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Financial Guarantees in Force (Tables)
12 Months Ended
Dec. 31, 2018
Guarantees [Abstract]  
Schedule of Financial Guarantee Insurance In Force By Bond Type
As of December 31, 2018 and 2017, the guarantee portfolio was diversified by type of guaranteed bond as shown in the following table:
Net Par Outstanding December 31,
2018
 
2017
Public Finance:
 
 
 
Lease and tax-backed revenue
$
7,565,000

 
$
11,893,000

Housing revenue (1)
6,159,000

 
6,312,000

General obligation
4,214,000

 
6,257,000

Transportation revenue
1,754,000

 
2,002,000

Utility revenue
1,178,000

 
2,212,000

Higher education
1,168,000

 
1,642,000

Health care revenue
459,000

 
807,000

Other
945,000

 
963,000

Total Public Finance
23,442,000

 
32,088,000

Structured Finance:
 
 
 
Mortgage-backed and home equity
5,510,000

 
7,267,000

Investor-owned utilities
1,754,000

 
3,274,000

Structured Insurance
1,365,000

 
1,420,000

Student loan
934,000

 
1,238,000

Asset-backed (2)
237,000

 
443,000

Other
147,000

 
174,000

Total Structured Finance
9,947,000

 
13,816,000

International Finance:
 
 
 
Sovereign/sub-sovereign
5,250,000

 
5,664,000

Investor-owned and public utilities
4,499,000

 
5,696,000

Transportation
1,613,000

 
1,777,000

Asset-backed (2)
1,550,000

 
2,609,000

Mortgage-backed and home equity

 
246,000

Other
626,000

 
820,000

Total International Finance
13,538,000

 
16,812,000

Total
$
46,927,000

 
$
62,716,000

(1)
Includes $5,759,000 and $5,829,000 of Military Housing net par at December 31, 2018 and 2017, respectively.
(2)
At December 31, 2018 and 2017, 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, 2018 and 2017, the International Finance guaranteed portfolio by location of risk was as outlined in the table below:
Net Par Outstanding December 31,
2018
 
2017
United Kingdom
$
10,965,000

 
$
13,554,000

Italy
811,000

 
877,000

Austria
712,000

 
770,000

Australia
384,000

 
608,000

France
312,000

 
329,000

Internationally diversified (1)
213,000

 
368,000

Other international
141,000

 
306,000

Total International Finance
$
13,538,000

 
$
16,812,000

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