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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2017
Segment Reporting [Abstract] |
Summary of Financial Information by Reportable Segment | The following table is a summary of financial information by reportable business segment for the affected periods:
|  | Financial Guarantee |  | Financial Services |  | Corporate and Other |  | Inter-segment Eliminations |  | Consolidated
Three Months Ended March 31, 2017: |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |
Unaffiliated customers (1) |  | $ | 131,850 |  |  | $ | (1,706 | ) |  | $ | (5,114 | ) |  | $ | — |  |  | $ | 125,030 |
Equity in net income of investees accounted for by equity method |  | — |  |  | — |  |  | 1,198 |  |  | — |  |  | 1,198 |
Inter-segment |  | 908 |  |  | (836 | ) |  | 330 |  |  | (402 | ) |  | — |
Total revenues |  | 132,758 |  |  | (2,542 | ) |  | (3,586 | ) |  | (402 | ) |  | 126,228 |
Pre-tax income: |  |  |  |  |  |  |  |  |  |
Unaffiliated customers (1)(2)(3) |  | (97,337 | ) |  | (2,252 | ) |  | (7,469 | ) |  | — |  |  | (107,058 | )
Equity in net income of investees accounted for by equity method |  | — |  |  | — |  |  | 1,198 |  |  | — |  |  | 1,198 |
Inter-segment |  | (223 | ) |  | (938 | ) |  | 1,161 |  |  | — |  |  | — |
Pre-tax income |  | (97,560 | ) |  | (3,190 | ) |  | (5,110 | ) |  | — |  |  | (105,860 | )
Total assets as of March 31, 2017 |  | 22,388,190 |  |  | 139,637 |  |  | 389,580 |  |  | (153,847 | ) |  | 22,763,560 |
Net investment income |  | 78,342 |  |  | 154 |  |  | 3,063 |  |  | — |  |  | 81,559 |
Insurance intangible amortization |  | 37,525 |  |  | — |  |  | — |  |  | — |  |  | 37,525 |
Interest expense |  | 31,394 |  |  | 178 |  |  | — |  |  | — |  |  | 31,572 |
Three Months Ended March 31, 2016: |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |
Unaffiliated customers (1) |  | $ | 97,374 |  |  | $ | (83,214 | ) |  | $ | 1,610 |  |  | $ | — |  |  | $ | 15,770 |
Equity in net income of investees accounted for by equity method |  | — |  |  | — |  |  | 1,132 |  |  | — |  |  | 1,132 |
Inter-segment |  | (772 | ) |  | (338 | ) |  | 1,148 |  |  | (38 | ) |  | — |
Total revenues |  | 96,602 |  |  | (83,552 | ) |  | 3,890 |  |  | (38 | ) |  | 16,902 |
Pre-tax income (loss): |  |  |  |  |  |
Unaffiliated customers (1) (2) (3) |  | 98,417 |  |  | (83,847 | ) |  | (2,848 | ) |  | — |  |  | 11,722 |
Equity in net income of investees accounted for by equity method |  | — |  |  | — |  |  | 1,132 |  |  | — |  |  | 1,132 |
Inter-segment |  | (1,623 | ) |  | (454 | ) |  | 2,077 |  |  | — |  |  | — |
Pre-tax income (loss) |  | 96,794 |  |  | (84,301 | ) |  | 361 |  |  | — |  |  | 12,854 |
Total assets as of March 31, 2016 |  | 23,045,239 |  |  | 390,661 |  |  | 276,885 |  |  | 5,806 |  |  | 23,718,591 |
Net investment income |  | 57,713 |  |  | 203 |  |  | 2,905 |  |  | — |  |  | 60,821 |
Insurance intangible amortization |  | 50,890 |  |  | — |  |  | — |  |  | — |  |  | 50,890 |
Interest expense |  | 30,284 |  |  | 146 |  |  | — |  |  | — |  |  | 30,430 |
(1) | Included in both revenues from unaffiliated customers and in pre-tax income from unaffiliated customers is net investment income.
(2) | Included in pre-tax income from unaffiliated customers is interest expense.
(3) | Included in pre-tax income from unaffiliated customers is the amortization of insurance intangible asset arising from financial guarantee contracts that were set to fair value upon adoption of Fresh Start.
Schedule of Gross Premiums Written, Net Premiums Earned and Net Change in Fair Value of Credit Derivatives | The following table summarizes gross premiums written, net premiums earned and the net change in fair value of credit derivatives included in the Financial Guarantee segment by location of risk for the affected periods:
|  | Three Months Ended March 31, 2017 |  | Three Months Ended March 31, 2016
|  | Gross Premiums Written |  | Net Premiums Earned |  | Net Change in Fair Value of Credit Derivatives |  | Gross Premiums Written |  | Net Premiums Earned |  | Net Change in Fair Value of Credit Derivatives
United States |  | $ | (2,679 | ) |  | $ | 40,621 |  |  | $ | 201 |  |  | $ | (13,759 | ) |  | $ | 46,115 |  |  | $ | 855 |
United Kingdom |  | 10,727 |  |  | 5,263 |  |  | — |  |  | 9,352 |  |  | 6,388 |  |  | — |
Other international |  | (2,464 | ) |  | 1,729 |  |  | 851 |  |  | (20,373 | ) |  | 297 |  |  | 12,011 |
Total |  | $ | 5,584 |  |  | $ | 47,613 |  |  | $ | 1,052 |  |  | $ | (24,780 | ) |  | $ | 52,800 |  |  | $ | 12,866 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8736-108599 + Details
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