Financial Guarantees in Force (Tables)

12 Months Ended

Dec. 31, 2015

Guarantees [Abstract]

Schedule of Financial Guarantee Insurance In Force By Bond Type

As of December 31, 2015 and 2014, the guarantee portfolio was diversified by type of guaranteed bond as shown in the following table:

Net Par Outstanding December 31	2015		2014
Public Finance:
Lease and tax-backed revenue	$	22,060,000	$	33,411,000
General obligation	15,946,000		22,699,000
Utility revenue	8,218,000		11,687,000
Housing revenue	6,810,000		7,108,000
Transportation education	5,589,000		7,738,000
Higher education	3,439,000		6,389,000
Health care revenue	2,234,000		3,106,000
Other	1,140,000		1,310,000
Total Public Finance	65,436,000		93,448,000
Structured Finance:
Mortgage-backed and home equity	11,387,000		13,686,000
Investor-owned utilities	4,921,000		5,411,000
Student loan	2,323,000		3,390,000
Asset-backed (1)	1,140,000		1,335,000
CDOs	306,000		637,000
Other	1,737,000		1,875,000
Total Structured Finance	21,814,000		26,334,000
International Finance:
Investor-owned and public utilities	7,208,000		8,455,000
Sovereign/sub-sovereign	6,218,000		6,758,000
Asset-backed (1)	3,870,000		4,442,000
Transportation	2,118,000		3,425,000
Mortgage-backed and home equity	347,000		410,000
CDOs	190,000		233,000
Other	1,098,000		1,229,000
Total International Finance	21,049,000		24,952,000
Total	$	108,299,000	$	144,734,000

(1) At December 31, 2015 and 2014, all asset-backed net par amounts outstanding relate to commercial asset-based transactions.

Schedule of International Financial Guarantee Insurance In Force Portfolio By Location Of Risk

As of December 31, 2015 and 2014, the International Finance guaranteed portfolio is shown in the following table by location of risk:

Net Par Outstanding December 31	2015		2014
United Kingdom	$	15,494,000	$	17,998,000
Australia	1,851,000		2,168,000
Italy	948,000		1,415,000
Austria	737,000		841,000
France	288,000		88,000
Internationally diversified (1)	974,000		1,225,000
Other international	757,000		1,217,000
Total International Finance	$	21,049,000	$	24,952,000

(1) Internationally diversified obligations represent pools of geographically diversified exposures which may include components of U.S. exposure.