XML 158 R117.htm IDEA: XBRL DOCUMENT v2.4.0.6
Business Segments (Summary Of Company's Operations) (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Variable Interest Entity [Line Items]      
Unrealized gains (losses) on insured derivatives $ (441) $ (607) $ 1,650
Net gains (losses) on extinguishment of debt 26 60 269
Revenues of consolidated VIEs 392 364 (19)
Total revenues (1,557) 894 2,954
Expenses of consolidated VIEs 91 83 102
Total expenses 682 989 1,737
Income (loss) before income taxes (2,239) (95) 1,217
Identifiable assets 26,873 32,279 25,701
U.S. Public Finance Insurance [Member]
     
Variable Interest Entity [Line Items]      
Inter-segment revenues 79 [1] 93 [1] 146 [1]
Total revenues 745 750 808
Inter-segment expenses 114 [1] 104 [1] 125 [1]
Total expenses 170 220 257
Income (loss) before income taxes 575 530 551
Identifiable assets 7,848 8,436 8,184
Structured Finance And International Insurance [Member]
     
Variable Interest Entity [Line Items]      
Revenues of consolidated VIEs 361 246 (58)
Inter-segment revenues 91 [1] 113 [1] 177 [1]
Total revenues (2,046) 211 2,194
Expenses of consolidated VIEs 70 64 88
Inter-segment expenses 124 [1] 135 [1] 116 [1]
Total expenses 409 642 1,370
Income (loss) before income taxes (2,455) (431) 824
Identifiable assets 19,985 23,980 16,447
Advisory Services [Member]
     
Variable Interest Entity [Line Items]      
Inter-segment revenues 41 [1] 38 [1] 22 [1]
Total revenues 67 70 54
Inter-segment expenses 6 [1] 7 [1] 1 [1]
Total expenses 64 71 49
Income (loss) before income taxes 3 (1) 5
Identifiable assets 53 54 125
Corporate Operations [Member]
     
Variable Interest Entity [Line Items]      
Inter-segment revenues 152 [1] 94 [1] 19 [1]
Total revenues 196 70 24
Inter-segment expenses 22 [1] 14 [1]  
Total expenses 172 168 93
Income (loss) before income taxes 24 (98) (69)
Identifiable assets 829 653 1,276
Wind-Down Operations [Member]
     
Variable Interest Entity [Line Items]      
Revenues 90 [2] 113 [2] 193 [2]
Net gains (losses) on financial instruments at fair value and foreign exchange (276) (76) 146
Net investment losses related to other-than-temporary impairments (31) (59) (352)
Net gains (losses) on extinguishment of debt 24 35 203
Other net realized gains (losses) 4 0 4
Revenues of consolidated VIEs 31 96 39
Inter-segment revenues (23) [1],[3] (18) [1],[3] (3) [1],[3]
Total revenues (181) 91 230
Operating expenses 3 4 27
Interest 109 125 169
Expenses of consolidated VIEs 21 19 14
Inter-segment expenses 95 [1],[3] 60 [1],[3] 116 [1],[3]
Total expenses 228 208 326
Income (loss) before income taxes (409) (117) (96)
Identifiable assets 5,203 6,432 8,092
Eliminations [Member]
     
Variable Interest Entity [Line Items]      
Revenues of consolidated VIEs   22  
Inter-segment revenues (340) [1] (320) [1] (361) [1]
Total revenues (338) (298) (356)
Inter-segment expenses (361) [1] (320) [1] (358) [1]
Total expenses (361) (320) (358)
Income (loss) before income taxes 23 22 2
Identifiable assets (7,045) [4] (7,276) [4] (8,423) [4]
Non Variable Interest Entities [Member]
     
