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Business Segments (Summary Of Company's Segment Results) (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Segment Reporting Information [Line Items]      
Revenues $ 644 [1] $ 880 [1] $ 1,038 [1]
Net change in fair value of insured derivatives 232 1,464 (2,812)
Net gains (losses) on financial instruments at fair value and foreign exchange 69 55 (99)
Net investment losses related to other-than-temporary impairments 0 (105) (101)
Net gains (losses) on extinguishment of debt 60 0 26
Other net realized gains (losses) (29) 7 (1)
Revenues of consolidated VIEs 233 134 392
Inter-segment revenues 0 [2] 0 [2] 0 [3]
Total revenues 1,209 2,435 (1,557)
Losses and loss adjustment 117 50 (80)
Operating 384 431 371
Interest 236 284 300
Expenses of consolidated VIEs 56 72 91
Inter-segment expenses 0 [2] 0 [2] 0 [3]
Total expenses 793 837 682
Income (loss) before income taxes 416 1,598 (2,239)
Identifiable assets 16,953 21,724 26,873
Reportable Subsegments [Member] | Asset Liability Products Business [Member]
     
Segment Reporting Information [Line Items]      
Revenues 34 [4] 53 [4] 90 [4]
Net gains (losses) on financial instruments at fair value and foreign exchange (23) (176) (276)
Net investment losses related to other-than-temporary impairments 0 (56) (31)
Net gains (losses) on extinguishment of debt 22 2 24
Other net realized gains (losses) 0 1 4
Revenues of consolidated VIEs 0 0 11
Inter-segment revenues (10) [5] (10) [5] (19) [5]
Total revenues 23 (186) (197)
Operating 2 5 3
Interest 76 95 109
Expenses of consolidated VIEs 0 0 2
Inter-segment expenses 7 [5] 19 [5] 29 [5]
Total expenses 85 119 143
Income (loss) before income taxes (62) (305) (340)
Identifiable assets 1,468 1,877 3,752
Reportable Subsegments [Member] | Conduits [Member]
     
Segment Reporting Information [Line Items]      
Revenues 0 [4] 0 [4] 0 [4]
Net gains (losses) on financial instruments at fair value and foreign exchange 0 0 0
Net investment losses related to other-than-temporary impairments 0 0 0
Net gains (losses) on extinguishment of debt 0 0 0
Other net realized gains (losses) 0 0 0
Revenues of consolidated VIEs 10 63 20
Inter-segment revenues (9) [5] (2) [5] (4) [5]
Total revenues 1 61 16
Operating 0 0 0
Interest 0 0 0
Expenses of consolidated VIEs 6 13 19
Inter-segment expenses 26 [5] 97 [5] 66 [5]
Total expenses 32 110 85
Income (loss) before income taxes (31) (49) (69)
Identifiable assets 178 694 1,531
Intersubsegment Eliminations [Member]
     
Segment Reporting Information [Line Items]      
Revenues 0 [4] 0 [4] 0 [4]
Net gains (losses) on financial instruments at fair value and foreign exchange 0 0 0
Net investment losses related to other-than-temporary impairments 0 0 0
Net gains (losses) on extinguishment of debt 0 0 0
Other net realized gains (losses) 0 0 0
Revenues of consolidated VIEs 0 0 0
Inter-segment revenues 7 [5] (2) [5] 0 [5]
Total revenues 7 (2) 0
Operating 0 0 0
Interest 0 0 0
Expenses of consolidated VIEs 0 0 0
Inter-segment expenses 0 [5] 0 [5] 0 [5]
Total expenses 0 0 0
Income (loss) before income taxes 7 (2) 0
Identifiable assets 1 (32) (80)
U S Public Finance Insurance [Member]
     
Segment Reporting Information [Line Items]      
Losses and loss adjustment 105    
Advisory Services [Member]
     
Segment Reporting Information [Line Items]      
Losses and loss adjustment     0
Operating Segments [Member] | U S Public Finance Insurance [Member]
     
Segment Reporting Information [Line Items]      
Revenues 425 [1] 548 [1] 599 [1]
Net change in fair value of insured derivatives 3 1 2
Net gains (losses) on financial instruments at fair value and foreign exchange 29 121 96
Net investment losses related to other-than-temporary impairments 0 0 0
Net gains (losses) on extinguishment of debt 0 0 0
Other net realized gains (losses) (29) 0 (31)
Revenues of consolidated VIEs 0 0 0
Inter-segment revenues 90 [2] 168 [2] 79 [3]
Total revenues 518 838 745
Losses and loss adjustment 105 21 4
Operating 66 124 52
Interest 0 0 0
Expenses of consolidated VIEs 0 0 0
Inter-segment expenses 96 [2] 124 [2] 114 [3]
Total expenses 267 269 170
Income (loss) before income taxes 251 569 575
Identifiable assets 6,056 6,887 7,848
Operating Segments [Member] | Structured Finance And International Insurance [Member]
     
