 4,672,000,000   4,672,000,000          
Puerto Rico | Below investment grade (BIG) | Puerto Rico
               
Guarantor Obligations [Line Items]                
Net par amount outstanding $ 4,700,000,000   $ 4,700,000,000          
[1] Includes expected loss adjustment expenses ("LAE") to be paid of $28 million as of September 30, 2014 and $34 million as of December 31, 2013. The Company paid $6 million and $12 million in LAE for Third Quarter 2014 and 2013, respectively, and $20 million and $41 million in LAE for Nine Months 2014 and 2013, respectively.