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Consolidated Statements Of Operations (USD $)
In Millions, except Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Change in fair value of insured derivatives:    
Unrealized gains (losses) on insured derivatives $ 303 $ (1,422)
Investment losses related to other-than-temporary impairments:    
Total revenues 383 (1,607)
Expenses:    
Losses and loss adjustment 97  
Total expenses 362 156
Income (loss) before income taxes 21 (1,763)
Provision (benefit) for income taxes 11 (489)
Net income (loss) 10 (1,274)
Net income (loss) per common share:    
Basic $ 0.05 $ (6.37)
Diluted $ 0.05 $ (6.37)
Weighted average number of common shares outstanding:    
Basic 193,489,424 [1] 199,972,759 [1]
Diluted 194,594,974 199,972,759
Non Variable Interest Entities [Member]
    
Premiums earned:    
Scheduled premiums earned 96 128
Refunding premiums earned 41 9
Premiums earned (net of ceded premiums of $3 and $3) 137 137
Net investment income 62 114
Fees and reimbursements 7 14
Change in fair value of insured derivatives:    
Realized gains (losses) and other settlements on insured derivatives (4) (354)
Unrealized gains (losses) on insured derivatives 303 (1,422)
Net change in fair value of insured derivatives 299 (1,776)
Net gains (losses) on financial instruments at fair value and foreign exchange (19) (24)
Investment losses related to other-than-temporary impairments:    
Investment losses related to other-than-temporary impairments (53) (7)
Other-than-temporary impairments recognized in accumulated other comprehensive income (loss) (41) (6)
Net investment losses related to other-than-temporary impairments (94) (13)
Net gains (losses) on extinguishment of debt   26
Other net realized gains (losses) 1 5
Expenses:    
Losses and loss adjustment 97 (36)
Amortization of deferred acquisition costs 13 17
Operating 158 75
Interest 73 75
Variable Interest Entity [Member]
    
Premiums earned:    
Net investment income 17 17
Change in fair value of insured derivatives:    
Net gains (losses) on financial instruments at fair value and foreign exchange (27) (107)
Expenses:    
Operating 6 10
Interest $ 15 $ 15
[1] Includes 5,219,053 and 5,228,926 of unvested restricted stock and units that receive nonforfeitable dividends or dividend equivalents for the three months ended March 31, 2012 and 2011, respectively.