Segment Reporting Information [Line Items]      
Revenues 150 [1] 243 [1] 319 [1]
Net change in fair value of insured derivatives 229 1,463 (2,814)
Net gains (losses) on financial instruments at fair value and foreign exchange 28 93 58
Net investment losses related to other-than-temporary impairments 0 (45) (62)
Net gains (losses) on extinguishment of debt 0 0 0
Other net realized gains (losses) 0 1 1
Revenues of consolidated VIEs 233 71 361
Inter-segment revenues 78 [2] 45 [2] 91 [3]
Total revenues 718 1,871 (2,046)
Losses and loss adjustment 12 29 (84)
Operating 108 147 166
Interest 112 132 133
Expenses of consolidated VIEs 50 59 70
Inter-segment expenses 136 [2] 208 [2] 124 [3]
Total expenses 418 575 409
Income (loss) before income taxes 300 1,296 (2,455)
Identifiable assets 11,696 17,264 19,985
Operating Segments [Member] | Advisory Services [Member]
     
Segment Reporting Information [Line Items]      
Revenues 16 [1] 21 [1] 26 [1]
Net change in fair value of insured derivatives 0 0 0
Net gains (losses) on financial instruments at fair value and foreign exchange 1 (1) 0
Net investment losses related to other-than-temporary impairments 0 0 0
Net gains (losses) on extinguishment of debt 0 0 0
Other net realized gains (losses) 0 0 0
Revenues of consolidated VIEs 0 0 0
Inter-segment revenues 26 [2] 34 [2] 41 [3]
Total revenues 43 54 67
Losses and loss adjustment 0 0  
Operating 53 46 58
Interest 0 0 0
Expenses of consolidated VIEs 0 0 0
Inter-segment expenses 7 [2] 13 [2] 6 [3]
Total expenses 60 59 64
Income (loss) before income taxes (17) (5) 3
Identifiable assets 44 46 53
Operating Segments [Member] | Corporate Operations [Member]
     
Segment Reporting Information [Line Items]      
Revenues 19 [1] 15 [1] 4 [1]
Net change in fair value of insured derivatives 0 0 0
Net gains (losses) on financial instruments at fair value and foreign exchange 34 18 23
Net investment losses related to other-than-temporary impairments 0 (4) (8)
Net gains (losses) on extinguishment of debt 0 (2) 0
Other net realized gains (losses) 0 5 25
Revenues of consolidated VIEs (10) 0 0
Inter-segment revenues 71 [2] 176 [2] 152 [3]
Total revenues 114 208 196
Losses and loss adjustment 0 0 0
Operating 155 109 92
Interest 48 57 58
Expenses of consolidated VIEs 0 0 0
Inter-segment expenses 11 [2] 14 [2] 22 [3]
Total expenses 214 180 172
Income (loss) before income taxes (100) 28 24
Identifiable assets 1,265 828 829
Operating Segments [Member] | Wind Down Operations [Member]
     
Segment Reporting Information [Line Items]      
Revenues 34 [1],[4] 53 [1],[4] 90 [1],[4]
Net change in fair value of insured derivatives 0 0 0
Net gains (losses) on financial instruments at fair value and foreign exchange (23) (176) (276)
Net investment losses related to other-than-temporary impairments 0 (56) (31)
Net gains (losses) on extinguishment of debt 22 2 24
Other net realized gains (losses) 0 1 4
Revenues of consolidated VIEs 10 63 31
Inter-segment revenues (12) [2],[5] (14) [2],[5] (23) [3],[5]
Total revenues 31 (127) (181)
Losses and loss adjustment 0 0 0
Operating 2 5 3
Interest 76 95 109
Expenses of consolidated VIEs 6 13 21
Inter-segment expenses 33 [2],[5] 116 [2],[5] 95 [3],[5]
Total expenses 117 229 228
Income (loss) before income taxes (86) (356) (409)
Identifiable assets 1,647 2,539 5,203
Intersegment Elimination [Member]
     
Segment Reporting Information [Line Items]      
Revenues 0 [1] 0 [1] 0 [1]
Net change in fair value of insured derivatives 0 0 0
Net gains (losses) on financial instruments at fair value and foreign exchange 0 0 0
Net investment losses related to other-than-temporary impairments 0 0 0
Net gains (losses) on extinguishment of debt 38 [6] 0 2
Other net realized gains (losses) 0 0 0
Revenues of consolidated VIEs 0 0 0
Inter-segment revenues (253) [2] (409) [2] (340) [3]
Total revenues (215) (409) (338)
Losses and loss adjustment 0 0 0
Operating 0 0 0
Interest 0 0 0
Expenses of consolidated VIEs 0 0 0
Inter-segment expenses (283) [2] (475) [2] (361) [3]
Total expenses (283) (475) (361)
Income (loss) before income taxes 68 66 23
Identifiable assets $ (3,755) [7] $ (5,840) [8] $ (7,045) [9]
[1] Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements, investment management fees and other fees.
[2] Represents intercompany premium income and expense, intercompany asset management fees and expenses, intercompany interest income and expense pertaining to intercompany receivables and payables and intercompany loans.
[3] Represents intercompany premium income and expense, intercompany asset management fees and expenses, and intercompany interest income and expense pertaining to intercompany receivables and payables.
[4] Represents the sum of third-party interest income, investment management services fees and other fees.
[5] Represents intercompany asset management fees and expenses plus intercompany interest income and expense pertaining to intercompany debt.
[6] Represents the gain on the debt received as consideration in connection with the BofA Settlement Agreement.
[7] Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes.
[8] Consists of intercompany reinsurance balances, repurchase agreements, deferred taxes and loans.
[9] Consists of intercompany reinsurance balances, repurchase agreements and loans.