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Consolidated Statements Of Operations (USD $)
In Millions, except Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Change in fair value of insured derivatives:        
Unrealized gains (losses) on insured derivatives     $ (1,473) $ 531
Investment losses related to other-than-temporary impairments:        
Total revenues 281 1,120 1,703 (390)
Expenses:        
Losses and loss adjustment     330  
Total expenses 338 375 944 775
Income (loss) before income taxes (57) 745 759 (1,165)
Provision (benefit) for income taxes (64) 301 161 (472)
Net income (loss) 7 444 598 (693)
Net income (loss) per common share:        
Basic $ 0.04 $ 2.27 $ 3.09 $ (3.50)
Diluted $ 0.04 $ 2.26 $ 3.07 $ (3.50)
Weighted average number of common shares outstanding:        
Basic 193,879,994 [1] 195,612,615 [1] 193,760,654 [1] 198,262,715 [1]
Diluted 194,977,642 196,347,502 194,835,537 198,262,715
Non Variable Interest Entities [Member]
        
Premiums earned:        
Scheduled premiums earned 85 111 291 354
Refunding premiums earned 70 65 173 108
Premiums earned (net of ceded premiums of $3, $3, $12 and $9) 155 176 464 462
Net investment income 50 92 172 299
Fees and reimbursements 20 16 47 41
Change in fair value of insured derivatives:        
Realized gains (losses) and other settlements on insured derivatives 12 (53) (420) (599)
Unrealized gains (losses) on insured derivatives (33) 776 1,473 (531)
Net change in fair value of insured derivatives (21) 723 1,053 (1,130)
Net gains (losses) on financial instruments at fair value and foreign exchange 7 13 (18) (114)
Investment losses related to other-than-temporary impairments:        
Investment losses related to other-than-temporary impairments (3) (12) (58) (25)
Other-than-temporary impairments recognized in accumulated other comprehensive income (loss) (5) 1 (47) (19)
Net investment losses related to other-than-temporary impairments (8) (11) (105) (44)
Net gains (losses) on extinguishment of debt       26
Other net realized gains (losses) 1 1 7 6
Expenses:        
Losses and loss adjustment 171 190 330 204
Amortization of deferred acquisition costs 8 12 36 51
Operating 72 76 307 226
Interest 69 75 214 225
Variable Interest Entity [Member]
        
Premiums earned:        
Net investment income 17 17 51 53
Change in fair value of insured derivatives:        
Net gains (losses) on financial instruments at fair value and foreign exchange 44 88 (17) 3
Investment losses related to other-than-temporary impairments:        
Net gains (losses) on extinguishment of debt 16   49  
Other net realized gains (losses)   5   8
Expenses:        
Operating 5 7 14 24
Interest $ 13 $ 15 $ 43 $ 45
[1] Includes 5,524,396 and 5,038,788 of unvested restricted stock and units that receive nonforfeitable dividends or dividend equivalents for the three months ended September 30, 2012 and 2011, respectively. Includes 5,442,143 and 5,085,256 of unvested restricted stock and units that receive nonforfeitable dividends or dividend equivalents for the nine months ended September 30, 2012 and 2011, respectively.