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Business Segments (Tables)
 6 Months Ended
Jun. 30, 2017
Text Block [Abstract]  
Summary of company's segment results
Three Months Ended June 30, 2017
U.S. International
Public and Structured
FinanceFinance
In millionsInsuranceCorporateInsuranceEliminationsConsolidated
Revenues(1)$62$8$17$-$87
Net change in fair value of insured derivatives--3-3
Net gains (losses) on financial instruments at fair value and
foreign exchange14(55)(20)-(61)
Net investment losses related to other-than-temporary impairments(11)---(11)
Other net realized gains (losses) -(1)35-34
Revenues of consolidated VIEs--20-20
Inter-segment revenues(2)51511(31)-
Total revenues70(33)66(31)72
Losses and loss adjustment158-12-170
Operating161410-40
Interest-2228-50
Expenses of consolidated VIEs--22-22
Inter-segment expenses(2)16114(31)-
Total expenses1903786(31)282
Income (loss) before income taxes(120)(70)(20)-(210)
Provision (benefit) for income taxes(43)1,0741,199(1,211)1,019
Net income (loss)$(77)$(1,144)$(1,219)$1,211$(1,229)
Identifiable assets$5,074$1,233$5,313$(1,853)(3)$9,767
________________
(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 and repurchase agreements.

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 adjustment 9-68-77
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.

Six Months Ended June 30, 2017
U.S. International
Public and Structured
FinanceFinance
In millionsInsuranceCorporateInsuranceEliminationsConsolidated
Revenues(1)$130$16$44$-$190
Net change in fair value of insured derivatives--(50)-(50)
Net gains (losses) on financial instruments at fair value and
foreign exchange18(39)(23)-(44)
Net investment losses related to other-than-temporary impairments(13)---(13)
Net gains (losses) on extinguishment of debt-8--8
Other net realized gains (losses) -(2)39-37
Revenues of consolidated VIEs--21-21
Inter-segment revenues(2)103120(61)-
Total revenues1451451(61)149
Losses and loss adjustment 169-95-264
Operating263218-76
Interest-4454-98
Expenses of consolidated VIEs--41-41
Inter-segment expenses(2)31228(61)-
Total expenses22678236(61)479
Income (loss) before income taxes(81)(64)(185)-(330)
Provision (benefit) for income taxes(31)1,0701,142(1,210)971
Net income (loss)$(50)$(1,134)$(1,327)$1,210$(1,301)
Identifiable assets$5,074$1,233$5,313$(1,853)(3)$9,767
________________
(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 and repurchase agreements.

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.
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 millions2017201620172016
Total premiums earned:
United States$35$58$76$117
United Kingdom17114
Europe (excluding United Kingdom)-213
Internationally diversified1-1-
Other Americas571214
Asia---1
Other1122
Total $43$75$93$151