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Business Segments (Tables)

3 Months Ended

Mar. 31, 2012

Business Segments [Abstract]

Summary Of Company's Segment Results

		Three Months Ended March 31, 2012
In millions		U.S. Public Finance Insurance				Structured Finance and International Insurance				Advisory Services				Corporate				Wind-down Operations				Eliminations				Consolidated
Revenues(1)		$	125			$	55			$	6			$	1			$	19			$	-			$	206
Realized gains and other settlements on insured derivatives			-				(4)				-				-				-				-				(4)
Unrealized gains (losses) on insured derivatives			-				303				-				-				-				-				303
Net gains (losses) on financial instruments at fair value and foreign exchange			10				46				-				5				(80)				-				(19)
Net investment losses related to other-than-temporary impairments			-				(40)				-				-				(54)				-				(94)
Other net realized gains (losses)			-				1				-				-				-				-				1
Revenues of consolidated VIEs			-				(14)				-				-				4				-				(10)
Inter-segment revenues(2)			36				(7)				7				23				3				(62)				-
Total revenues			171				340				13				29				(108)				(62)				383
Loss and loss adjustment expense			14				83				-				-				-				-				97
Operating expenses			75				59				15				21				1				-				171
Interest expense			-				33				-				14				26				-				73
Expenses of consolidated VIEs			-				17				-				-				4				-				21
Inter-segment expenses(2)			27				46				2				4				8				(87)				-
Total expenses			116				238				17				39				39				(87)				362
Income (loss) before income taxes		$	55			$	102			$	(4)			$	(10)			$	(147)			$	25			$	21
Identifiable assets		$	7,534			$	19,632			$	46			$	670			$	4,732			$	(6,488)	(3)		$	26,126

(1) - Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements, investment management fees and other fees.

(2) - Represents intercompany premium income and expense, intercompany asset management fees and expenses, and intercompany interest income and expense pertaining to intercompany receivables and payables.

(3) - Consists of intercompany reinsurance balances, repurchase agreements and loans.

		Three Months Ended March 31, 2011
In millions		U.S. Public Finance Insurance				Structured Finance and International Insurance				Advisory Services				Corporate				Wind-down Operations				Eliminations				Consolidated
Revenues(1)		$	131			$	102			$	6			$	1			$	25			$	-			$	265
Realized gains and other settlements on insured derivatives			-				(354)				-				-				-				-				(354)
Unrealized gains (losses) on insured derivatives			-				(1,422)				-				-				-				-				(1,422)
Net gains (losses) on financial instruments at fair value and foreign exchange			3				33				-				23				(83)				-				(24)
Net investment losses related to other-than-temporary impairments			-				(2)				-				-				(11)				-				(13)
Net gains (losses) on extinguishment of debt			-				-				-				-				24				2				26
Other net realized gains (losses)			-				1				-				-				4				-				5
Revenues of consolidated VIEs			-				(105)				-				-				15				-				(90)
Inter-segment revenues(2)			18				11				9				22				(5)				(55)				-
Total revenues			152				(1,736)				15				46				(31)				(53)				(1,607)
Loss and loss adjustment expense			3				(39)				-				-				-				-				(36)
Operating expenses			12				42				15				22				1				-				92
Interest expense			-				33				-				15				27				-				75
Expenses of consolidated VIEs			-				20				-				-				5				-				25
Inter-segment expenses(2)			26				29				1				4				9				(69)				-
Total expenses			41				85				16				41				42				(69)				156
Income (loss) before income taxes		$	111			$	(1,821)			$	(1)			$	5			$	(73)			$	16			$	(1,763)
Identifiable assets		$	8,232			$	24,179			$	54			$	624			$	6,161			$	(7,007)	(3)		$	32,243

(1) - Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements, investment management fees and other fees.

(2) - Represents intercompany premium income and expense, intercompany asset management fees and expenses, and intercompany interest income and expense pertaining to intercompany receivables and payables.

(3) - Consists of intercompany reinsurance balances, repurchase agreements and loans.

Summary Of Premiums Earned On Financial Guarantees And Insured Derivatives By Geographic Location Of Risk

		Three Months Ended March 31,
In millions		2012				2011
Total premiums earned:
United States		$	119			$	122
United Kingdom			8				7
Europe (excluding United Kingdom)			5				12
Internationally diversified			5				9
Central and South America			11				9
Asia			1				7
Other			3				3
Total		$	152			$	169

Summary Of Segments Within Wind-Down Operations

		Three Months Ended March 31, 2012
In millions		Asset / Liability Products				Conduits				Eliminations				Total Wind- down Operations
Revenues(1)		$	19			$	-			$	-			$	19
Net gains (losses) on financial instruments at fair value and foreign exchange			(80)				-				-				(80)
Net investment losses related to other-than-temporary impairments			(54)				-				-				(54)
Revenues of consolidated VIEs			-				4				-				4
Inter-segment revenues(2)			4				(1)				-				3
Total revenues			(111)				3				-				(108)
Operating expenses			1				-				-				1
Interest expense			26				-				-				26
Expenses of consolidated VIEs			-				4				-				4
Inter-segment expenses(2)			8				-				-				8
Total expenses			35				4				-				39
Income (loss) before income taxes		$	(146)			$	(1)			$	-			$	(147)
Identifiable assets		$	3,610			$	1,177			$	(55)			$	4,732

(1) - Represents the sum of third-party interest income, investment management services fees and other fees.

(2) - Represents intercompany asset management fees and expenses plus intercompany interest income and expense pertaining to intercompany debt.

				Three Months Ended March 31, 2011
In millions				Asset / Liability Products				Conduits				Eliminations				Total Wind- down Operations
Revenues(1)				$	24			$	1			$	-			$	25
Net gains (losses) on financial instruments at fair value and foreign exchange					(83)				-				-				(83)
Net investment losses related to other-than-temporary impairments					(11)				-				-				(11)
Net gains (losses) on extinguishment of debt					24				-				-				24
Other net realized gains (losses)					4				-				-				4
Revenues of consolidated VIEs					10				5				-				15
Inter-segment revenues(2)					(4)				(1)				-				(5)
Total revenues					(36)				5				-				(31)
Operating expenses					1				-				-				1
Interest expense					27				-				-				27
Expenses of consolidated VIEs					-				5				-				5
Inter-segment expenses(2)					8				1				-				9
Total expenses					36				6				-				42
Income (loss) before income taxes				$	(72)			$	(1)			$	-			$	(73)
Identifiable assets				$	4,897			$	1,565			$	(301)			$	6,161

(1) - Represents the sum of third-party interest income, investment management services fees and other fees.

(2) - Represents intercompany asset management fees and expenses plus intercompany interest income and expense pertaining to intercompany debt.

X

- Definition

This element shows Premiums earned on financial guarantees and insured derivatives within the company's insurance segments by geographic location of risk.

+ References

No definition available.

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X

- Definition

This element may be used to capture the complete disclosure for the identification, description and amounts of all significant reconciling items in the reconciliation of total profit or loss from the segments within the wind-down operations to the total of all wind-down operations income before income taxes, extraordinary items, discontinued operations and the cumulative effect of changes in accounting principles.

+ References

No definition available.

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X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 131

-Paragraph 32

-Subparagraph b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 31

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 30

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

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