Variable Interest Entity [Line Items]      
Revenues 1,038 [5] 1,211 [5] 1,460 [5]
Realized gains (losses) and other settlements on insured derivatives (2,371) (162) (166)
Unrealized gains (losses) on insured derivatives (441) (607) 1,650
Net gains (losses) on financial instruments at fair value and foreign exchange (99) 88 225
Net investment losses related to other-than-temporary impairments (101) (64) (361)
Net gains (losses) on extinguishment of debt 26 35 225
Other net realized gains (losses) (1) 29 (60)
Loss and loss adjustment expense (80) 232 864
Operating expenses 371 349 397
Interest 300 325 374
Non Variable Interest Entities [Member] | U.S. Public Finance Insurance [Member]
     
Variable Interest Entity [Line Items]      
Revenues 599 [5] 601 [5] 638 [5]
Realized gains (losses) and other settlements on insured derivatives 2 1 1
Net gains (losses) on financial instruments at fair value and foreign exchange 96 55 23
Other net realized gains (losses) (31)    
Loss and loss adjustment expense 4 73 94
Operating expenses 52 43 38
Non Variable Interest Entities [Member] | Structured Finance And International Insurance [Member]
     
Variable Interest Entity [Line Items]      
Revenues 319 [5] 463 [5] 593 [5]
Realized gains (losses) and other settlements on insured derivatives (2,373) (163) (167)
Unrealized gains (losses) on insured derivatives (441) (607) 1,650
Net gains (losses) on financial instruments at fair value and foreign exchange 58 135 59
Net investment losses related to other-than-temporary impairments (62) (5) (9)
Net gains (losses) on extinguishment of debt     13
Other net realized gains (losses) 1 29 (64)
Loss and loss adjustment expense (84) 159 770
Operating expenses 166 149 260
Interest 133 135 136
Non Variable Interest Entities [Member] | Advisory Services [Member]
     
Variable Interest Entity [Line Items]      
Revenues 26 [5] 30 [5] 32 [5]
Net gains (losses) on financial instruments at fair value and foreign exchange   2  
Operating expenses 58 64 48
Non Variable Interest Entities [Member] | Corporate Operations [Member]
     
Variable Interest Entity [Line Items]      
Revenues 4 [5] 4 [5] 4 [5]
Net gains (losses) on financial instruments at fair value and foreign exchange 23 (28) (3)
Net investment losses related to other-than-temporary impairments (8)    
Net gains (losses) on extinguishment of debt     4
Other net realized gains (losses) 25    
Operating expenses 92 89 24
Interest 58 65 69
Non Variable Interest Entities [Member] | Wind-Down Operations [Member]
     
Variable Interest Entity [Line Items]      
Revenues 90 [5] 113 [5] 193 [5]
Net gains (losses) on financial instruments at fair value and foreign exchange (276) (76) 146
Net investment losses related to other-than-temporary impairments (31) (59) (352)
Net gains (losses) on extinguishment of debt 24 35 203
Other net realized gains (losses) 4   4
Operating expenses 3 4 27
Interest 109 125 169
Non Variable Interest Entities [Member] | Eliminations [Member]
     
Variable Interest Entity [Line Items]      
Net gains (losses) on extinguishment of debt 2   5
Variable Interest Entities [Member]
     
Variable Interest Entity [Line Items]      
Net gains (losses) on financial instruments at fair value and foreign exchange 59 342 (4)
Net investment losses related to other-than-temporary impairments     (106)
Net gains (losses) on extinguishment of debt   25 44
Other net realized gains (losses) 263 (76) (41)
Interest 62 59 101
Identifiable assets $ 10,900 $ 14,100  
[1] Represents intercompany premium income and expense, intercompany asset management fees and expenses, and intercompany interest income and expense pertaining to intercompany receivable and payables.
[2] Represents the sum of third-party interest income, investment management services fees and other fees.
[3] Represents intercompany asset management fees and expenses plus intercompany interest income and expense pertaining to intercompany debt.
[4] Consists of intercompany reinsurance balances, repurchase agreements and loans.
[5] Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements, investment fees and other fees.