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Business Segments (Tables)
 9 Months Ended
Sep. 30, 2017
Text Block [Abstract]  
Summary of company's segment results
Three Months Ended September 30, 2017
U.S. International
Public and Structured
FinanceFinance
In millionsInsuranceCorporateInsuranceEliminationsConsolidated
Revenues(1)$70$7$10$-$87
Net change in fair value of insured derivatives--(1)-(1)
Net gains (losses) on financial instruments at fair value and
foreign exchange2(15)2-(11)
Net investment losses related to other-than-temporary impairments(71)---(71)
Net gains (losses) on extinguishment of debt-1--1
Other net realized gains (losses) (1)(1)1-(1)
Revenues of consolidated VIEs--29-29
Inter-segment revenues(2)41511(30)-
Total revenues4752(30)33
Losses and loss adjustment141-64-205
Operating8147-29
Interest-2228-50
Expenses of consolidated VIEs--22-22
Inter-segment expenses(2)16-14(30)-
Total expenses16536135(30)306
Income (loss) before income taxes(161)(29)(83)-(273)
Provision (benefit) for income taxes(55)(1)149(6)
Net income (loss)$(106)$(28)$(84)$(49)$(267)
Identifiable assets$5,051$1,205$5,320$(2,032)(3)$9,544
________________
(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 September 30, 2016
U.S. International
Public and Structured
FinanceFinance
In millionsInsuranceCorporateInsuranceEliminationsConsolidated
Revenues(1)$84$6$48$-$138
Net change in fair value of insured derivatives--16-16
Net gains (losses) on financial instruments at fair value and
foreign exchange31(2)9-38
Other net realized gains (losses) -(2)--(2)
Revenues of consolidated VIEs--13-13
Inter-segment revenues(2)61512(33)-
Total revenues1211798(33)203
Losses and loss adjustment 28-22-50
Operating91617-42
Interest-2227-49
Expenses of consolidated VIEs--7-7
Inter-segment expenses(2)18213(33)-
Total expenses554086(33)148
Income (loss) before income taxes66(23)12-55
Provision (benefit) for income taxes22(8)7324
Net income (loss)$44$(15)$5$(3)$31
Identifiable assets$5,343$2,407$7,020$(2,983)(3)$11,787
________________
(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.

Nine Months Ended September 30, 2017
U.S. International
Public and Structured
FinanceFinance
In millionsInsuranceCorporateInsuranceEliminationsConsolidated
Revenues(1)$200$23$54$-$277
Net change in fair value of insured derivatives--(51)-(51)
Net gains (losses) on financial instruments at fair value and
foreign exchange20(54)(21)-(55)
Net investment losses related to other-than-temporary impairments(84)---(84)
Net gains (losses) on extinguishment of debt-9--9
Other net realized gains (losses) (1)(3)40-36
Revenues of consolidated VIEs--50-50
Inter-segment revenues(2)144631(91)-
Total revenues14921103(91)182
Losses and loss adjustment 310-159-469
Operating344625-105
Interest-6682-148
Expenses of consolidated VIEs--63-63
Inter-segment expenses(2)47242(91)-
Total expenses391114371(91)785
Income (loss) before income taxes(242)(93)(268)-(603)
Provision (benefit) for income taxes(86)1,0691,143(1,161)965
Net income (loss)$(156)$(1,162)$(1,411)$1,161$(1,568)
Identifiable assets$5,051$1,205$5,320$(2,032)(3)$9,544
________________
(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.

Nine Months Ended September 30, 2016
U.S. International
Public and Structured
FinanceFinance
In millionsInsuranceCorporateInsuranceEliminationsConsolidated
Revenues(1)$250$17$97$-$364
Net change in fair value of insured derivatives--(20)-(20)
Net gains (losses) on financial instruments at fair value and
foreign exchange65(105)23-(17)
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) -(4)1-(3)
Revenues of consolidated VIEs--25-25
Inter-segment revenues(2)164335(94)-
Total revenues331(45)161(94)353
Losses and loss adjustment 46-103-149
Operating295246-127
Interest-6979-148
Expenses of consolidated VIEs--30-30
Inter-segment expenses(2)52338(93)-
Total expenses127124296(93)454
Income (loss) before income taxes204(169)(135)(1)(101)
Provision (benefit) for income taxes69(50)(48)1(28)
Net income (loss)$135$(119)$(87)$(2)$(73)
Identifiable assets$5,343$2,407$7,020$(2,983)(3)$11,787
________________
(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 September 30,Nine Months Ended September 30,
In millions2017201620172016
Total premiums earned:
United States$46$59$122$176
United Kingdom-6120
Europe (excluding United Kingdom)-114
Internationally diversified-313
Other Americas761920
Asia-1-2
Other-123
Total $53$77$146$228