Note 5 - VIEs Financial Guaranty Insurance Contracts VIEs (Details) (USD $)
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3 Months Ended | 9 Months Ended | ||||||||
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Sep. 30, 2012
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Sep. 30, 2011
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Sep. 30, 2012
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Sep. 30, 2011
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Dec. 31, 2011
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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
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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
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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 | ||||||||
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