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Financial Guaranty Insurance - Components of Unearned Premium Reserve (Details) - USD ($)
$ in Millions
Sep. 30, 2016
Dec. 31, 2015
Insurance [Abstract]    
Deferred premium revenue, gross $ 3,710 $ 4,008
Deferred premium revenue, ceded 217 238
Deferred premium revenue, net [1] 3,493 3,770
Contra-paid, gross [2] (42) (12)
Contra-paid, ceded [2] (4) (6)
Contra-paid, net [1],[2] (38) (6)
Unearned premium reserve, gross 3,668 3,996
Unearned premium reserve, ceded 213 232
Unearned premium reserve, net [1] 3,455 3,764
Total net unearned premium reserve related to FG VIE 93 110
Contra-paid related to FG VIE $ 28 $ 30
[1] Excludes $93 million and $110 million of deferred premium revenue, and $28 million and $30 million of contra-paid related to FG VIEs as of September 30, 2016 and December 31, 2015, respectively.
[2] See "Financial Guaranty Insurance Losses– Insurance Contracts' Loss Information" below for an explanation of "contra-paid".