Business Segments (Tables)

3 Months Ended

Mar. 31, 2018

Text Block [Abstract]

Summary of company's segment results

			Three Months Ended March 31, 2018
			U.S.				International
			Public				and Structured
			Finance				Finance
In millions			Insurance		Corporate		Insurance		Eliminations			Consolidated
Revenues(1)			$	53	$	7	$	17	$	-		$	77
Net change in fair value of insured derivatives				-		-		(5)		-			(5)
Net gains (losses) on financial instruments at fair value and
	foreign exchange			(6)		3		(6)		-			(9)
Net investment losses related to other-than-temporary impairments				(1)		-		-		-			(1)
Other net realized gains (losses)				-		(2)		1		-			(1)
Revenues of consolidated VIEs				-		-		12		-			12
Inter-segment revenues(2)				7		13		7		(27)			-
		Total revenues		53		21		26		(27)			73
Losses and loss adjustment				77		-		(5)		-			72
Operating				3		13		8		-			24
Interest				-		20		31		-			51
Expenses of consolidated VIEs				-		-		22		-			22
Inter-segment expenses(2)				15		6		6		(27)			-
		Total expenses		95		39		62		(27)			169
Income (loss) before income taxes				(42)		(18)		(36)		-			(96)
Provision (benefit) for income taxes				(9)		(33)		(5)		49			2
Net income (loss)			$	(33)	$	15	$	(31)	$	(49)		$	(98)
Identifiable assets			$	4,508	$	1,159	$	5,359	$	(2,133)	(3)	$	8,893
________________
(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 March 31, 2017
			U.S.				International
			Public				and Structured
			Finance				Finance
In millions			Insurance		Corporate		Insurance		Eliminations			Consolidated
Revenues(1)			$	68	$	8	$	27	$	-		$	103
Net change in fair value of insured derivatives				-		-		(53)		-			(53)
Net gains (losses) on financial instruments at fair value and
	foreign exchange			4		16		(3)		-			17
Net investment losses related to other-than-temporary impairments				(2)		-		-		-			(2)
Net gains (losses) on extinguishment of debt				-		8		-		-			8
Other net realized gains (losses)				-		(1)		4		-			3
Revenues of consolidated VIEs				-		-		1		-			1
Inter-segment revenues(2)				5		16		9		(30)			-
		Total revenues		75		47		(15)		(30)			77
Losses and loss adjustment				11		-		83		-			94
Operating				10		18		8		-			36
Interest				-		22		26		-			48
Expenses of consolidated VIEs				-		-		19		-			19
Inter-segment expenses(2)				15		1		14		(30)			-
		Total expenses		36		41		150		(30)			197
Income (loss) before income taxes				39		6		(165)		-			(120)
Provision (benefit) for income taxes				12		(4)		(57)		1			(48)
Net income (loss)			$	27	$	10	$	(108)	$	(1)		$	(72)
Identifiable assets			$	5,128	$	2,335	$	6,502	$	(2,948)	(3)	$	11,017
________________
(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.