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Business Segments (Tables)
 6 Months Ended
Jun. 30, 2016
Text Block [Abstract]  
Summary of company's segment results
Three Months Ended June 30, 2016
U.S. International
Public and Structured
FinanceFinance
In millionsInsuranceCorporateInsuranceEliminationsConsolidated
Revenues(1)$82$6$23$-$111
Net change in fair value of insured derivatives--(8)-(8)
Net gains (losses) on financial instruments at fair value and
foreign exchange25(19)8-14
Net gains (losses) on extinguishment of debt-3--3
Other net realized gains (losses) -(1)1--
Revenues of consolidated VIEs--(2)-(2)
Inter-segment revenues(2)41211(27)-
Total revenues111133(27)118
Losses and loss adjustment9-68-77
Operating111415-40
Interest-2425-49
Expenses of consolidated VIEs--7-7
Inter-segment expenses(2)16111(28)-
Total expenses3639126(28)173
Income (loss) before income taxes75(38)(93)1(55)
Provision (benefit) for income taxes25(18)(32)(3)(28)
Net income (loss)$50$(20)$(61)$4$(27)
Identifiable assets$5,477$2,412$7,017$(2,842)(3)$12,064
________________
(1) - Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.
(2) - Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.
(3) - Consists of intercompany deferred income taxes, reinsurance balances and repurchase agreements.

Three Months Ended June 30, 2015
U.S. International
Public and Structured
FinanceFinance
In millionsInsuranceCorporateInsuranceEliminationsConsolidated
Revenues(1)$93$8$29$-$130
Net change in fair value of insured derivatives--60-60
Net gains (losses) on financial instruments at fair value and
foreign exchange-48(3)-45
Net investment losses related to other-than-temporary impairments(6)(1)--(7)
Net gains (losses) on extinguishment of debt-(1)--(1)
Other net realized gains (losses) -(1)--(1)
Revenues of consolidated VIEs--19-19
Inter-segment revenues(2)82115(44)-
Total revenues9574120(44)245
Losses and loss adjustment 8-38-46
Operating81918-45
Interest-2426-50
Expenses of consolidated VIEs--12-12
Inter-segment expenses(2)22115(38)-
Total expenses3844109(38)153
Income (loss) before income taxes573011(6)92
Provision (benefit) for income taxes2073(2)28
Net income (loss)$37$23$8$(4)$64
Identifiable assets$5,412$2,707$10,393$(3,002)(3)$15,510
________________
(1) - Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.
(2) - Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.
(3) - Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes.

Six Months Ended June 30, 2016
U.S. International
Public and Structured
FinanceFinance
In millionsInsuranceCorporateInsuranceEliminationsConsolidated
Revenues(1)$166$11$49$-$226
Net change in fair value of insured derivatives--(36)-(36)
Net gains (losses) on financial instruments at fair value and
foreign exchange34(103)14-(55)
Net investment losses related to other-than-temporary impairments-(1)--(1)
Net gains (losses) on extinguishment of debt-5--5
Other net realized gains (losses) -(2)1-(1)
Revenues of consolidated VIEs--12-12
Inter-segment revenues(2)102823(61)-
Total revenues210(62)63(61)150
Losses and loss adjustment 18-81-99
Operating203629-85
Interest-4752-99
Expenses of consolidated VIEs--23-23
Inter-segment expenses(2)34125(60)-
Total expenses7284210(60)306
Income (loss) before income taxes138(146)(147)(1)(156)
Provision (benefit) for income taxes47(42)(55)(1)(51)
Net income (loss)$91$(104)$(92)$-$(105)
Identifiable assets$5,477$2,412$7,017$(2,842)(3)$12,064
________________
(1) - Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.
(2) - Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.
(3) - Consists of intercompany deferred income taxes, reinsurance balances and repurchase agreements.

Six Months Ended June 30, 2015
U.S. International
Public and Structured
FinanceFinance
In millionsInsuranceCorporateInsuranceEliminationsConsolidated
Revenues(1)$198$13$58$-$269
Net change in fair value of insured derivatives--88-88
Net gains (losses) on financial instruments at fair value and
foreign exchange380(8)-75
Net investment losses related to other-than-temporary impairments(6)(1)--(7)
Net gains (losses) on extinguishment of debt-(1)--(1)
Other net realized gains (losses) (4)23--19
Revenues of consolidated VIEs--21-21
Inter-segment revenues(2)183733(88)-
Total revenues209151192(88)464
Losses and loss adjustment 2-38-40
Operating183837-93
Interest-4951-100
Expenses of consolidated VIEs--26-26
Inter-segment expenses(2)46233(81)-
Total expenses6689185(81)259
Income (loss) before income taxes143627(7)205
Provision (benefit) for income taxes49251(3)72
Net income (loss)$94$37$6$(4)$133
Identifiable assets$5,412$2,707$10,393$(3,002)(3)$15,510
________________
(1) - Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.
(2) - Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.
(3) - Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes.
Summary Of premiums earned on financial guarantees and insured derivatives by geographic location of risk
Three Months Ended June 30,Six Months Ended June 30,
In millions2016201520162015
Total premiums earned:
United States$58$74$117$161
United Kingdom781415
Europe (excluding United Kingdom)2-32
Internationally diversified-1-2
Other Americas771413
Asia-112
Other1223
Total $75$93$151$198