XML 64 R53.htm IDEA: XBRL DOCUMENT v3.5.0.2
Outstanding Exposure - Narrative (Details) - USD ($)
6 Months Ended
Jul. 01, 2016
Jun. 30, 2016
Mar. 04, 2016
Dec. 31, 2015
Dec. 24, 2015
Sep. 15, 2015
Schedule of Insured Financial Obligations [Line Items]            
Net Debt Service Outstanding   $ 488,362,000,000   $ 536,341,000,000    
Indirect European exposure   3,500,000,000        
Net par amount outstanding   329,864,000,000 [1]   358,571,000,000 [2]    
Net Par Outstanding, European Exposure [3]   2,314,000,000        
Pooled corporate obligations [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Indirect European exposure   192,000,000        
Structured Finance [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Net Debt Service Outstanding   33,306,000,000   41,915,000,000    
Public Finance [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Net Debt Service Outstanding   455,056,000,000   494,426,000,000    
Diversified Payment Rights [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Net Par Outstanding, European Exposure   $ 204,000,000        
BIG [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Maximum period of liquidity claims (in years)   1 year        
Net par amount outstanding   $ 14,790,000,000   15,183,000,000    
Net Par Outstanding, European Exposure [3]   815,000,000        
AAA [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Net par amount outstanding   16,061,000,000   20,837,000,000    
Ireland [Member] | Mortgage Loans on Real Estate [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Net Debt Service Outstanding   104,000,000   102,000,000    
United States [Member] | RMBS [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Net par amount outstanding   6,082,000,000   7,067,000,000    
United States [Member] | Structured Finance [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Net par amount outstanding   25,562,000,000 [1]   31,770,000,000 [2]    
United States [Member] | Public Finance [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Net par amount outstanding   272,114,000,000 [1],[4]   291,866,000,000 [2]    
United States [Member] | BIG [Member] | RMBS [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Net par amount outstanding   3,427,000,000   3,973,000,000    
United States [Member] | BIG [Member] | Structured Finance [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Net par amount outstanding   4,553,000,000   5,469,000,000    
United States [Member] | BIG [Member] | Public Finance [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Net par amount outstanding   8,268,000,000 [4]   7,784,000,000    
United States [Member] | AAA [Member] | Structured Finance [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Net par amount outstanding   11,362,000,000   14,366,000,000    
United States [Member] | AAA [Member] | Public Finance [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Net par amount outstanding   2,376,000,000   3,053,000,000    
Select European Countries [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Indirect European exposure   203,000,000        
Greece [Member] | Pooled corporate obligations [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Indirect European exposure   4,000,000        
Puerto Rico [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Net Debt Service Outstanding   8,466,000,000        
Net par amount outstanding   5,054,000,000   $ 5,053,000,000    
Puerto Rico [Member] | BIG [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Net par amount outstanding   5,100,000,000        
Commitment to Provide Guarantees [Member] | Public Finance [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Outstanding commitments to provide guaranties   117,000,000        
Commitments due before expiration date   $ 53,000,000        
Minimum [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Probability of paying more claims than being reimbursed (as a percent)   50.00%        
Minimum [Member] | Public Finance [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Expiration date for insured financial obligation commitments   Jul. 01, 2016        
Minimum [Member] | BIG [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Constant discount rate (as a percent)   4.00%        
Maximum [Member] | Public Finance [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Expiration date for insured financial obligation commitments   Feb. 25, 2017        
Maximum [Member] | BIG [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Constant discount rate (as a percent)   5.00%        
PRHTA (Highway revenue) [Member] | Puerto Rico [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Obligations secured by taxes on crude oil, unfinished oil and derivative products   $ 120,000,000        
PREPA [Member] | AGM and AGC [Member] | Puerto Rico [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Payment On Outstanding Principal Amount   $ 74,000,000        
Puerto Rico Aqueduct and Sewer Authority [Member] | U.S. Justice Department and U.S. Environmental Protection Agency [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Settlement agreement, required spending threshold           $ 1,600,000,000
Settlement agreement, required spending, payable to contractor     $ 140,000,000      
Surety Bond [Member] | Restructuring Support Agreement [Member] | PREPA [Member] | Puerto Rico [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Possible liquidity claims, gross exposure         $ 113,000,000  
Surety Bond [Member] | AGC [Member] | Restructuring Support Agreement [Member] | PREPA [Member] | Puerto Rico [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Possible liquidity claims, gross exposure         14,000,000  
Surety Bond [Member] | AGM [Member] | Restructuring Support Agreement [Member] | PREPA [Member] | Puerto Rico [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Possible liquidity claims, gross exposure         99,000,000  
Bridge Loan [Member] | Restructuring Support Agreement [Member] | PREPA [Member] | Puerto Rico [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Guarantor obligations, debt financing amount         15,000,000  
Bridge Loan [Member] | AGC [Member] | Restructuring Support Agreement [Member] | PREPA [Member] | Puerto Rico [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Guarantor obligations, debt financing amount         2,000,000  
Bridge Loan [Member] | AGM [Member] | Restructuring Support Agreement [Member] | PREPA [Member] | Puerto Rico [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Guarantor obligations, debt financing amount         $ 13,000,000  
Subsequent Event [Member] | Puerto Rico [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Payments Made To Public On Outstanding Principal Amounts $ 41,000,000          
Subsequent Event [Member] | AGM [Member] | PREPA [Member] | Puerto Rico [Member]            
Schedule of Insured Financial Obligations [Line Items]            
Bonds issued in settlement $ 26,000,000          
[1] Excludes $1.4 billion of loss mitigation securities insured and held by the Company as of June 30, 2016, which are primarily BIG.
[2] Excludes $1.5 billion of loss mitigation securities insured and held by the Company as of December 31, 2015, which are primarily BIG.
[3] While the Company’s exposures are shown in U.S. dollars, the obligations the Company insures are in various currencies, primarily Euros.
[4] Subsequent to June 30, 2016, and as a result of its July 1, 2016 Puerto Rico claim payments, the Company downgraded from BIG 1 to BIG 3 $1,803 million net par outstanding of financial guaranty insurance across two risks..