XML 33 R52.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 5 - VIEs Financial Guaranty Insurance Contracts VIEs (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Balance Sheet Related Disclosures          
Trading Securities $ 4,145,380,000   $ 4,145,380,000   $ 4,211,059,000
Derivative Assets 14,857,000   14,857,000   17,212,000
Other Assets 353,945,000   353,945,000   314,864,000
Unearned premiums 614,455,000   614,455,000   637,372,000
Reserve for losses and LAE 3,119,597,000   3,119,597,000   3,310,902,000
Derivative liabilities 267,323,000   267,323,000   126,006,000
VIE debt 109,651,000   109,651,000   228,240,000
Accounts payable and accrued expenses 350,810,000   350,810,000   349,726,000
Statement of Operations          
Premiums earned 190,963,000 179,655,000 545,107,000 571,612,000  
Net investment income 25,635,000 38,763,000 91,225,000 124,826,000  
Net gains (losses) on investments 84,659,000 81,640,000 178,537,000 163,311,000  
Change in fair value of derivative instruments (41,056,000) 126,008,000 (146,937,000) 558,626,000  
Net (losses) gains on other financial instruments (740,000) 80,602,000 (80,454,000) 160,900,000  
Provision for losses, (decrease) increase 176,352,000 249,598,000 653,374,000 940,537,000  
Other operating expenses 50,429,000 45,240,000 140,776,000 137,413,000  
Consolidated Financial Guaranty Insurance Contracts
         
Balance Sheet Related Disclosures          
Trading Securities 0   0   94,500,000
Other invested assets 75,600,000   75,600,000   0
Other Assets 100,600,000   100,600,000   105,900,000
Derivative liabilities 71,100,000   71,100,000   19,500,000
VIE debt 100,200,000   100,200,000   218,800,000
Accounts payable and accrued expenses 400,000   400,000   500,000
Maximum exposure (1) 128,300,000 [1]   128,300,000 [1]   580,000,000 [1]
Statement of Operations          
Net investment income     2,900,000 6,200,000  
Net gains (losses) on investments     (3,100,000) 19,300,000  
Change in fair value of derivative instruments     1,300,000 (9,400,000)  
Net (losses) gains on other financial instruments     (91,300,000) 124,000,000  
Other operating expenses     1,800,000 2,300,000  
Financial Guaranty VIE Additional Disclosure          
Number Of Consolidated Other Financial Guaranty Transactions 2   2    
Net cash inflow (outflow) for VIEs     (134,600,000) 600,000  
Unconsolidated Financial Guaranty Insurance Contracts
         
Balance Sheet Related Disclosures          
Derivative Assets 3,200,000   3,200,000   4,100,000
Premiums receivable 3,000,000   3,000,000   3,600,000
Other Assets 0   0    
Unearned premiums 3,100,000   3,100,000   3,800,000
Reserve for losses and LAE 14,400,000   14,400,000   7,900,000
Derivative liabilities 172,700,000   172,700,000   79,500,000
Maximum exposure (1) 5,188,900,000 [1]   5,188,900,000 [1]   6,126,300,000 [1]
Statement of Operations          
Premiums earned     1,300,000 2,200,000  
Change in fair value of derivative instruments     (166,400,000) 457,300,000  
Provision for losses, (decrease) increase     5,900,000 (3,100,000)  
Financial Guaranty VIE Additional Disclosure          
Net cash inflow (outflow) for VIEs     $ (70,500,000) $ 6,300,000  
[1] The difference between the carrying amounts of the net asset/liability position and maximum exposure related to VIEs is primarily due to the difference between the face amount of the obligation and the recorded fair values, which include an adjustment for our non-performance risk, as applicable. For those VIEs that have recourse to our general credit, the maximum exposure is based on the net par amount of our insured obligation. For any VIEs that do not have recourse to our general credit, the maximum exposure is generally based on the recorded net assets of the VIE, as of the reporting date.