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Liability For Policy And Contract Claims (Changes In The Liability For Policy And Contract Claims) (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Liability For Policy And Contract Claims [Abstract]      
Beginning Balance $ 6,933 [1],[2] $ 6,567 [1],[3] $ 5,322 [3]
Less reinsurance recoverables (1,654) [1],[2] (1,769) [1],[3] (1,454) [3]
Net balance as of January 1 5,279 [1],[2] 4,798 [1],[3] 3,868 [3]
Current year 3,562 [2] 3,436 [1] 3,768 [3]
Prior years 651 [2] 799 [1] 421 [3]
Total incurred 4,213 [2] 4,235 [1] 4,189 [3]
Current year (1,238) [2] (1,217) [1] (1,441) [3]
Prior years (2,379) [2] (2,669) [1] (2,013) [3]
Total paid (3,617) [2] (3,886) [1] (3,454) [3]
Interest on liability for policy and contract claims 136 [2] 121 [1] 121 [3]
Foreign currency translation (17) [2] 11 [1] 95 [3]
Other (28) [2],[4]   (21) [3],[4]
Net balance as of December 31 5,966 [2] 5,279 [1],[2] 4,798 [1],[3]
Add reinsurance recoverables 1,654 [2] 1,654 [1],[2] 1,769 [1],[3]
Balance as of December 31 $ 7,620 [2] $ 6,933 [1],[2] $ 6,567 [1],[3]
[1] Current year reserves related to our U.S. Mortgage Insurance segment for the year ended December 31, 2010 were reduced by loss mitigation activities of $194 million, including $186 million related to workouts, loan modifications and pre-sales, and $8 million related to rescissions, net of reinstatements. Loss mitigation actions related to prior year delinquencies resulted in a reduction of expected losses of $540 million to date, including $390 million related to workouts, loan modifications and pre-sales, and $150 million related to rescissions, net of reinstatements of $175 million.
[2] Current year reserves related to our U.S. Mortgage Insurance segment for the year ended December 31, 2011 were reduced by loss mitigation activities of $95 million, including $88 million related to workouts, loan modifications and pre-sales, and $7 million related to rescissions, net of reinstatements. Loss mitigation actions related to prior year delinquencies resulted in a reduction of expected losses of $472 million to date, including $434 million related to workouts, loan modifications and pre-sales, and $38 million related to rescissions, net of reinstatements of $84 million.
[3] Current year reserves related to our U.S. Mortgage Insurance segment for the year ended December 31, 2009 were reduced by loss mitigation activities of $382 million, including $232 million related to rescissions, net of reinstatements, and $150 million related to workouts, loan modifications and pre-sales. Prior year reserves related to our U.S. Mortgage Insurance segment for the year ended December 31, 2009 were reduced by current year loss mitigation activities of $465 million, including $351 million related to rescissions, net of reinstatements, and $114 million related to workouts, loan modifications and pre-sales. Reinstatements were not material in 2009.
[4] The amounts relate to the sale of our Medicare supplement insurance business in 2011 and one of our Mexican subsidiaries in 2009. See note 8 for additional information.