Business Segments (Tables)

3 Months Ended

Mar. 31, 2019

Text Block [Abstract]

Summary of company's segment results

			Three Months Ended March 31, 2019
			U.S.				International
			Public				and Structured
			Finance				Finance
In millions			Insurance		Corporate		Insurance		Eliminations			Consolidated
Revenues(1)			$	38	$	7	$	10	$	-		$	55
Net change in fair value of insured derivatives				-		-		14		-			14
Net gains (losses) on financial instruments at fair value and
	foreign exchange			40		(18)		-		-			22
Net investment losses related to other-than-temporary impairments				(28)		-		-		-			(28)
Other net realized gains (losses)				1		(1)		1		-			1
Revenues of consolidated VIEs				(14)		-		-		-			(14)
Inter-segment revenues(2)				7		19		3		(29)			-
		Total revenues		44		7		28		(29)			50
Losses and loss adjustment				(50)		-		12		-			(38)
Operating				2		22		6		-			30
Interest				-		19		33		-			52
Expenses of consolidated VIEs				-		-		25		-			25
Inter-segment expenses(2)				15		6		8		(29)			-
		Total expenses		(33)		47		84		(29)			69
Income (loss) before income taxes			$	77	$	(40)	$	(56)	$	-		$	(19)
Identifiable assets			$	4,950	$	1,195	$	4,710	$	(2,077)	(3)	$	8,778
________________
(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 primarily of intercompany reinsurance balances and repurchase agreements.

			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)
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 primarily of intercompany reinsurance balances and repurchase agreements.