Note 1 - Condensed Consolidated Financial Statements - Basis of Presentation (Tables)

9 Months Ended

Sep. 30, 2012

Impact of Commutation and Cession of Financial Guarantee Exposure [Abstract]

Schedule of Financial Statement Impact for Commutation and Cession of Financial Guarantee Insurance Contracts [Table Text Block]

The following table shows the impact of the Assured Transaction on our unaudited condensed consolidated financial statements in the first nine months of 2012.

Statement of Operations
(In millions)
Decrease in premiums written	$	(119.8	)
Decrease in net premiums earned	$	(22.2	)
Increase in change in fair value of derivative instruments—gain	1.4
Gain on sale of affiliate	7.7
Increase in amortization of policy acquisition costs	(15.7		)
Decrease in pre-tax income	$	(28.8	)
Balance Sheet
(In millions)
Decrease in:
Cash	$	93.6
Deferred policy acquisition costs	26.2
Accounts and notes receivable	1.1
Derivative assets	0.6
Unearned premiums	71.6
Derivative liabilities	2.1
Increase in other assets	19.1